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Toyota chief apologizes to Chinese consumers for recalls

Toyota chief apologizes to Chinese consumers for recalls From: China Daily Toyota Motor Corp. President Akio Toyoda bowed at a press conference in Beijing Monday to apologize to Chinese customers for vehicle recalls. I would like to express my sincere apologies as the massive ...

J.C. Penney pushes exclusives to avoid "sea of sameness"

JC Penney to focus on exclusives, sees malls return Department stores must keep ramping up exclusive lines of clothing and accessories if they are to win market share from rivals and thrive in the still sluggish U.S. consumer spending environment, JC Penney Co Inc. Chief ...

Indian supermarket chain D-Mart plans expansion

D-Mart on expansion drive, looks to take leased premises route The retailer has 29 stores in Maharashtra and Gujarat, and is likely to double that number in the next two years. Supermarket chain D-Mart has chalked out aggressive expansion plans for the next two years at a time ...

Li & Fung Acquires U.K. s Visage

Inditex Supplier Li & Fung Acquires U.K. s Visage Li & Fung Ltd., the biggest outsourcer for retailers including Wal-Mart Stores Inc. and Inditex SA s Zara, will buy U.K. clothes maker Visage Group Ltd. to expand in Europe, its fastest-growing market. Li & Fung agreed to pay as ...

Metro denies report about plans to buy M.video

Metro denies report about plans to buy M.video From: Reuters German retailer Metro denied a newspaper report last Friday that its consumer electronics business, Media Saturn, is in talks to buy Russian electronics retailer M.video. Russian daily Kommersant reported, citing ...

Wal-Mart Japan CEO: will actively seek M&A

Wal-Mart Japan CEO: will actively seek M&A The Japanese unit of Wal-Mart Stores, the world s largest retailer, said last Tuesday that it would actively seek opportunities for mergers and acquisitions as a way to grow. Wal-Mart s operations in many countries are expanding through ...

Wal-Mart pressures suppliers in China to raise standards

In China, Wal-Mart presses suppliers on labor, environmental standards From: The Washington Post Benny Fung, the head of Hong Kong-based soap and cosmetics maker Lutex, seems to have an eye for detail. The meeting room at his factory here in southern China is lined with neatly ...

Isetan to open second store in Tianjin

Isetan to open second store in Tianjin According to reports from Japan s Kyodo News, Japanese department store company Isetan Mitsukoshi Holdings has announced plans to open its second outlet in Tianjin at the end of 2010 or in spring of 2011. Isetan entered the Tianjin market in ...

Google announces its China strategy

Google defies China on web Search Giant Stops Censoring Its Results; A Toehold Is in Place in Hong Kong Google Inc. stopped censoring its Web search and news services in China, a risky and dramatic act of defiance that could prove to be a pivotal moment in the history of U.S. ...

Parkson slides on slowest profit growth in 6 years

Parkson slides on slowest profit growth in 6 years Parkson Retail Group Ltd. fell the most in eight months in Hong Kong trading, after the Beijing- based department-store chain posted the slowest profit growth in at least six years, missing analysts estimates. Net income rose 8.3 ...

PayPal plans to resume some services in India this week

PayPal to restore Bank Withdrawal Service in India soon About three weeks ago, eBay s electronic payments daughter PayPal suddenly started blocking personal payments going in or coming out of accounts from Indian customers, resulting in a flood of online complaints from the ...

Van Cleef & Arpels to double number of stores in China

Van Cleef & Arpels to double number of stores in China French jewelry retailer Van Cleef & Arpels has announced that the company plans to make China one of its major markets and it will double the number of its retail stores in China in 2010. Stanislas De Quercize, the chief ...

M&S sets new sustainability target

M&S aims for most sustainable by 2015 From: Reuters Marks & Spencer is to step up its plans to go "green" by opting for more sustainable ingredients and agreeing a living wage for suppliers in its bid to become the world's most sustainable retailer by 2015. M&S said in a ...

Wal-Mart sets up new subsidiary in China

Wal-Mart sets up new subsidiary in China The official website of China's Ministry of Commerce reports that the international retail giant Wal-Mart has set up a new wholly-owned subsidiary in Hebei. This move is reportedly designed to help Wal-Mart's smooth expansion and ...

At Macy's, supplier size matters

Macy's Buying Clout Drives Supplier Consolidation Shirt-Maker Van Heusen's Bid for Tommy Hilfiger Expands Its Portfolio While Raising Its Profile With Department Store Before apparel maker Phillips-Van Heusen Corp. agreed to buy preppy American brand Tommy Hilfiger Corp. the ...

Will Germany's Karstadt find a new owner

Uncertain future for Germany s Karstadt Insolvency administrator seeks buyer by end of April Insolvent department store chain Karstadt will need to find a new owner by the end of April or face a break-up while investors are already positioning themselves to cherry pick. The ...

Fast Retailing looks abroad for sales growth

Fast Retailing s Overseas Sales to Pass Japan on China Growth Fast Retailing Co., Asia s biggest clothing retailer, expects overseas sales to overtake domestic revenue in as soon as four years, driven by expansion of its Uniqlo stores in China and South Korea. Growth will come ...

Home Depot sets spring sales, predicts first revenue rise since 2006

Home Depot offers 2-for-1 petunias, discounts to revive sales Home Depot Inc., the largest U.S. home-improvement retailer, plans to cut prices on petunias and patio furniture starting today to help meet its goal of increasing annual sales for the first time in five years. Home ...

Germany's Metro to restructure cash and carry business

Metro puts firmer grip on cash and carry business German retailer Metro AG is taking its struggling cash and carry business under its wing to cut administrative costs and push expansion of its main sales driver, it said on Tuesday. Metro, the world's third-biggest retailer behind ...

Subway to open at least 35 new outlets in China in 2010

Subway to open at least 35 new outlets in China in 2010 According to Reuters, the U.S. fast-food chain Subway plans to expand the number of its restaurants in China and aims to exceed the total number of McDonald s outlets in China in ten years. Fred DeLuca, the president of ...
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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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