Global Strategies in Retailing Asian and European Experiences
Large and medium sized retailers have increased their international operations substantially over the last 25 years. This is evident in: the number of countries to which these retailers expand; the growing international sales of retailers; and the heightening of the level of commitment of retailers to their international activity – a trend that is likely to continue over the next decade as general globalization in the service industries increases.
The managerial implications of the moves to become global are considerable. Different retailers are pursuing different approaches, to varying degrees of success and are no longer simply multi-national, but are also multi-continental. Consequently, existing concepts and theories of international business fit uneasily in explanations of international retailing, so new corporate strategies need to be explored.
Featuring in-depth studies of seven retailers, by international scholars from Japan, the UK and Sweden, Global Strategies in Retailing explores recent developments in strategy that are related to international retailing and in particular, the emergence of a Global Portfolio Strategy. As such, this book will be important reading for all international business and retailing students and academics researching in these areas.
Introduction 1. Recent Developments in Retail Internationalization 2. Building International Strategy with Formats and Formulae 3. Global Portfolio Strategy as a New Strategic Paradigm 4. Nitori: From Local Furniture Store to Largest Home Furnishing Chain in Japan 5. President Chain Store Corporation: Globalization through Business Diversification 6. Lotte Shopping: Transforming a Korean Retailer towards being Global 7. IKEA: The Making of a Global Giant 8. MUJI: The Evolution of a Local Private Label to a Global Retailer 9. The Delhaize Group: Internationalizing the Supermarket on Three Continents 10. The Metro Group: Internationalizing the Cash and Carry Format 11. Future Directions of Retailer Internationalization