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Wal-Mart to launch e-commerce business in China

Wal-Mart to launch e-commerce business in China According to reports in the Financial Times, Wal-Mart, the world s largest retailer, plans to launch e-commerce businesses in China and Japan, and it is currently establishing the technology platform. The reports say that Wal-Mart s ...

South Korea's Lotte Shopping plans overseas expansion

Lotte Shopping aims for overseas growth, adding 30 more stores Lotte Shopping Co., South Korea s biggest department-store chain, said it plans to increase its overseas outlets to about 32 from two because growth potential is greater abroad than at home. The Seoul-based retailer ...

Shoppers emerging with Best Buy sales signal revival

Shoppers emerging with Best Buy sales signal revival Companies from Saks Inc. to Best Buy Co. are growing more confident that the recent revival of consumer spending is more than just a blip. New-York based Saks is moving from defense to offense, selectively rebuilding inventory ...

Groceries are a fast-growing segment of Wal-Mart sales

Wal-Mart's Grocery Sales Expand Wal-Mart Stores Inc. for the first time has drawn more than half its annual U.S. sales from groceries, as the retailer's aggressive push in food and other consumables is paying off. Groceries accounted for 51% of Wal-Mart's $258.2 billion in U.S. ...

IKEA to build its largest outlet in Canada

IKEA to go ahead with new store in Canada Ikea is picking up its hex keys to assemble a long-awaited new Ottawa store that will be the Swedish retailer's largest outlet in Canada. The two-storey, 398,000-square-foot Ikea will open in late 2011 in the west-end Pinecrest Mall and ...

Best Buy to battle DSG International with launch of UK stores

Best Buy to battle DSG International with launch of UK stores US electronics retailer Best Buy is preparing to launch five stores in the UK as it looks to battle Currys owner DSG International. Best Buy, the US consumer electronics retailer, will today reveal details of its ...

France's Auchan emerges as No. 2 retailer in Russia

Auchan revealed as No. 2 retailer in Russia Auchan s revenue figures put it second only to X5 on the Russian market. French retailer Auchan, which hasn't revealed its financial success in Russia, was forced to do so in a court battle with tax officials. It turned out that, by ...

Walgreen: We have FTC green light

Walgreen says FTC clears Duane Reade purchase The Illinois-based drugstore chain says the deal to buy 257 Duane Reade stores in the New York metro area will close in a few weeks. Walgreen Co. said Tuesday that the Federal Trade Commission has cleared its acquisition of New York ...

H&M CEO expresses interest in Brazil and Argentina

H&M Examining Latin America, Australia for Openings Hennes & Mauritz AB, Europe s second- largest clothing retailer, is looking at opening its first store in the southern hemisphere to tap emerging-market growth and catch up with larger rival Inditex SA. Brazil and Argentina are ...

A peek at Costco's success secrets

Inside Costco: Secrets of America s Favorite Stores Ever wish you could belong to the same private club as Pamela Anderson, Jimmy Kimmel and Martha Stewart? If you're one of the 55 million members of Costco, you already do. From celebrities the average American family, it seems ...

Best Buy's shift to must-buy

Best Buy s shift to must-buy The retailer said consumers now see its products as necessities, not luxuries, and that helped its fourth quarter exceed forecasts. Consumers' hunger for laptops and flat-panel televisions helped to lift profit at Best Buy Co. Inc. by nearly 37 ...

Gap enters Australian market with Melbourne franchise

Gap enters Australian market with Melbourne franchise Gap Inc., the operator of more than 3,100 clothing stores, will start a push into the Australian retail market with a franchise in Melbourne this year. The retailer will work with Brand Republic Pty Ltd., a unit of Busby ...

Baidu is expected to grab Google searchers in China

Baidu rocks as Google retreats, but upside priced in Chinese search engine expected to win as much as half of Google China s search revenue Top Chinese search engine Baidu Inc. could see its sales rise by more than half this year if Google s high-profile battle with Beijing ...

Denmark s JYSK to open first outlet in China

Denmark s JYSK to open first outlet in China According to reports in local media, following the launch of its Chinese headquarters in the Yangpu district of Shanghai in May 2009, the North European home supplies provider JYSK has decided to open its first Chinese store in the ...

J Sainsbury prepares for price war

J Sainsbury records lowest sales growth in five years J Sainsbury is arming itself for a price war as the supermarkets battle it out for the custom of cash-strapped consumers. Britain s third-largest supermarket reported its lowest sales growth in five years and warned that lower ...

Carrefour leads the way into postwar Iraq

Carrefour leads the way into postwar Iraq Carrefour is set to become the first multinational retailer to enter the Iraqi market since the war. The world s second-largest retailer will open a two-storey store in Iraq s Kurdish north in September. Although Iraq has attracted ...

Macy's, Best Buy make use of mobile apps

U.S. retailers reach out on cellphones Software Apps Provide Shoppers With Rewards to Help Lure Them Into Stores Thanks to Internet-equipped smartphones, shoppers are increasingly using software applications to check prices at other stores without leaving the mall. Now retailers ...

UK's Tesco expects to open first store in India by year-end

British retail giant Tesco, which today posted a robust annual profit of 3.18 billion pounds, expects to open its first cash-and-carry store in India by the end of this year. Tesco recorded a 10.4 per cent jump in profit before tax at 3.18 billion pounds for the year-ended ...

Japan's Plenus to open Bento chain stores in China

Japan s Plenus to open Bento chain stores in China Plenus, the operator of the Japanese Hotto Motto chain of bento stores, has announced plans to enter the Chinese market. The company is reported to be planning to set up joint ventures with local food enterprises and will open ...

PayPal program pays back best customers

New PayPal Program Rewards Top Customers PayPal launched a program for its top customer this month. "The purpose of PayPal Top Customer program is to thank and recognize our very best customers with special benefits, such as early access to deals, product launches and enhancement...
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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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