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Spain's Inditex opens first Zara shop in India

Inditex takes its first Indian steps Zara, the flagship fashion brand of Spain's Inditex group, opens its first Indian shop in the Saket area of Delhi tomorrow. Covering 1,500 square metres in the CityWalk shopping centre, the store will open its doors after a day of festivities ...

Burberry profit tops forecast, steps up expansion

Burberry profit tops forecast, steps up expansion From: Reuters Luxury group Burberry plans to step up expansion, with a focus on emerging markets, e-commerce and menswear, after strong sales of coats and leather goods helped it beat profit forecasts. The 154-year-old British ...

Kingfisher plans to invest aggressively in Russia

Kingfisher plans to invest aggressively in Russia From: Bloomberg Kingfisher Plc, Europe s largest home-improvement retailer, will invest aggressively in Russia, where the market is set to return to growth in the second half, Chief Executive Officer Ian Cheshire said. The London...

ASDA battles back with $1.13 billion acquisition of Netto

Wal-Mart s Asda to Buy U.K. s Netto for $1.13 Billion Wal-Mart Stores Inc. s Asda Group Ltd. agreed to buy Netto s 193 U.K. discount supermarkets for 778 million pounds ($1.13 billion) as it fights to retain its No. 2 position in Britain s food retailing market. The acquisition ...

South Africa's Mr Price is open to acquisitions

Mr Prices looks to buy other apparel, home retailers Clothing and home goods retailer Mr Price was looking to acquire other stores in the apparel and home categories in the country as part of its expansion strategy in the next year. The company, which owns Mr Price Home and ...

Russian food retailer X5 posts profit, positive outlook

X5 Swings to First-Quarter Profit of $78.9 Million After Loss X5 Retail Group NV, Russia s largest food retailer, swung to a profit in the first quarter after a loss a year earlier when the ruble s decline against the dollar led to the revaluation of its debt. Net income totaled ...

Retailing giant Wal-Mart to expand business in China

Retailing giant Wal-Mart to expand business in China From: Xinhua Wal-Mart plans to add 10 million square feet of retailing space in China this year, said a senior executive of the world's largest retailer last Saturday. The plan was disclosed by Scott Price, CEO of Wal-Mart Asia...

JD Sports, M&S, Amazon, John Lewis top e-commerce site rankings

JD Sports is the best UK e-commerce site: study JD Sports, M&S, Amazon and John Lewis are the e-commerce sites that other retailers need to look up to, according to an eDigital benchmark study. In the mystery shopper survey, which looks at the end to end user experience of 49 e...

Billionaire Philip Green Eyes Brazil, China for Topshop Chain

Billionaire Philip Green Eyes Brazil, China for Topshop Chain U.K. retailing billionaire Philip Green will open stores of his Topshop fashion chain in Brazil and China as he looks to new markets to drive growth. I think we ll go to China in the next year after reaching an ...

Home Depot, Lowe's keep eye on Europe's effects on U.S. consumers

Home Depot, Lowe s keep eye on Europe s effects on U.S. consumers From: The Wall Street Journal Home Depot Inc. and Lowe's Cos. haven't been directly affected by the debt crisis in Europe, but executives at the big U.S. home-improvement retailers say they are on the lookout for ...

Lotte Shopping becomes the No. 1 retailer in Asia

New king of the hill in Asia retail world: Lotte Lotte Shopping has vaulted to the top of the Asian retail industry, usurping Japanese giant Aeon to take the No. 1 spot in the region in a list of the world s corporate powerhouses. Forbes, a U.S.-based business publication, ...

H&M same-store sales fall 6 pct in April

H&M same-store sales fall 6 pct in April From: Reuters Swedish fashion giant Hennes & Mauritz reported a worse-than-expected 6 percent fall in same store sales for April on Monday, following a tough comparison year on year and unusually strong sales in March. Last month the ...

India's Bharti to reach 150-store-mark by year-end

India s Bharti to reach 150-store-mark by year-end Bharti Enterprises plans to reach the 150-store-mark by the end of this year by opening 70 new ones, including those run under a unit and the ones run through a joint venture with US's Wal-Mart Stores Inc. It has about 80 stores ...

Carrefour is set to acquire Turkish supermarket chain Ipek

Carrefour eyes Turkish delight In a signal of Carrefour's increased focus on growth markets , the French retailer is set to buy a local supermarket chain in Turkey. Over the past two years, Carrefour has embarked on a number of initiatives to expand in the market. However, with ...

Wal-Mart pledges $2 billion in food and grants to fight hunger

Wal-Mart pledges $2 billion in food and grants to fight hunger Wal-Mart announced plans Wednesday to donate $2 billion over five years to food banks and hunger relief organizations, one of the largest charitable efforts that the nation's largest grocer has undertaken. The ...

International growth helps boost Wal-Mart's Q1 profit

Wal-Mart Profit Rises 10% on International Growth Wal-Mart Stores Inc., the world s largest retailer, said first-quarter profit increased 10 percent as growth in Mexico, Canada and China helped make up for sales declines at U.S. stores. International sales jumped 8.9 percent on a ...

Germany's Karstadt is in negotiations with potential buyer

Karstadt talks with Third Suitor, administrator says Karstadt, the German department-store chain owned by insolvent retailer Arcandor AG, started talks with a third suitor, which is examining the division s books, a spokesman for the bankruptcy administrator said. The potential ...

Marks & Spencer goes mobile with new shopping site

Marks & Spencer launches mobile shopping site Marks & Spencer has launched a version of its website designed specifically for mobile devices. Mobile users can access the website through the original www.marksandspencer.com address without having to download any software or apps. ...

Fast Retailing plans for 1,000 Uniqlo stores in China

Uniqlo plans 1,000 new stores in China From: People s Daily Fast Retailing Co. Ltd. will accelerate its paces in China, and open 1,000 large-scale Uniqlo stores in China in the next decade, said Tadashi Yanai, Fast Retailing s CEO, on May 15. Uniqlo entered China in 2002 and has ...

Dollar stores invest in expansion

Dollar General Makes Bet on Opening More Stores Dollar-store chains, which benefited from the economic downturn as shoppers searched for bigger bargains, are continuing their expansion, making a risky bet as the economy begins to perk up. Dollar General Corp., the largest with ...
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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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