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184 posts categorized "News from Euromonitor"

July 20, 2015

Jet.com Launches to Compete with Amazon.com

Analyst Insight by Michelle Chae - Retailing Analyst

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Marc Lore, the founder of Quidsi and former Amazon employee, is finally launching his next venture, Jet.com on Tuesday July 21st, after raising US$220 million. Will Jet.com be the next game-changer that can take on Amazon?

Through a dynamic pricing model, Jet.com promises average savings of 10-15% compared to anywhere else online at half of Amazon Prime’s membership fee. Starting on Tuesday, consumers can sign up for a membership at $49.99 per year with a free 90-day trial period. Jet.com plans to make its revenue strictly from membership fees and pass along all savings to consumers.

“'The bottom line is, we’re basically not making a dime on any of the transactions. We’re passing it all back to the consumer,’ Lore says from a conference room in his Montclair headquarters. ‘We want to build a different type of relationship with the consumer. When we show you a product, it’s not because we are making money on it and not because we are closing out a line. It’s because we think it’s a good deal.’” –BloombergBusiness

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July 15, 2015

Grexit or Not: The Future of the Greek Travel Industry, In or Out of the Eurozone

Wouter GeertsAnalyst Insight by Wouter Geerts - Travel Analyst

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Greece’s future in the Eurozone is on a knife-edge. Recent developments seem to secure Greece’s position in the Eurozone, but the future remains extremely uncertain. This uncertainty, combined with other volatility like the tragic events in Tunisia, greatly impacts the travel industry. According to the World Travel and Tourism Council (WTTC), the wider tourism industry in Greece accounted for 17.3% of GDP in 2014, meaning that any impact on the tourism industry will have a significant impact on the wider economy of Greece.  

Here, I will discuss two scenarios for the short to mid-term future of tourism in Greece, taking into account the correlation between GDP and arrivals performance, and the benefits of the “should I stay or should I go now” options. Future scenarios of the Greek economic outlook by Euromonitor International’s Economies team provides a useful framework to assess the different possible outcomes for tourism demand.  

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July 14, 2015

Iran’s Dairy Market a Temporary Solution to Russia’s Lockdown and China’s Slowdown

Lianne van den BosAnalyst Insight by Lianne van den Bos - Food Analyst

View Lianne van den Bos's profile on LinkedIn

A number of sanctions against Iran could be suspended by the US and the EU after international inspectors confirmed the country has curbed its nuclear programme. This breakthrough could open up the tenth largest growing dairy market globally, which is expected to hit new (real) sales worth over US$1 billion over 2015-2020, the size of the entire Western European region combined. With Russia’s lockdown and China’s slowdown could Iran be a temporary fix? Iran’s large, young population, which has an open attitude towards new packaged food products, makes it a huge untapped opportunity, one of the few remaining markets to target after Myanmar opened up after political change in 2011. However, if sanctions are lifted this is likely to be a lengthy process and political instability is a key concern when doing business in Iran, making it a less attractive market for foreign investment.

Continue reading "Iran’s Dairy Market a Temporary Solution to Russia’s Lockdown and China’s Slowdown" »

July 8, 2015

Brand Scandals and how they Impact Consumers - Featuring Subway


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How do scandals like the investigation into Subway spokesman Jared Fogle impact the brands associated with these public figures.  How much do consumers care about the image of the companies they patronize? This podcast examines how foodservice brands have addressed and recovered from scandals in the past and the outlook for Subway now.

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July 7, 2015

The Most Likely Scenario for Greece


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With Greece voting “no” on July 5th, Greece now defaults on all of its debt. Although the Greek government states that the vote strengthens its position to bargain with the rest of the Eurozone, the Germans are unlikely to make further concessions. In order to keep funding their government, Greece may have to reintroduce the Drachma or some form of I.O.U.’s.

