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Wal-Mart looks at many partners for Russia entry

Wal-Mart looks at many partners for Russia entry From: Reuters Wal-Mart Stores Inc has talked with several potential partners in Russia, but continues to search for the best way to enter the country, the retailer's international chief said last Thursday. Walmart executives have ...

Ahold profit up 46 , but says environment remains challenging

Ahold profit up 46%, but says environment remains challenging Dutch retailer Koninklijke Ahold NV (AH.AE) Thursday posted a 46% rise in first quarter net profit, mainly due to changes in its estimates for provisions for its former subsidies, but said its markets continue to be ...

Wal-Mart CEO: Growth doesn't lie merely in bricks and mortar

Wal-Mart s Chief pledges to pick up the pace online Wal-Mart Stores Inc. plans to communicate its low-price message more aggressively online as retailing enters "a new era of price transparency," Chief Executive Mike Duke said Friday during the retail behemoth's annual annual ...

Column Revival of M&S continues but faces big challenges

M&S revival is a work in progress Arrogance, introspection and standing still. Yes, Sir Stuart Rose's indictment of Marks & Spencer's performance in the five years before his return was fair. So all hail Sir Stuart the Saviour? That seemed to be the stage manager's script for ...

Burberry reports 27% surge in quarterly sales

Burberry Sales Rise 27% on Asia, Beating Estimates Burberry Group Plc, the U.K. s largest luxury retailer, posted a 27 percent gain in first- quarter sales, beating analysts estimates, led by growth in Asia and deliveries to wholesale customers. Revenue in the three months ended ...

Inditex moves forward with South Africa and Australia expansion

Spain s Inditex says to expand in Australia, South Africa Spain's Inditex, Europe's largest clothing retailer, said Tuesday it would move into Australia and South Africa next year as the Zara owner pushes ahead with its aggressive international expansion. The decision to enter ...

The Style Merchants plans to open 50 outlets in China

The Style Merchants to widen fashion footprint in China Singaporean Mainboard-listed fashion retailer, The Style Merchants, formerly known as Netelusion, says it plans to widen its fashion footprint in China by another 50 outlets over the next 12 months. The Style Merchants is ...

SONY Recalls Products In China

SONY Recalls Products In China Japanese electronics giant Sony Corporation is recalling 55,362 VPCF11 series and VPCCW2 series laptop computers under its Vaio brand in mainland China due to overheating problems, the country's quality watchdog said last week. The affected laptops ...

Best Buy sees success in sustainability

Reduced energy use key to Best Buy s sustainability efforts Best Buy reduced greenhouse gas emissions in its U.S. store operations by 14.8% in fiscal 2010, compared with its 2005 baseline, according to the company s 2010 Sustainability Report. In total, the chain said it had ...

7 new deals signal shift for Li & Fung

Li & Fung Signs Seven Deals Blue-chip consumer-goods trading firm Li & Fung Ltd. said Thursday it signed seven deals, including three acquisitions totaling around US$140 million, in the past few months. The company, which sources products for U.S. clients such as Wal-Mart Stores ...

Alibaba CEO discusses future of e-commerce

Alibaba CEO on Acquisition of Vendio, Social Commerce, Product Sourcing Alibaba is a huge force in global, business-to-business ecommerce. The company is based in China and it links millions of wholesale suppliers with businesses that resell those products. The company has ...

Carrefour to sell fringe Asian stores

Carrefour to sell fringe Asian stores Carrefour, the world s biggest supermarkets group after Wal-Mart of the US, is planning to sell its operations in Malaysia, Thailand and Singapore to focus on countries in which it is market leader. The retailer would not comment on the ...

Marks & Spencer CEO: Sales are up but we remain cautious

Marks & Spencer boss cautious despite better than expected sales increase Chief executive Marc Bolland wary of consumer reaction to budget as he announces figures ahead of next wee s AGM Marks & Spencer saw sales increase over the last three months, helped by celebrity endorsemen...

Japan's Aeon more than doubles its Q1 profit

Aeon says Q1 profit more than doubled, keeps outlook Q1 op profit more than doubles, keeps full-year forecast Japan's second-largest retailer Aeon Co Ltd more than doubled its operating profit in the first quarter, buoyed by cost-cutting efforts, and stuck to its full-year ...

Best Buy to focus on strategic international operations

Best Buy Official Reiterates FY11 EPS View $3.45-$3.60 Best Buy Co. reiterated its two-week-old guidance for fiscal 2011 earnings in the range of $3.45 a share to $3.60 a share. During a presentation at an Oppenheimer-sponsored conference in Boston Wednesday, the company also ...

Marks & Spencer plans to bolster presence in India

Marks and Spencer to open 50 stores in India in 3 years British high street retailer Marks and Spencer (M&S) is to more than double its retail presence in India, targeting 50 stores in the next three years. M&S currently operates 17 stores in India through a joint venture with ...

Japan's Laox looks to ramp up expansion plans

Japan s Laox eyes more stores to fuel growth * Eyes expansion beyond two large outlets already planned * Does not rule out new share issue as option for funding * Relaxed visa requirement and stronger yuan to help growth Laox, a Japanese electronics retailer controlled by China's ...

Li & Fung aims higher on the fashion food chain

Billionaire Brothers Looking To Move Up Li & Fung go beyond outsourcing. Victor Fung and his brother William are best known for helping to build Hong Kong export trading company Li & Fung into one of the world's leading outsourcing giants. Healthy ties to customers such as U.S. ...

Sainsbury looks into entering Chinese market

Sainsbury To Assess Opportunities To Enter China U.K. supermarket group J Sainsbury PLC Tuesday said is assessing opportunities to enter the Chinese market given rapid economic expansion taking place there. "We do not see international expansion as part of our short-term plans, ...

Carrefour puts stores on diet

Carrefour puts stores on diet From: The Wall Street Journal French Retailer Cuts Food Choices in Effort to Make Hypermarkets More Appealing to Shoppers French supermarket giant Carrefour SA has begun reducing the number of products it sells, in a bid to simplify shopping and ...
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Latest World News

china

Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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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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