China Industrial Output, Retail Sales Slow as Property Gains #furniture #retailers


#china retail

#

China Industrial Output, Retail Sales Slow as Property Gains

China’s industrial production and retail sales both slowed in the first two months of the year, highlighting the pressure leaders will face to meet this year’s annual growth target even as the central bank governor said major stimulus wasn’t needed.

Industrial output rose 5.4 percent from a year earlier in January and February, the National Bureau of Statistics said Saturday, compared with the 5.6 percent median estimate of economists surveyed by Bloomberg. Retail sales climbed 10.2 percent from a year earlier, missing the 11 percent projected gain in the survey, while fixed-asset investment exceeded estimates with a 10.2 percent increase.

The reports highlight the choice facing policy makers: step up monetary and fiscal stimulus and build up more debt, or let the nation’s industrial engines slow further while reducing overcapacity in the steel, cement and coal sectors. Steel output fell in the two-month period, while aluminum output tumbled 7.7 percent, Saturday’s reports showed.

“The overall growth profile remains still gloomy,” said Zhou Hao, an economist at Commerzbank AG in Singapore. “The mix of data give us a worrying picture. Activity data remained weak while inflation and property prices are turning around.”

Speaking at a briefing just before the data release, People’s Bank of China Governor Zhou Xiaochuan sought to project an aura of calm about the economy, saying that the government will be able to meet its target of at least 6.5 percent growth over the next five years.

“Excessive monetary policy stimulus isn’t necessary to achieve the target,” Zhou said, reiterating past comments that monetary policy is prudent with a slight easing bias. “If there isn’t any big economic or financial turmoil, we’ll keep prudent monetary policy.”

The industrial output slowdown was due to seasonal factors, an NBS official said in a statement posted on the agency’s website. Weak global demand, deterioration in sectors such as steel and chemicals, and a slump in tobacco output weighed on factory production, the official said.

A bright spot was a pickup in investment in real estate development following stronger sales. The pace accelerated to 3 percent in the first two months from a year earlier compared with a 1 percent increase throughout 2015. The value of property sales in the first two months of this year surged 43.6 percent from a year earlier, while property sales in some mid-sized cities doubled.

Retail sales are still in a double-digit growth range, showing shows there’s no need to panic yet, said James Laurenceson, deputy director for the Australia-China Relations Institute at the University of Technology Sydney.

“Retail sales are struggling under the weight of weaknesses in the rest of the economy,” Laurenceson said. “This increases the pressure on the authorities to present households with a credible economic narrative to bolster the consumer outlook.”

— With assistance by Xiaoqing Pi

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


GK SOFTWARE AG Gains New Customer in Austria – MPREIS Opts for GK #retail #sign


#retail store software

#

GK SOFTWARE AG Gains New Customer in Austria – MPREIS Opts for GK/Retail Store Software

(PresseBox) ( Schöneck. 21.01.2010 ) GK SOFTWARE AG announces an order from the Austrian MPREIS group of companies to provide the store and enterprise solutions for all its approx. 180 stores in Austria and Italy.

The Austrian food retail company MPREIS selected the solutions provided by GK SOFTWARE AG in order to reequip its store IT services. MPREIS focuses on innovative and comprehensive store concepts and concentrates on organic products and regional foods. GK SOFTWARE AG’s continued success in gaining international retailers demonstrates the successful implementation of its internationalization concept with the announcement of the fourth project during the past 18 months.

MPREIS selected a broad range of solutions provided within the GK/Retail suite, including relocating the store servers at its 182 supermarkets to GK’s Enterprise Lean Store Server at its corporate headquarters.

The MPREIS group of companies, headquartered in Völs in the state of Tyrol, has business operations at 182 supermarkets in Austria and Northern Italy. MPREIS distinguishes itself from its competitors by providing a comprehensive range of organic products and local foods from the Alpine region. MPREIS has been awarded several architectural prizes for the innovative design of its supermarkets. Sales at the MPREIS group of companies, which also has its own bakery, meat preparation and sausage production facilities, amounted to EUR 570 million in 2009. The group employs 4,700 members of staff, so making it the fifth largest food retailer in Austria.

About GK Software AG

GK SOFTWARE AG is one of the leading technology developers and providers of standard software for the retail sector in Europe and has an extensive range of products for stores and enterprise headquarters. As a result of its open software solutions in the GK/Retail Suite, which can be used with any platform and is fully programmed in Java, the company has established itself on the market as a leading provider of technology and innovations. The software provides ideal business organization for retail companies with many stores and therefore offers significant potential for cost savings and customer loyalty programs so that companies can increase their competitiveness.

