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Macy's mining for established fashion labels

Macy s on the hunt for more fashion brands In a first for the behemoth retail chain, Macy s plans to host an event targeting established apparel brands that do not currently do business with the department store. Department store Macy s is taking a fashion cue from its upscale ...

New World to open up to 6 stores in China on demand

New World to open up to 6 stores in China on demand New World Department Store China Ltd., controlled by Hong Kong billionaire Cheng Yu-tung, will open as many as six stores in China this year to benefit more from the stimulus program driving the nation s growth. The retail arm ...

Tesco targets China with new Lifespace shopping centre developments

Tesco targets China with new Lifespace shopping centre developments Tesco has continued its assault on China with the opening of a 30,000 sq m "Lifespace" shopping centre in Qingdao. The retailer last Saturday unveiled the first of 23 planned Chinese "freehold malls" several will ...

Tesco has strongest Christmas sales for three years

Tesco has strongest Christmas sales for three years The UK's biggest retailer, Tesco, has said it enjoyed its best Christmas performance for three years, after seeing a "strong" rise in sales. UK like-for-like sales - which do not include new store openings - excluding petrol and ...

Wesfarmers becomes fourth-biggest retailer in Asia-Pacific

Wesfarmers one of world s fastest-growing retailers WESFARMERS five-year growth surge and its acquisition of the Coles Group saw it become the Asia-Pacific's fourth-largest retailer by sales last year. Wesfarmers was the world's second fastest-growing retailer from 2003 to June ...

Carrefour to Cut 1,672 Belgian Jobs, Shut Stores

Carrefour to Cut 1,672 Belgian Jobs, Shut Stores Carrefour SA, Europe s largest retailer, plans to eliminate 11 percent of its staff in Belgium, shutter or sell 41 of its 627 stores in the country and cut wages to restore profit following five years of declining sales. Carrefour ...

Target CEO discusses plans, strategy for India

Target India is a long-term strategic asset Target Corporation, the second-largest discount retailer in the US after Wal-Mart, sees its Indian operations as a vital cog in the profound shifts taking place in its global expansion. Though the $64-billion company maintains an India ...

Sainsbury's selling milk in a bag to reduce packaging

Sainsbury s is to start selling milk in a bag in all of its supermarkets in an attempt to cut down on plastic packaging. Instead of picking up their milk in a plastic bottle, customers will be encouraged to pop a bag of the liquid into their trolley. Using 75 per cent less ...

Dollar General Looks for Big Growth This Year

Dollar General Looks for Big Growth This Year When the economy took a downward turn, consumers began shopping in dollar stores in greater numbers than ever before. Now, as the economy begins to improve, many chains are looking to solidify past gains and create new opportunities ...

Wal-Mart seeks to open Latin America outlets

Wal-Mart plans Latin American acquisitions, Regional CEO Says Wal-Mart Stores Inc., the world s largest retailer, plans to make acquisitions and open new outlets in Latin America, said Eduardo Solorzano, president and chief executive officer of the region. I don t believe there ...

Esprit plans online sales system as retailer expands in China

Esprit plans online sales system as retailer expands in China Esprit Holdings Ltd., the biggest Hong Kong-listed clothier, may set up an online sales network in China as it pushes expansion in the world s most populous nation, where it says margins are similar to those in Europe. ...

Big gains in online transactions help fuel Macy's sales

Online sales fuel Macy s gains Macy s Inc., which has eight Washington area Macy s locations and three local Bloomingdale s, saw a jump in January sales, helped by a big gain in online transactions. The Cincinnati-based retailer says same store sales rose 3.4 percent in January ...

Calvin Klein to focus on Chinese market in 2010

Calvin Klein to focus on Chinese market in 2010 American fashion brand Calvin Klein has announced plans to open 60 new chain stores in Asia in 2010, mainly targeting its expansion in the Chinese market. According to reports from Singapore's Channel News Asia, Calvin Klein s ...

Taiwan's Hola to open new stores in Mainland China in 2010

Taiwan s Hola to open new stores in Mainland China in 2010 Taiwanese decoration supplies company Hola has announced the opening of two new stores in mainland China at the beginning of 2010: the Suzhou Jinji Lake Hola store and the Hola Yueda 889 store. With the opening of these ...

Hermes ups its 2009 profit forecast

Hermes ups its 2009 profit forecast From: Reuters French luxury group Hermes on Friday raised its own profit expectations for 2009 after posting forecast-beating full-year sales on the back of strong Christmas trading. The world's second biggest luxury goods maker after LVMH LVHM...

LVMH reports increase in demand for luxury goods

Demand rises for LVMH luxury items LVMH, the world s biggest luxury goods group by sales, provided further evidence of a recovery in the industry on Thursday as it reported demand for expensive watches, bags and clothes accelerated towards the end of last year. Bernard Arnault, ...

Metro opens new store in Beijing

Metro opens new store in Beijing German retail giant Metro has opened a new outlet in Beijing s Chaoyang district and this outlet is reported to be the retailer s first store to open in Asia in 2010. Tino Zeiske, the president of Metro China, said that China will be Metro s ...

Tesco refers shoppers to smaller shops

Tesco refers shoppers to smaller shops One of the first rules of success in retailing (and life, for that matter) is that you simply can t be all things to all people. That principle, however, has not kept numerous small shops in various categories from going out of business as ...

Wal-Mart sells World Expo products in Shanghai

Wal-Mart sells World Expo products in Shanghai As the cooperative partner of USA Pavilion at the 2010 Shanghai World Expo, Wal-Mart has started to sell World Expo related licensed products in its Nanpu Bridge store in Shanghai. To promote the Shanghai World Expo and to meet ...

Wal-Mart makes organizational moves to raise efficiency

Wal-Mart makes organizational moves to raise efficiency From: Reuters Wal-Mart Stores, the world s biggest retailer, is consolidating some operations in the United States while dividing the country into three regions with separate presidents. The company is looking to more ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
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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