pandora rings Mart to cut global plastic sho

Mart to cut global plastic shopping bag waste

NEW YORK (Reuters) Wal Mart Stores Inc said on Thursday it will cut its worldwide plastic shopping bag waste by an average of 33 percent per store by 2013, an effort the world’s biggest retailer said could eliminate more than 135 million pounds of plastic waste globally.

To me pandora rings et tha pandora rings t goal, Wal Mart stores will give out fewer bags and encourage shoppers to use reusable ones.

It also comes amid pandora rings a global push to curb the use of plastic bags, which environmentalists say can take up to 1,000 years to disintegrate and pose threats to marine life, birds and other animals. city to outlaw non biodegradable plastic bags from large supermarkets, and the state of California has enacted a law that requires large stores to take back plastic bags and encourage their reuse.

Wal Mart said its stores in Mexico and the Unit pandora rings ed States are introducing cheaper, affordable reusable bags. While in the United States it currently sells a reusable bag for $1, the retailer said it will begin offering a new reusable bag for 50 cents each. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

pandora rings Mart to boost workforce for th

Mart to boost workforce for the holidays

Analysts pandora rings study the holiday hiring figures from retailers for clues about employment trends and sal pandora rings es expectations for the holiday season pandora rings . On average, full time Wal Mart employees work 37 hours a week and part time employees work 27 hours. “If you work at Wal Mart you are still probably not having a great standard of living.”Overall holiday hiring is expected to be relatively flat because of cautious consumer spending and uncertainty about the economic environment. Employer consulting firm Challenger, Gray Christmas Inc. estimates that overall seasonal hiring will not change significantly from last year’s total, when hiring rose 14 percent to 751,800 positions between Oct. 1 and Dec. Target Corp. said last week that it plans to hire 70,000 workers, a 20 percent drop from a year ago as it tries to be more efficient in its hiring practices. And department st pandora rings ore operator Kohl’s Corp. The stock has traded between $67.37 and $79.96 over the past 52 weeks.

pandora rings Mart Succeed in Indiadoesn

Mart Succeed in India

doesn realize it, but I know everything about him, says Indian retail magnate Kishore Biyani about a young man sitting with him in a Mumbai hotel meeting room in early December. see that he is wearing Colour Plus trousers. I know his waist size I know everything about him. We are a company of observers, and everybody is trained to observe customers, says Biyani, who is CEO of the Future Group and managing director of its flagship Pantaloon retail chain that last year had revenues of Rs. 2,018 crore ($450 million) and expects to become a $1 billion company by mid 2007.

Biyani often spends Sundays hanging about unobtrusively and watching shoppers at his company 200 clothing stores in 32 Indian cities. The home grown retailer obsession for observing the average Indian consumer also at public places like temples and movie halls underscores what could be Wal Mart biggest challenge as it sets up shop in India in partnership with Bharti, a leading telecom services provider. is a very diverse country we have 6,000 castes and sub castes in 28 states, and every community has its own tastes; every state has its own nuances, says Biyani. manage the diversity and the heterogeneity will be one of the biggest challenges for anybody who comes to this market. India and its challenges in transportation, warehousing and distribution infrastructure haven deterred the world biggest organized retailers that have lobbied unsuccessfully so far with the Indian government to permit foreign direct investment in the retail industry. Wal Mart battled stiff opposition from Indian retail chains and found an open backdoor, forming a joint venture with Bharti to supply back end supply chain technology and related processes; Bharti will handle the front end of owning and running the stores, which are likely to be co branded. The terms of the deal haven been disclosed, but media reports put Wal Mart proposed investment in the venture at $100 million initially, rising to $450 million in a few years. and Carrefour of France. Some, like Germany Metro and South Africa Shoprite, have already entered India with a cash and carry business that supplies only retailers, restaurants and business houses where the Indian government permits FDI. Wal Mart is also entering the cash and carry business, with Bharti supplying Wal Mart stores in India. Moreover, many large Indian companies including Reliance Industries, the Aditya Birla group, and other regional firms have recently announced ambitious plans in retailing. Kearney and the Confederation of Indian Industry (CII). Never mind that Wal Mart $315.6 billion in global sales last year is about the size of the entire Indian retail industry.

