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Macy's cuts number of store closures from '09

Macy's to close fewer stores than in '09 Macy's Inc., the second-biggest U.S. department-store chain, plans to close five locations in an annual store pruning that is smaller than last year's. Macy's will shutter stores in Boise, Idaho; Waterford, Mich.; St. Ann, Mo.; Missoula, ...

German retailer Metro unveils China plans

German retailer Metro unveils China plans The German retail group Metro said on Monday that it is to open its first Media Markt electronics outlet in China this year, and plans to operate about 100 there within five years. The first store is set to open in Shanghai once Metro ...

Uniqlo's robust sales prompt Fast Retailing to boost outlook

Fast Retailing Raises Forecast as Thermal Wear Boosts Uniqlo Fast Retailing Co., Japan s largest clothing retailer, raised its full-year profit forecast 8.9 percent as demand for Heattech thermal wear and fleece sweaters drives sales at its Uniqlo chain. Net income may be 67.5 ...

10 Sam's Club stores in U.S. to close this month

Sam's Club to close 10 stores, four in California About 1,500 employees will lose their jobs. Closures include stores in Irvine, La Quinta and Vista. Wal-Mart Stores Inc., the world's largest retailer, said Monday that it would close 10 underperforming Sam's Club stores, ...

Carrefour confident about Urumqi, China, market

Carrefour to open new outlets in Urumqi According to Eric Legros, the president of Carrefour China, though business was affected by the riots of July 5, 2009, in Xinjiang, the company is confident about the market of Urumqi and plans to open two or three new supermarkets in the ...

Walgreen hopes to add value with prepared foods

Walgreen to sell prepared meals and fresh foods Walgreen Co. plans to offer fresh foods and prepared meals to draw "time-starved" shoppers to its more than 7,000 stores, taking on other grocers and retailers such as Target Corp. and Kroger Co. The drugstore chain has been talking ...

Bharti-Walmart flagship brand faces opposition

Bharti-Walmart flagship brand faces opposition Wal-Mart Stores Inc., which recently launched several of its global private labels in India, through joint venture Bharti-Walmart Pvt. Ltd, is facing opposition to efforts to register its flagship brand Great Value (GV) here, ...

Carrefour plans to expand and launch online sales in Brazil

Carrefour Plans $1.4 Billion Brazilian Investment Carrefour SA, Europe s biggest retailer, plans to invest 2.5 billion reais ($1.4 billion) in Brazil in the next two years to expand in the north and northeast regions of Latin America s largest economy. The Paris-based retailer ...

Tesco begins new sales strategy to reduce food waste

Tesco begins new sales strategy to reduce food waste The UK s largest retailer has launched the first of its new Buy One, Get One Free Later deals, designed in response to alarming research showing the high levels of food waste. Such is the extent of food waste in the UK that the ...

EBay s Profit Rises Sharply, Aided by Sale of Skype

EBay s profit rises sharply, aided by sale of Skype From: The New York Times EBay earnings soared in the critical fourth quarter, fueled by growth in the PayPal business, the sale of Skype and success in luring more people to its shopping Web sites during the holiday season. EBay...

Target aims for renovation rather than growth

Target to renovate stores, open fewer in 2010 Target, the U.S. second-largest discounter after Wal-Mart, is navigating turbulent economic times by polishing old stores rather than opening many new ones, opening smaller urban stores and looking outside the U.S. for growth. The new ...

South Korean retailer E-Mart will open mall in Shanghai

E-Mart to open Shanghai Mall in time for 2010 World Expo According to E-Mart s Chinese headquarters, the South Korean supermarket retailer plans to open its first shopping mall on Shanghai s Caobao road. This project is reported to be in progress and is expected to be opened ...

Brazil's largest retailer plans to open hundreds of new stores

Brazil retailer CBD to invest $2.8B to 2010 Brazil's largest retailer Companhia Brasileira de Distribuicao (CBD, PCAR5.BR) said Wednesday it will invest 5 billion Brazilian reals ($2.8 billion) over the next few years, mostly to open 300 new stores. CBD also suggested in a ...

Carrefour sees Future in India, may ink JV soon

Carrefour, Europe s biggest retail chain, has agreed with Kishore Biyani of Pantaloon Retail to set up franchisee stores in India after six years of wandering in the world s second-fastest growing nation for partnerships, including with Mukesh Ambani s Reliance Retail and real ...

Parkson to open six new outlets in China this year

Parkson to open six new outlets in China this year Parkson Retail Group, the chain department store brand of Malaysia s Lion Group, has announced that with the increase in consumer expenditure, the company will maintain its planned rate of expansion in the Chinese market at 15%. ...

Tesco opens its first store in Anhui

Tesco opens its first store in Anhui The British retailer Tesco has opened its first hypermarket in China s Anhui province: on Suixi Road in Luyang district, Hefei. Covering a construction area of over 20,000 square meters, Tesco s Suixi road store has been designated as the ...

Carrefour meets profit target

Carrefour meets profit target Carrefour SA, Europe s biggest retailer, met its full-year profit target and named Tesco Plc s James McCann head of its French operations to bolster sales in its home market. Operating profit fell about 16 percent to 2.78 billion euros ($4 billion) ...

McDonalds Plans Free Internet In China

McDonalds plans free Internet in China Having already fed the Chinese market for over 20 years, the international fast food giant McDonald's has now announced plans to update its brand concept and will soon start to provide free wireless Internet services across China. According ...

Russia's X5 reports 23% increase in fourth-quarter sales

X5 Retail Group s Q4 net sales up 23% on year X5 Retail Group, Russia s largest retailer in terms of revenue, said Tuesday that fourth-quarter net retail sales rose 23% year-on-year in ruble terms to 78.56 billion rubles or 11% in U.S. dollar terms to $2.6 billion. The company s ...

South Korea's Lotte may bid for GS Retail assets

Lotte Group says may buy GS Retail units Lotte Group, which operates South Korea's second-largest retailer Lotte Shopping, said it was considering buying GS Retail's department store and discount store operations. From: Reuters "We are reviewing buying them [GS Retail's ...
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Latest World News

china

Bill Gates talks nuclear
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Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

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
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

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
History-making tennis legend Li Na notched the first-ever grand slam ...
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