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E-Mart to open first shopping mall in Shanghai

E-Mart to open first shopping mall in Shanghai South Korean retailer E-Mart will open its first shopping mall, Star Mall Caobao Shopping Mall, in Shanghai on May 25, 2010. E-Mart s one-stop lifestyle and shopping plaza, Star Mall Caobao Shopping Mall integrates a supermarket, ...

Nokia to expand sales network for extended warranty service in China

Nokia to expand sales network for extended warranty service in China The Finnish mobile phone maker Nokia has announced that it will expand its sales network for extended warranty service in China and will offer an additional warranty period of 12 months to Chinese users. ...

Calvin Klein expects China to become its largest Asian market

China to Become Calvin Klein s Biggest Asian Market Calvin Klein, the largest brand owned by Phillips-Van Heusen Corp., expects sales in China to increase as much as 30 percent annually over the next three years, making the nation its biggest Asian market. China is still a very ...

Carrefour announces first wholesale outlet in India

Carrefour announces first wholesale outlet in India French supermarket giant Carrefour, the world's second largest retailer, said Tuesday that it would soon open its first wholesale store in India, without a local partner. Carrefour has been trying to break into India's 500 ...

Tesco is expected to reveal record turnover, global ambitions

Today the high street, tomorrow the world as Tesco reveals big profits Tesco is set to reveal yet another year of record turnover and profits, capping a decade that has seen it nearly treble in size. But rather than look back on ten years of almost unprecedented success, it will ...

Adidas sales in China down 15% in Q1 2010

Adidas sales in China down 15% in Q1 2010 The world's leading sports supplies provider Adidas has published its performance for the first quarter in 2010, stating that its sales in Greater China were EUR198 million, a year-on-year decrease of 15%; and the decrease reached 20% if ...

Wayne's Coffee opens first store in Beijing

Wayne s Coffee opens first store in Beijing Wayne s Coffee, one of the largest cafe chain brands in North Europe, has opened its first Chinese shop at Beijing s Oriental Plaza. Taking the Oriental Plaza store as its first stop, Wayne s Coffee will open two additional stores in ...

IKEA to build $1 bln store in Russia

IKEA to build $1 bln store in Russia Swedish furniture retailer IKEA will invest $1 billion in a shopping centre outside Moscow, a Moscow region minister said, just months after a bribery scandal threatened to derail its growth in Russia. IKEA said in February it had sacked two ...

CFO says Wal-Mart can use acquisitions to enter new markets

Wal-Mart says it can make acquisitions in new markets Wal-Mart Stores Inc., the world s biggest retailer, can use acquisitions to enter new markets as it continues to open stores in countries where it already operates, Chief Financial Officer Tom Schoewe said. We can still ...

Sellers herald PayPal's micropayment plan

PayPal leads the way for processing small-denomination purchases Online and mobile commerce is about to get a shot in the arm. Online payment service PayPal is opening the door to widespread use of credit and debit cards for micropayments -- as small as half a buck and up to ...

Analyst: South Africa's Shoprite is a good target for Wal-Mart

Wal-Mart May Target Shoprite to Expand in Africa, Absa Says Wal-Mart Stores Inc., the world s biggest retailer, may try to buy South Africa s Shoprite Holdings Ltd. should the U.S. company decide to expand into Africa, according to an analyst at Absa Investments. Africa is ...

Japan's Keikaku is ready to expand into India

Keikaku set to enter India with furniture brand The $1.7 billion Japanese retailer Ryohin Keikaku is all set to enter the Indian retail market with its furniture brand Muji. The single brand retailer is scouting for a partner in the retail arena and a fortnight ago a group of ...

China becomes GM's largest single market in the world

China becomes GM s largest single market in the world From: Xinhua President and general manager of General Motors (GM) (China) Investment Co., Ltd Kevin E. Wale stated on April 12 that China has become GM s largest single market across the globe. To continuously maintain the ...

MasterCard to launch e-commerce mall

MasterCard set to open an online shopping mall MasterCard is getting into the predictive online marketing business. Through a new partnership with an Internet company that specializes in personalized shopping, MasterCard is set to introduce a Web shopping mall on Monday that it ...

Facebook plans to enter China

Facebook plans to enter China From: Xinhuanet Popular social networking site Facebook is considering to enter China s internet market, according to Sina.com report last Friday. Facebook spokesman Larry Yu said the Palo Alto social media king is interested in China, just as we are ...

Russia's X5 Retail: New stores helped boost sales

X5 Retail First-Quarter Sales Rise 20% on New Stores X5 Retail Group NV, Russia s largest food retailer, said sales rose 20 percent in the first quarter as it added new stores. Net retail sales increased to 75.8 billion rubles ($2.6 billion) from 63.1 billion rubles in the year...

Hennes & Mauritz to launch first outlet in Turkey

Swedish clothing label H&M to open 1st store in Turkey Swedish clothing company H&M Hennes & Mauritz AB is set to expand its enterprise in Turkey. The label has signed a contract to open its first store in one of the country's biggest shopping centers, Forum Istanbul. The shop is ...

Staples pins growth on service offerings

Staples Focuses On Growing Tech, Services As its core customers emerge from the recession, business is good again at Staples, allowing the company to focus on its growth plans. "Five years from now, we'll be more focused on our delivery business, with a higher mix of technology, ...

Wal-Mart seeks US govt help in getting into Indian retail market

Wal-Mart seeks US govt help in getting into Indian retail market The world's largest retailer Wal-Mart has solicited support from the US government for entering the multi-billion dollar Indian retail market, where foreign investment norms are posing hurdles to its entry. The US...

Jaeger CEO sees online sales rising

Jaeger sales holding firm, online booming From: Reuters Sales at British luxury fashion brand Jaeger have grown strongly, shrugging off recent turmoil in financial markets, helped by a booming online business which is set to double in size over three years. Chief Executive ...
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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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