The company employs 277 members of staff (figures for 31 September 2009) at company headquarters in Schöneck and four other business locations in Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can list wellknown German and foreign retail companies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Marken- Discount and Tchibo. The software is currently being used in 26 countries at 68,000 POS units in more than 18,000 stores in Germany and abroad.

The company has grown rapidly during the past few years and its sales revenues totalled EUR 15.0 million in 2008. GK SOFTWARE AG achieved EBIT of EUR 2.8 million (EBIT margin of 18.5% on total operating revenue). The two founders and Management Board members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction with the Management Board members Ronald Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable company with strong growth since 1990.

Further information about the company: www.gk-software.de.

Press releases you might also be interested in


As Plus-Size Fashion Gains Popularity, Retailers Play Catch-Up #music #retailers


#plus size retailers

#

As Plus-Size Fashion Gains Popularity, Retailers Play Catch-Up

Originally published on July 9, 2015 8:30 am

If you’re a woman of a certain size, shopping for clothes can be a downer. Even though the average American woman is around a size 14, most department store racks are devoted to smaller bodies.

But that could be changing.

Plus-size actor Melissa McCarthy is about to launch her own clothing line. Another full-figured actor, Rebel Wilson, is designing one, too. Meghan Trainor’s smash hit “All About That Bass” is all about having more to love, and People magazine made headlines when it recently put size 22 model Tess Holliday on the cover.

There’s a plus-size movement afoot.

“We want more options in clothing and we want more representation of body types in the media,” Holliday said in an interview with NPR’s Here Now. “And I think it would be silly for major designers to not really care about the plus-size consumer, because we have money to spend.”

On a recent afternoon, there was plenty of foot traffic at Torrid in Gaithersburg, Md. It’s a chain known for offering the latest styles in plus sizes. Full-figured mannequins display lacy tank tops, fitted dresses with bold prints and bright colors, and even skinny jeans.

Aviva Copaken, 29, was at Torrid shopping for a new bathing suit. She said it’s the only place she likes to shop.

“It’s got really cute clothes that fit me, and I can just go do what I need to do, pick what I need to pick. And it’s great. It makes me feel normal,” she says.

Shopping just about everywhere else, she says, is exasperating.

“There’s nothing, basically,” she says. “I have no choices, and you feel like a minority.”

And yet she’s not.

“The industry has done a disservice to themselves by not offering some of those great choices for the plus-size consumer,” says Marshal Cohen, NPD retail analyst.

Despite the positive images of full-figured women in popular culture — fashion models, respected movie and TV stars — retail has generally not caught up. Cohen says major clothing stores aren’t eager to make a serious commitment to the plus-size market because it isn’t growing.

“Until the plus-size business grows at a rate greater than its current growth of 2 percent, they are going to wait. And that means that plus size is going to have to accelerate its growth rate closer to 4 and even 5 percent before the retailers are really going to embrace this,” Cohen says.

That neglect has been a gift for those apparel companies, like Torrid, that do embrace plus-size women.

Liz Munoz, senior vice president of design for Torrid, says that when she was growing up, she never found clothes she wanted to wear at the mall, so she learned to both design and sew them herself. Now she’s getting paid to do it.

“I have the very bad retailers and plus size when I was growing up to thank for my career,” she says. “We don’t make tentlike muumuus, which is what I had to face when I was growing up.”

Even veteran plus-size retailer Lane Bryant is trying to be more fashionable. Vogue contributing editor Andre Leon Talley says he was thrilled to see the award-winning designer Isabel Toledo create a range of sophisticated garments for Lane Bryant.

“Trench coats, capri pants, fluid dressing, cocktail dresses that were absolutely wonderful — and it’s on point. It’s anything done for a person who would be wearing a size 8. And I think that probably has taken Lane Bryant in a new direction for its customer,” Talley says.

Many people reading this story might be thinking that a plus-size movement is not a good thing, given all of the very real health concerns around obesity. But Torrid senior designer Munoz says that’s a separate issue.

“We’re not here to encourage people to be bigger. We’re not here to encourage people to be overweight. I think we are addressing the reality of what is going on in our world,” Munoz says.

Online shopping tends to be how most plus-size consumers answer that perennial question: What should I wear? Sites like ModCloth and Simply Be offer more items in more sizes. Analyst Marshal Cohen says even the large department stores have more offerings on their websites than they do on the racks. For a lot of Americans, he says, in-store shopping is not a positive experience.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.