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July 6, 2015

Lo que podemos esperar de la entrada de Amazon a México


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Recientemente, Amazon lanzó la versión completa de su tienda en México, lo que ha generado mucha expectativa. El retailer online ya contaba con una versión limitada de su tienda en el país pero ahora entra a irrumpir en el mercado ofreciendo su gama completa de productos. En este podcast, Ingrid Belmont, analista de investigación en Euromonitor International discute cuál será el impacto de la entrada de este gigante frente al panorama actual de Retail por internet en México, así como lo que podemos esperar para el futuro próximo.

June 24, 2015

The Royal Ahold and Delhaize Merger: How to Survive in the US Grocery Retail Market

Tim BarrettAnalyst Insight by Tim Barrett - Retailing Analyst

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On 24 June 2015, Royal Ahold NV and Delhaize Group announced their intent to merge, a move which is indicative of the increased competition in modern grocery retail and the need to compete on price. The combined company would have had a 4.6% market share of grocery sales with over 2,100 outlets in the US in 2014. Despite being international grocery chains, both generate around 60% of their total sales in US, making it a very important market. Their combined share will assist the new company in hammering out efficiencies by giving them the ability to limit redundant costs and utilize their increased bargaining power with suppliers to keep costs low wherever possible—both of which are essential to survive in a market that is focused mainly on low prices.

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Cycle of Greek Bailouts Fails to Tackle Long-Term Economic Malaise

Carrie_LennardAnalyst Insight by Carrie Lennard - Business Environment Manager

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At the time of writing, Greece’s negotiations with the International Monetary Fund (IMF) over its debt look in doubt, and there is the possibility that Greece may default on a €1.5 billion debt repayment installment due to be paid to the IMF on 30th June 2015. The potential default comes amid a host of long-term economic problems, which plague the country. Despite a series of bailout packages, Greece’s debt-to-GDP ratio stood at 177% in 2014, the second highest in the world after Japan. It has a cripplingly high unemployment rate at 26.6% of the economically active population in 2014, a youth unemployment rate which is the highest in the eurozone of 55.8% of the economically active youth population aged 15-24 in 2014 and a real GDP total decline of 22.0% from 2009-2014. These ongoing issues raise questions over the wisdom of continuing to burden Greece with debt while little is being done to address the underlying problems afflicting the Greek economy. In the context of a debt cycle, a default would at least allow Greece to start again.

Continue reading "Cycle of Greek Bailouts Fails to Tackle Long-Term Economic Malaise" »

June 22, 2015

Greece in Charts


View Sarah Boumphrey's profile on LinkedIn

With tensions mounting over the Greek debt crisis and Greece’s possible exit from the eurozone, we investigate the performance of the Greek economy since the recession. GDP and consumer expenditure have both plummeted; with spending on durable goods such as consumer electronics and appliances seeing the biggest impact. Low-income households have been most-affected and the gap between rich and poor in Greece is now the widest in the eurozone.

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June 16, 2015

A win-win for Hudson Bay Company and Metro AG But Challenges Exist

Michelle GrantAnalyst Comment by Michelle Grant - Head of Retailing Research

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Hudson Bay Company announced its purchase of the department store banner, Galeria Kaufhof, from Metro Group for Euro2.83 billion, including debt, on 15 June 2015.

Overall, this is a good move for Metro AG and Hudson Bay Company.  Kaufhof only accounted for 5% of Metro’s sales in a fading channel with sales by department stores in Germany expected to decline by 2.3% over the next five years.  The proceeds from the sale will help pay down debt, which in turn, should free up more resources to help Metro’s cash and carry and electronics businesses compete successfully in hypercompetitive markets.  Hudson Bay gets a strong asset in the German department store channel from which to launch its European operations with the financing of the deal coming from sales of the prime German real estate assets.  But the company does face an uphill challenge for sales growth due to a shift away from the department store channel in Germany and stiff competition from apparel and footwear specialists, such as H&M.  To spur growth for the Galeria Kaufhof banner, Hudson Bay will need to have a deep understanding of how Germans shop, execute well on a multi-channel retailing experience and stock merchandise at prices that can compete in a fierce competitive environment.

Continue reading "A win-win for Hudson Bay Company and Metro AG But Challenges Exist" »


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