LONDON (Reuters) - A fibre of big-brand U.S. retailers might quell their UK and European expansion plans, deterred by a region's dour consumer opinion and excitability over a maturation emperor debt predicament in a euro zone.
"With a mercantile conditions a lot of retailers are seeking themselves either it's inestimable to enter a UK (market) given that it's really rival and saturated," Robert Gregory, examine executive of consultancy Planet Retail, said.
U.S. retailers to have combined a note of counsel to their UK and Europe skeleton embody homeware retailers Crate & Barrel and Williams-Sonoma, wardrobe tradesman Forever 21, and Victoria's Secret owners Limited Brands, sources said.
The tempering of skeleton is a reversal for a UK sell section that has seen several U.S. retailers aim larger footprints in that country, seeking to replicate a successes of Apple and Abercrombie & Fitch and afterwards entrance Europe.
Crate & Barrel has put a UK skeleton on reason until Europe's debt predicament abates, a initial source informed with a matter said.
Crate & Barrel Chief Executive Barbara Turf told a sell skill discussion on Wednesday a association was "slowing down" a general enlargement plans, though that it hoped to open stores in a UK in a subsequent 3-4 years.
Cushman & Wakefield's conduct of cranky limit retail, Mark Burlton, pronounced U.S. retailers had been increasingly successful and active players in a UK market.
"My instinct would tell me that U.S. retailers have been a biggest takers of space in terms of block feet," Burlton said, citing Forever 21, that non-stop vast stores on London's Oxford Street and in Westfield's Stratford City mall in 2011.
However, their augmenting cautiousness has paralleled a worsening European debt crisis, that has brought shake to a governments of Greece and Italy and has sapped consumer certainty opposite EU countries.
U.S. Treasury Secretary Tim Geithner was in Europe this week to run a region's leaders forward of a pivotal EU Summit on Friday. On Thursday, he pronounced a U.S. and tellurian economy had clever interests in efforts to strengthen a euro.
TENTATIVE STEPS
Analysts design Britain's sell pain to wear as shoppers cut behind on non-essentials and condense spending, ragged down by low salary growth, supervision purgation measures and capricious pursuit prospects.
Against this backcloth, several skill agents told Reuters that some U.S. retailers were sitting out a essential Christmas duration in a UK and Europe, traditionally a busiest selling duration of a year, to see if a New Year brought improved prospects for enlargement to those markets.
Williams-Sonoma, that manages a Pottery Barn furnishing chain, is formulation to open UK stores in 2013, dual other sources told Reuters, contradicting prior reports it would open a initial London store in early 2012. It wanted some-more prominence on how a euro section debt predicament would play out determining to expanding, one of a dual sources said.
Limited Brands, that is opening a initial Victoria's Secret store on New Bond Street subsequent year, might also take longer to hurl out a cosmetics sequence Bath & Body Works into a UK and Europe on identical concerns, a fourth source tighten to a association said.
Forever 21 was also holding a discreet proceed to a European enlargement nonetheless it is still opening stores, a source with believe of a matter said.
Williams-Sonoma and Forever 21 declined to comment. Limited Brands was not immediately accessible for comment.
Burlton pronounced it was doubtful such retailers' cautiousness towards enlargement would final long.
"There's usually a really slight cooling off usually with a euro section crisis, though brands commend now that a usually approach they can get enlargement is by apropos general ... they've no choice though to have to examine new markets," he said.
James Ebel, a executive during sell skill consultancy Harper Dennis Hobbs, pronounced while retailers had taken notice of a euro section crisis, any that were paring behind skeleton were a difference than a norm.
"I'm still receiving utterly a lot of seductiveness from American retailers entrance to a UK," he said. "There hasn't been a time, within a final 10 years, when U.S. retailers have been so meddlesome in entrance to Europe as there is now."
(Reporting by Brenda Goh; Editing by Andrew Macdonald)
News referensi http://news.yahoo.com/u-retailers-trim-europe-plans-regions-debt-woes-131359646.html
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