But now that Wal Mart plans to enter India, attention is focused on the retail giant India strategy. Wharton professor of marketing Jagmohan Raju says one big challenge Wal Mart will face in India has to do with how it is perceived by consumers. India, the perception is exactly the opposite the bigger store has higher prices; smaller shops can offer lower prices because their overheads are lower. How will Wal Mart positioning of lower prices carry forward in a mindset where customer perceptions of big versus small are so different? Behavior

David Bell, Wharton professor of marketing, says Wal Mart business model is founded on low prices for consumers and squeezing costs out of the system, and customer service with friendly people who greet you. But those, he argues, do not guarantee shopper traffic, as consumer behavior is dramatically different across global markets. Coca Cola might adjust to people preferences in different markets by making its drink sweeter or more effervescent. Or McDonalds could allow people to consume alcohol at its restaurants in France and make hamburgers with rice patties in Japan. there considerably more variation in the way people shop for products than their underlying preference for the products themselves, Bell says. is what makes it more difficult not just for Wal Mart in particular, but for any retailer to be truly global. in consumer preferences that Wal Mart will encounter have to do with simple things like how often people like to go to a store or what motivates them to choose one store over another. local mark pandora rings ets, you have dynamics of retail competition, variations in the frequency with which people like to shop, variation in the kind of products that drive people to the store, variation in the importance of the retail assortment. will crop up in India, too. is purely aesthetic these big boxes look pretty ugly and the practice of having huge buying power can be detrimental to the local economy people who try and compete on price. Thirdly, they are criticized for their employment practices, such as their benefits, and ethnic and gender discrimination in hiring. most immediate challenge could be finding real estate at preferred locations and financing it at the prevailing prices. Biyani says his group bought most of its real estate long before the current price boom. we were to do business at today rates, we have to shut down, he says. Wal Mart model is very real estate hungry pandora rings , says Raju. need a lot of real estate, close to where people live, and have easy access to them. The Wal Mart model also relies on the fact that everything is on display, which requires lots of space. notes that if, as many industry watchers expect, Wal Mart sets up its stores on the outskirts of urban centers, other challenges could emerge. you are going to travel by train, you have to carry your purchases in a bag, and then you buy less, he says. you drive your car there and load it up, Wal Mart should have a place to park all those cars. Some industry experts have argued that the typical Indian consumer does not travel more than 6 km (3.75 miles) or 7 km to shop, and that few suburbanites own cars.

Raju says he expects Wal Mart to adopt a blended model of its traditional format tweaked to fit the reality of Indian real estate. would be stores where you have all the products on display, but you don pick it up and put it in your cart yourself. This would involve something like a handheld computerized device, he says, into which customers enter information about the products they want to buy. They would then collect their purchases at a checkout point at street level and drive away, or have them delivered to their homes.

More blending might be on the way, especially in cultural nuances. Wal Mart recent debacles in Germany and Korea, where it sold out to local retail players and exited, could be wake up calls. In Germany, Wal Mart low price strategy failed to win it a distinctive market position simply because two other well entrenched retailers Aldi and Lidl have been following that strategy for years, says Bell. expatriate executives, many of whom couldn speak German. Thirdly, the Wal Mart strategy of a price service combination with friendly greeters and so forth backfired. greetings and friendliness in stores are viewed by the Germans with a lot of suspicion, says Bell.

Wal Mart also had some lessons to learn in South America a couple of years ago, when it discovered that the design and layout of its stores did not match shopper preferences. South America, shopping for some families is a social or an entertainment driven event, says Bell. have the whole family or the extended family shopping together, so you need much wider aisles. seems like a fundamental thing, but you could never predict that coming from the outside unless you have a local partner. by these experiences, Wal Mart may not face the same problems in India. Bharti, its local partner, is a leader in the mobile phone services industry and must have deep insights into Indian consumer behavior patterns. Even so, there could be surprises, as Biyani Big Bazaar store chain learned the hard way a couple of years ago. The chain had bought 100,000 white cotton shirts, expecting good demand. But sales were slow, and promotional campaigns fell flat. It soon figured out why: The demographic profile of Big Bazaar middle class shoppers meant people who commute in crowded trains and buses and not in air conditioned cars. For them, white shirts are high maintenance hassles, needing frequent laundering. The group eventually liquidated its unsold inventory of white shirts through heavily discounted sales.