China Industrial Output, Retail Sales Slow as Property Gains #online #shopping #discount #codes


#china retail

#

China Industrial Output, Retail Sales Slow as Property Gains

China’s industrial production and retail sales both slowed in the first two months of the year, highlighting the pressure leaders will face to meet this year’s annual growth target even as the central bank governor said major stimulus wasn’t needed.

Industrial output rose 5.4 percent from a year earlier in January and February, the National Bureau of Statistics said Saturday, compared with the 5.6 percent median estimate of economists surveyed by Bloomberg. Retail sales climbed 10.2 percent from a year earlier, missing the 11 percent projected gain in the survey, while fixed-asset investment exceeded estimates with a 10.2 percent increase.

The reports highlight the choice facing policy makers: step up monetary and fiscal stimulus and build up more debt, or let the nation’s industrial engines slow further while reducing overcapacity in the steel, cement and coal sectors. Steel output fell in the two-month period, while aluminum output tumbled 7.7 percent, Saturday’s reports showed.

“The overall growth profile remains still gloomy,” said Zhou Hao, an economist at Commerzbank AG in Singapore. “The mix of data give us a worrying picture. Activity data remained weak while inflation and property prices are turning around.”

Speaking at a briefing just before the data release, People’s Bank of China Governor Zhou Xiaochuan sought to project an aura of calm about the economy, saying that the government will be able to meet its target of at least 6.5 percent growth over the next five years.

“Excessive monetary policy stimulus isn’t necessary to achieve the target,” Zhou said, reiterating past comments that monetary policy is prudent with a slight easing bias. “If there isn’t any big economic or financial turmoil, we’ll keep prudent monetary policy.”

The industrial output slowdown was due to seasonal factors, an NBS official said in a statement posted on the agency’s website. Weak global demand, deterioration in sectors such as steel and chemicals, and a slump in tobacco output weighed on factory production, the official said.

A bright spot was a pickup in investment in real estate development following stronger sales. The pace accelerated to 3 percent in the first two months from a year earlier compared with a 1 percent increase throughout 2015. The value of property sales in the first two months of this year surged 43.6 percent from a year earlier, while property sales in some mid-sized cities doubled.

Retail sales are still in a double-digit growth range, showing shows there’s no need to panic yet, said James Laurenceson, deputy director for the Australia-China Relations Institute at the University of Technology Sydney.

“Retail sales are struggling under the weight of weaknesses in the rest of the economy,” Laurenceson said. “This increases the pressure on the authorities to present households with a credible economic narrative to bolster the consumer outlook.”

— With assistance by Xiaoqing Pi

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


GK SOFTWARE AG Gains New Customer in Austria – MPREIS Opts for GK #retail #job


#retail store software

#

GK SOFTWARE AG Gains New Customer in Austria – MPREIS Opts for GK/Retail Store Software

(PresseBox) ( Schöneck. 21.01.2010 ) GK SOFTWARE AG announces an order from the Austrian MPREIS group of companies to provide the store and enterprise solutions for all its approx. 180 stores in Austria and Italy.

The Austrian food retail company MPREIS selected the solutions provided by GK SOFTWARE AG in order to reequip its store IT services. MPREIS focuses on innovative and comprehensive store concepts and concentrates on organic products and regional foods. GK SOFTWARE AG’s continued success in gaining international retailers demonstrates the successful implementation of its internationalization concept with the announcement of the fourth project during the past 18 months.

MPREIS selected a broad range of solutions provided within the GK/Retail suite, including relocating the store servers at its 182 supermarkets to GK’s Enterprise Lean Store Server at its corporate headquarters.

The MPREIS group of companies, headquartered in Völs in the state of Tyrol, has business operations at 182 supermarkets in Austria and Northern Italy. MPREIS distinguishes itself from its competitors by providing a comprehensive range of organic products and local foods from the Alpine region. MPREIS has been awarded several architectural prizes for the innovative design of its supermarkets. Sales at the MPREIS group of companies, which also has its own bakery, meat preparation and sausage production facilities, amounted to EUR 570 million in 2009. The group employs 4,700 members of staff, so making it the fifth largest food retailer in Austria.

About GK Software AG

GK SOFTWARE AG is one of the leading technology developers and providers of standard software for the retail sector in Europe and has an extensive range of products for stores and enterprise headquarters. As a result of its open software solutions in the GK/Retail Suite, which can be used with any platform and is fully programmed in Java, the company has established itself on the market as a leading provider of technology and innovations. The software provides ideal business organization for retail companies with many stores and therefore offers significant potential for cost savings and customer loyalty programs so that companies can increase their competitiveness.

