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China's Lianhua Supermarket net profit up 22.8% in H1 2010

China s Lianhua Supermarket net profit up 22.8% in H1 2010 Chinese supermarket and convenience store operator Lianhua has published its semi-annual financial report for the first half of 2010, stating that its net profit increased by 22.8% year-on-year to 326 million and its ...

China Duty Free launches 2 retail stores in airport

China Duty Free Group opens retail outlets in Hangzhou Xiaoshan Airport With the official operation of the new 96,000-square meter terminal building in Hangzhou Xiaoshan Airport, China Duty Free Group announced that its two high-end retail stores in the airport have been launched...

New Japanese brand TVs to be sold in Suning

New Japanese brand TVs to be sold in Suning Japan s leading audio-visual brand Pioneer started selling its LCD color TV products in the Chinese market at the end of last month. Pioneer has selected the Chinese electronics and home appliances retailer Suning as its exclusive ...

China's home appliance retailer Gome's first-half profit up 67 pct

China s home appliance retailer Gome s H1 profit up 67% From: Xinhua China s home appliance retailing giant Gome announced Monday the HK-listed group has seen its pre-tax profit reaching 1.256 billion RMB (185 million U.S. dollars) in the first half of 2010, which represents an ...

Suning reports higher net profit in China

Suning reports higher net profit in China Chinese home appliances retailer Suning has published its semi-annual financial report, stating that due to the incentive policy in China's home appliances industry, its net profit increased by 56.08% year-on-year to 1.974 billion in the ...

China's largest appliance retailer sues founder

Gome sues jailed founder to seek compensation China's biggest appliance retailer is suing its founder and former chairman for damages after he was jailed for bribery and other crimes. Gome Electrical Appliances Holdings Ltd. started legal proceedings on last Thursday against ...

Gome signs LCD sales agreement with Sharp

Gome signs LCD sales agreement with Sharp Chinese electronics and home appliances retailer Gome and Japanese LCD screen maker Sharp have signed a strategic agreement in which Gome eyes sales of CNY6 billion Sharp LCD TVs from July 1 to the end of 2010. This is reportedly Sharp s ...

Lenovo's retail deal focuses on recycling in China

Lenovo s retail deal focuses on recycling in China British retail chain operator Tesco Plc recently announced that it established a partnership with Lenovo Group to develop a green IT project in China. Under the agreement signed between the two sides, Lenovo will collect Tesco s ...

Shandong Yinzuo Group to open 8 new outlets in 2010

Shandong Yinzuo Group to open 8 new outlets in 2010 According to information from the extraordinary general meeting of Shandong Yinzuo Group Company Limited, Yinzuo Weifang, a subsidiary of the group, will acquire the Fortune Plaza Shopping Center project in Weifang for 465.207 ...

Suning plans 10 musical instrument shops in Mainland China

Suning plans 10 musical instrument shops in Mainland China Chinese electronics and home appliances retailer Suning has opened its first MusicVox musical instrument shop in Pudong, Shanghai, marking the beginning of the retailer s development of ten such shops on the Chinese ...

China Resources to acquire a stake in Pacific Coffee

China Resources to build largest coffee retail chain in China China Resources Enterprise Limited has announced that it will invest HKD326.6 million to acquire an 80% stake in Pacific Coffee from Chevalier Pacific Holdings Limited and will further expand the cafe chain's business ...

Gome appoints new retail electronics President for China

Gome appoints new retail electronics President for China Chinese electronics and home appliances retailer Gome has announced that Chen Xiao, chairman and president of Gome, will no longer hold the position of president and the position is now given to Wang Junzhou, former ...

7-Eleven announces plans to add 50 stores in Northern California, USA

7-Eleven says the time is now for big expansion Apparently, there aren't enough places around here to buy a Slurpee or a Big Gulp. (You know, that soda serving large enough to bathe a household pet in Pepsi.) 7-Eleven Inc. recently announced plans to open another 50 new stores in ...

Tesco faces number of crucial tests in 2010

Tesco to grapple with plan to expand From: The Financial Times When Tesco updates the market next week on its Christmas trading, analysts will be looking for signs that a big promotional push in its home market is paying off. But the ferociously competitive UK grocery market is ...

Sinopec Continues To Build Retail Network In China

Sinopec Continues To Build Retail Network In China According to Zuo Xingkai, deputy general manager of Sinopec Chemical Products Sales Company, to date, Sinopec has opened convenience stores in 13,077 of its gas stations, accounting for 44% of its total 29,698 gas stations and ...

Two Chinese dairy producers enter world s top 20

Two Chinese dairy producers enter world s top 20 From: Xinhua Two Chinese dairy producers, Mengniu and Yili, entered the world s top-20 dairy ranking last year, according to an annual report released on Wednesday. Mengniu, with a turnover of 3.77 billion U.S. dollars in 2009, ...

GM reaps strong sales on Chinese market in 2009

GM reaps strong sales on Chinese market in 2009 From: Xinhua Whole year auto sales for the U.S. auto giant General Motors (GM) in the Chinese market topped 1.82 million units, up 66.9 percent from a year earlier, the company said Monday in an annual business report. Bullish sales ...

Wal-Mart plans to cut costs by capitalizing on globalization

Walmart aims to cut supply chain cost From: The Financial Times With annual sales of more than $400bn, Walmart, which owns Asda in the UK, plans to exploit the scale of its buying power. Walmart is launching a drive this year to cut billions of dollars of costs from its supply ...

Seven & I Net Falls as Japan s Lower Wages Cut Sales

Seven & I Net Falls as Japan s Lower Wages Cut Sales Seven & I Holdings Co., the world s biggest convenience-store operator, said nine-month profit slumped 32 percent as lower wages sapped demand for clothes and food in Japan. Net income totaled 69.3 billion yen ($752 million) ...

Metro overtakes Tesco as third-largest retailer in world

Tesco loses place in global top three of retailers Tesco has slipped from third to fourth place in the league table of the world s biggest retailers, The Times has learnt. According to a worldwide study by Deloitte Touche Tohmatsu, the accountants and business advisers, Britain s ...
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china

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China offers inspirations to global dilemmas
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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