Wal Mart legendary success at procuring its supplies at extremely competitive prices has no doubt pleased its customers to whom those savings are passed on, but critics have accused it of compelling its suppliers to survive on very thin margins. Here, Biyani says he works differently. are not like Wal Mart; we believe in a situation of win, win and win, he says. supplier should win, we should win and the customer should win. In Wal Mart strategy, and maybe that of other international retailers, the company wins and the customer wins. Somebody has to lose for those two to win. Future Capital Holdings, a Biyani run private equity firm, last month raised $830 million that it has begun investing as vendor financing in manufacturers of foods, garments and fashion jewelry, among others. Products of these companies get captive shelf space at the Future Group stores.

Raju says existing national brands will need to plan their response to Wal Mart very carefully to ensure that while they get to supply the retail giant, they also don alienate their smaller store buyers. now, Hindustan Lever deals with a lot of small stores. Tomorrow they will be dealing with large buyers like a Wal Mart or Reliance Retail, so the relative power structure of buyers and who is supplying will change. This is a challenge they have faced in developed markets where they deal with the Tescos and Safeways. He expects the national brands in India, such as Hindustan Lever and Procter Gamble, to figure out ways to help small stores with specially tailored services ensure they also thrive and do well. sees bigger benefits flowing to other players in the retail supply chain, such as farmers. like Wal Mart coming to India, I hope, will help farmers because there will be fewer players in the chain, he says. could form cooperatives to supply directly to Wal Mart rather than have to deal with multiple intermediaries. Spoilers

India retail promise must seem tempting, but that outlook tempered by the fact that the country is grappling with severe infrastructure and policy issues, says the CII in the report it produced with A. T. Kearney. chains [distribution chains for perishable items], warehousing and logistics infrastructure will fast become unmanageable challenges for India if proactive action is not taken. It points to policy regimes that vary across states, quality control and the lack of a skilled workforce.

Biyani doesn buy all that, arguing that is a nation of dukaandars (shopkeepers) and that enough retail talent is available. He also dismisses concerns about distribution and logistics infrastructure with a simple, rhetorical question: you [in the recent past] faced a shortage of anything you wanted to buy? Biyani scoffs at Wal Mart logistics and supply chain strengths. will they run their Volvo trucks here? he asks, adding in a lighter vein, will probably have to have bullock carts and handcarts in their supply chain. points out that Wal Mart efficiencies stem from the scale of its purchases, which determines what prices it pays suppliers. are willing to work with them because if they don work with them they lose a big part of the market, he says. The Wal Mart buying center at its Bentonville, Arkansas, headquarters huge, and that why most of the companies vendors have their branch offices in the city where Wal Mart headquarters are located, adds Raju. market] is oversupply, says Martyn Chase, chairman of Donaldson, a London based company that manages 350 retail malls across Europe. mall gets built, and somebody builds a new and bigger mall nearby, so the previous one is killed. He doesn see an immediate threat of that happening in India, but says will get casualties in 10 years when you pandora rings have too many of them. He attended a CII organized two day conference on the retail industry in Mumbai in late November, and is trying to persuade his European retail mall clients to invest in India.

Chase says the way to prevent hemorrhaging and consolidation in the industry is to bring regulatory oversight. need proper regulations governing mall locations, mall size and the like, he says. argues that the underlying dynamics of standalone retail are not attractive. (Pantaloon urban locations put it in a pandora rings different market segment from that of the big box centers Wal Mart might put up on city outskirts.) India, no retailer has made big money so far, says Biyani. (Pantaloon profits last year were 3% of revenues.) money is in the peripheral activities; it never in the retail itself. It the power of retail that gets you the money; it never the transaction that gets you the money.