International retail divestment activity

Purpose – The research presented here initiates the process of the detailed analysis of international retail divestment activity through the identification of the volume of global divestment activity and the characteristics of that activity during the timeframe of 1987-2003. Design/methodology/approach – The methodology followed here is essentially historical in nature and draws on a wide range of contemporary periodicals, reports and other sources. Findings – The paper reports findings on: the form and extent of divestment activity; the year of divestment; divestment by retail sub-sector; divested chain size; length of time spent in the market of divestment; divestment by retail sub-sector; and the market of origin of divesting retailer. Originality/value – This paper provides an initial indication of the volume and nature of international retail divestment in the period considered. Such material has not been available previously. International retailing research has primarily focused on the internationalisation process rather than retail divestment from international markets. However, divestment from international markets is an issue of increasing importance within the competitive global environment. Previously research into retail divestment has focused on individual company experience. For the first time, the research presented here attempts to build a picture of the scale and dimensions of international retail withdrawal. The paper shows that patterns of international divestment are discernible.