The company employs 277 members of staff (figures for 31 September 2009) at company headquarters in Schöneck and four other business locations in Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can list wellknown German and foreign retail companies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Marken- Discount and Tchibo. The software is currently being used in 26 countries at 68,000 POS units in more than 18,000 stores in Germany and abroad.

The company has grown rapidly during the past few years and its sales revenues totalled EUR 15.0 million in 2008. GK SOFTWARE AG achieved EBIT of EUR 2.8 million (EBIT margin of 18.5% on total operating revenue). The two founders and Management Board members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction with the Management Board members Ronald Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable company with strong growth since 1990.

Further information about the company: www.gk-software.de.

Press releases you might also be interested in


As Plus-Size Fashion Gains Popularity, Retailers Play Catch-Up #retail #store #lighting


#plus size retailers

#

As Plus-Size Fashion Gains Popularity, Retailers Play Catch-Up

Originally published on July 9, 2015 8:30 am

If you’re a woman of a certain size, shopping for clothes can be a downer. Even though the average American woman is around a size 14, most department store racks are devoted to smaller bodies.

But that could be changing.

Plus-size actor Melissa McCarthy is about to launch her own clothing line. Another full-figured actor, Rebel Wilson, is designing one, too. Meghan Trainor’s smash hit “All About That Bass” is all about having more to love, and People magazine made headlines when it recently put size 22 model Tess Holliday on the cover.

There’s a plus-size movement afoot.

“We want more options in clothing and we want more representation of body types in the media,” Holliday said in an interview with NPR’s Here Now. “And I think it would be silly for major designers to not really care about the plus-size consumer, because we have money to spend.”

On a recent afternoon, there was plenty of foot traffic at Torrid in Gaithersburg, Md. It’s a chain known for offering the latest styles in plus sizes. Full-figured mannequins display lacy tank tops, fitted dresses with bold prints and bright colors, and even skinny jeans.

Aviva Copaken, 29, was at Torrid shopping for a new bathing suit. She said it’s the only place she likes to shop.

“It’s got really cute clothes that fit me, and I can just go do what I need to do, pick what I need to pick. And it’s great. It makes me feel normal,” she says.

Shopping just about everywhere else, she says, is exasperating.

“There’s nothing, basically,” she says. “I have no choices, and you feel like a minority.”

And yet she’s not.

“The industry has done a disservice to themselves by not offering some of those great choices for the plus-size consumer,” says Marshal Cohen, NPD retail analyst.

Despite the positive images of full-figured women in popular culture — fashion models, respected movie and TV stars — retail has generally not caught up. Cohen says major clothing stores aren’t eager to make a serious commitment to the plus-size market because it isn’t growing.

“Until the plus-size business grows at a rate greater than its current growth of 2 percent, they are going to wait. And that means that plus size is going to have to accelerate its growth rate closer to 4 and even 5 percent before the retailers are really going to embrace this,” Cohen says.

That neglect has been a gift for those apparel companies, like Torrid, that do embrace plus-size women.

Liz Munoz, senior vice president of design for Torrid, says that when she was growing up, she never found clothes she wanted to wear at the mall, so she learned to both design and sew them herself. Now she’s getting paid to do it.

“I have the very bad retailers and plus size when I was growing up to thank for my career,” she says. “We don’t make tentlike muumuus, which is what I had to face when I was growing up.”

Even veteran plus-size retailer Lane Bryant is trying to be more fashionable. Vogue contributing editor Andre Leon Talley says he was thrilled to see the award-winning designer Isabel Toledo create a range of sophisticated garments for Lane Bryant.

“Trench coats, capri pants, fluid dressing, cocktail dresses that were absolutely wonderful — and it’s on point. It’s anything done for a person who would be wearing a size 8. And I think that probably has taken Lane Bryant in a new direction for its customer,” Talley says.

Many people reading this story might be thinking that a plus-size movement is not a good thing, given all of the very real health concerns around obesity. But Torrid senior designer Munoz says that’s a separate issue.

“We’re not here to encourage people to be bigger. We’re not here to encourage people to be overweight. I think we are addressing the reality of what is going on in our world,” Munoz says.

Online shopping tends to be how most plus-size consumers answer that perennial question: What should I wear? Sites like ModCloth and Simply Be offer more items in more sizes. Analyst Marshal Cohen says even the large department stores have more offerings on their websites than they do on the racks. For a lot of Americans, he says, in-store shopping is not a positive experience.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.