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McDonald s raises investment in China by 25 to overhaul stores

McDonald s raises investment in China by 25 to overhaul stores McDonald s Corp., the world s largest restaurant company, will increase capital investment in China by 25 percent this year as it overhauls stores and offers free wireless Internet services to woo customers. The Oak ...

Waitrose and M&S top consumer survey of UK supermarkets

Aldi and Lidl beat Tesco and Sainsbury s in Which? survey Aldi and Lidl, the European discount chains, have beaten Tesco and the rest of the major grocery groups in an influential survey to find Britain's best supermarket. The big four supermarket chains Tesco, Sainsbury s, Asda ...

EBay will reduce listing fees and drop some altogether

EBay to cut listing fees in bid to lure sellers EBay Inc. said Tuesday it will cut U.S. listing fees, even dropping them completely in some cases, as part of its ongoing effort to align its revenue with actual sales rather than listings. The new fee structure appeared to be ...

Lotte to acquire Buy the Way for $236 million

Lotte to acquire Buy the Way for $236 million Lotte Group, the operator of 7- Eleven outlets in South Korea, agreed to acquire convenience- store chain Buy the Way from private-equity fund Unitas Capital for 274 billion won ($236 million). Korea Seven Co., more than 50 percent ...

Li & Fung executive expects a slow return of global demand

Global Demand Will Come Back Very Slowly, Li &Fung Says The world faces a slow recovery in demand for goods and services, said William Fung, managing director of Li & Fung Ltd., the biggest supplier of toys and clothes for retailers including Wal-Mart Stores Inc. It seems like ...

Coach to open First Mainland Flagship Store in Shanghai

Coach to open First Mainland Flagship Store in Shanghai The American luxury accessories designer and maker Coach has announced plans to open its first Chinese mainland flagship store in Shanghai in April 2010. Located at the junction of Shanghai's Huaihaizhong road and Songshan ...

Home Depot will trim staff and close 3 test concept stores

Home Depot plans to lay off 1,000 employees as it cuts three pilot programs, according to a report. About 900 of the layoffs will come from consolidating some support functions in human resources, finance and other divisions, the Associated Press reported. The remainder of the ...

Wal-Mart brings back goods as shoppers turn to Lowe s

Wal-Mart brings back goods as shoppers turn to Lowe s Wal-Mart Stores Inc., the world s biggest retailer, is bringing back some products it had removed from shelves last year as shoppers turn to competitors for a wider selection of merchandise. The company met with suppliers ...

Cartier plans expansion in India

In order to cash in on growing brand consciousness, luxury watch maker Cartier plans to expand its distribution network in India, a top company official said here. India is a very important region and its culture is very influential in art and jewellery. The country is very ...

Hugo Boss CEO says end of crisis is near

Hugo Boss CEO says end of crisis is near German premium fashion house Hugo Boss sees growing signs that the fashion industry has turned the corner and expects it to get back to past growth rates from 2011 as well-heeled shoppers splash out again. The end of the crisis is slowly ...

Home Depot is making strides in sustainability

Home Depot making stores, supply chain greener The home improvement retailer with the big orange signs wants its stores to be more green. Atlanta-based The Home Depot Inc. said Thursday it cut its U.S. store energy use by 2.6 billion kilowatt-hours since 2004 and now aims for a ...

FamilyMart to open 100 new stores in Shanghai in 2010

FamilyMart to open 100 new stores in Shanghai in 2010 According to Taiwanese local reports, the Taiwan-based operation of franchise convenience store retailer FamilyMart plans to open at least 100 new stores in Shanghai in 2010. Having focused on the urban areas of Shanghai, ...

Best Buy sees mobile as business opportunity

Why Best Buy loves mobile? I m still digesting Tracy Benson s amazing insight yesterday on retail and mobile. (More on that later.) But here s what I know we want to share right away. Benson, senior director of interactive marketing at Best Buy, began her presentation at the ...

Estee Lauder CEO aims to change way cosmetics are sold

Sales Makeover for Lauder: Show Prices, Offer Options Est e Lauder Cos. CEO Fabrizio Freda, only the second nonfamily member to lead the company since its founding in 1946, would like to change the way department stores sell cosmetics. Mr. Freda wants to woo customers who are ...

Japanese electronics retailer to launch flagship store in China

Yamada Denki to open new store in China Yamada Denki, one of the largest electronics retailers in Japan, is planning to open a flagship store in China. Yamada Denki has signed an agreement with Tianjin government agencies to open a flagship store of about 32,000 square meters in ...

Sainsbury plans to expand product range on Web site

Sainsbury to add electronics, sports gear online, forgo clothes J Sainsbury Plc, the U.K. s third- largest supermarket owner, plans to expand non-food products such as electronics, entertainment and sports equipment on its Web site and won t add clothing for now. There are plenty ...

ASDA insists suppliers pay temporary, permanent staff equally

Asda demands equal pay for temporary staff Thousands of temporary workers in the food industry will win pay equal to that of permanent staff under a deal struck between Asda and Unite, the union. Asda, Britain s second-largest supermarket, heaped pressure on other grocers to ...

Asahi Breweries expands business in China

Asahi Breweries expands business in China Japanese beer manufacturer Asahi Breweries has announced that it plans to become one of the world s top ten food companies, through acquisition and by expanding its business in China. Naoki Izumiya, a senior managing director of Asahi, ...

Seven & I may fall after profit plunges on

Seven & I may fall after profit plunges on Seven & I Holdings Co., the world s largest convenience retailer, may fall in Tokyo trading today after reporting a 57 percent drop in profit. Net income was about 40 billion yen ($449 million) in the year to Feb. 28, less than half the ...

Rose says M&S could expand into telecoms, broadband

M&S says to consider retailing broadband, telecoms Marks & Spencer Group PLC Executive Chairman Sir Stuart Rose Wednesday said the U.K. retailer could consider extending its goods and services offerings into telecommunications and broadband. Asked at a retail conference whether ...
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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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