Tag Archives | Wal-Mart

Time to stop making single-use plastic bags?

The past few years have seen an increasing number of countries and major companies moving to ban or reduce the use of plastic bags. Now Austin, state capital of Texas, and the 14th largest US city has voted to introduce criminal penalties for any retailer breaking its new law. ICIS’ Joe Kamalick notes that “the […]

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Tesco says ‘Today is the New Normal’

The world’s leading retailers have been extremely reliable leading indicators for the chemical industry, since the Great Recession began. They were the first, back in July 2007, to highlight the major changes underway in consumer markets. Tesco, the world’s 3rd largest retailer, warned then that they were changing their focus away from more affluent shoppers […]

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Wal-Mart sends a message

The blog is a great believer in the predictive power of the retail sector. Wal-Mart and Tesco were the first to spot the downturn in the summer of 2007, a year before it became obvious to everyone else. Now Wal-Mart’s problems are providing some important messages about how companies need to adjust their strategies to […]

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US consumers focus on needs, not wants

Luxury stores are doing well around the world. The great central bank lending sprees have ensured up-market consumers still have money to spend. But many other parts of the market are struggling, as consumers worry about unemployment. Higher food and energy prices are also reducing their discretionary spend – which, of course, has a direct […]

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Wal-Mart says consumers under “more pressure”

The major retail groups are excellent indicators of future trends in chemical consumption. Since before the Crisis began, consumers have been focusing more on price and value-for money. Now Wal-Mart is reporting that consumers face “more pressure than a year ago“. This suggests that demand destruction is already well underway. And Wal-Mart CEO Mike Duke […]

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Western consumers cut back spending

All is clearly not well with the Western consumer. The stimulus programmes have not given them renewed confidence about the future. Instead, they are focused on the prospect of higher taxes and rising unemployment. Two examples make this mood change very clear: • As the above slide shows, EU auto sales are falling off the […]

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US consumers turn to Dollar stores

Major changes are taking place in US retailing. They echo the changing focus of emerging Asian markets. Taken together, these must have important implications for chemical demand. US retail markets have been evolving over the past 3 years, as the Crisis began to hit, and the baby-boomers moved beyond the peak 25 – 54 age […]

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Baby-Boomers cut spending, start saving

Consumer spending is 70% of US GDP. And because US GDP is so large, this means the US consumer is 17% of global GDP. This is the same as the combined GDP of China and Japan, who rank 2 and 3 after the USA. So a change in US consumer spending matters. And it particularly […]

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Retailers still see challenging times ahead

The blog is a great believer in the forecasting power of the major retailers. The top 3 global companies, Wal-Mart, Carrefour and Tesco all identified a change in consumer buying patterns as early as July 2007, when Tesco warned that “coming down the road is a tougher time“. Worryingly, their most recent comments give no […]

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Carrefour CEO sees “challenging” times ahead

France’s Carrefour is the world’s 2nd largest retailer, with sales of €86bn ($117bn). Reporting 2009 results, CEO Lars Oloffson echoed Wal-Mart’s CEO Mike Duke, saying he saw “challenging” times ahead. And he added that “I don’t see any improvement in the short term in the economic environment. That means very clearly that we have to […]

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