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Fast Retailing enters JV with Malaysian retailer

Fast Retailing: set up joint venture with DNP Clothing in Malaysia Fast Retailing Co. said Tuesday it has set up a joint venture in Malaysia with a local apparel retailer as part of its plans to operate its Uniqlo casual clothing chain in the country. The Japanese fashion ...

Thirty New K.P.I. Convenience Stores Planned In Beijing

Thirty New K.P.I. Convenience Stores Planned In Beijing Hong Kong-listed supermarket and chain store retailer K.P.I. Company Limited has announced plans to open 30 new Hi-24 convenience stores in Beijing in 2010, increasing the number of its convenience stores from 171 at the end ...

Gap adds Director with Chinese experience ahead of opening of first store

Gap adds Director with Chinese experience ahead of opening of first store Gap Inc., the operator of Banana Republic and Old Navy clothing chains, added a banking executive with experience in China to its board as it prepares to open a first store in that country. Katherine Tsang, ...

Kingfisher eyes smaller, urban store

Kingfisher eyes smaller, urban store From: Reuters Kingfisher, Europe s No.1 home improvements retailer, plans to expand into city centres with smaller stores as it looks to innovate in anticipation of persistent tough trading conditions. Chief Executive Ian Cheshire told the ...

Sweden's H&M reports boost in second-quarter profit

Sweden s Hennes & Mauritz Q2 profit jumps 25 pct Swedish fashion retailer Hennes & Mauritz AB on Thursday reported a near 25 percent jump in second-quarter net profit, boosted mainly by a weaker dollar, lower raw material costs and increased efficiencies. Profit rose to 5.2 ...

Penney's pushes e-commerce effort to the next level

Penney s billion-dollar bet J.C. Penney hopes to boost web sales by $1 billion within five years. Web sales have been flat at $1.5 billion for the last three years, but J.C. Penney Co. Inc. will use an aggressive mix of new e-commerce technology and other tactics to generate $1 ...

Gap reveals China retail development plans

Gap reveals China retail development plans American clothing retailer Gap Inc. has unveiled details of its entry into China with plans to open Gap stores in Beijing and Shanghai in late 2010, and simultaneously bring an online shopping experience to all Chinese consumers. The ...

Italian luxury brand celebrates birthday in Shanghai

Zegna s tale of two cities From: China Daily Italian luxury brand Ermenegildo Zegna chose to celebrate its centennial in Shanghai, half a world away from its Milan base. The spotlight swiveled to Shanghai recently as some of China's most luminous fashion and entertainment ...

Zara, H&M to launch transactional websites

Zara and H&M in web launches The recovery in high-street spending showed worrying signs of faltering recently, but next month will see a bonanza for online fashion as two of the sector's heavyweights launch transactional websites. Zara, the clothing chain owed by Inditex of Spain...

Fresh & Easy debuts Farm to Store in 24 program

Fresh & Easy Grows Farm to Store in 24 Program American consumers might not be willing to get their hands dirty growing their own fruits and veggies, but they increasingly want the details on where their food is coming from. That's exactly the goal of a new program, dubbed "Farm ...

How Wal-Mart plans to retain its new customers

Remodeling Walmart World s largest retail chain is making changes to its stores to retain the new customers it s captured since the beginning of the recession The recession brought many middle-class customers to Walmart for the first time. Now that the economy has shown some ...

China is still a tough marketplace for Google

Google Says China Remains Murky Noting that the Chinese government can "arbitrarily decide" the level of service Google Inc. can provide in China, the company's chief executive, Eric Schmidt, said "we don't know" if what seems to have been a relatively minor disruption of Google...

Sa Sa revenue up 20.2% in Q1 2010

Sa Sa revenue up 20.2% in Q1 2010 Hong Kong-based cosmetics company Sa Sa International has published its operating statistics for the first quarter of 2010 fiscal year ended June 30, stating that its operating revenue increased by 20.2% year-on-year during the period. Its ...

Hugo Boss to set up JV in China

Hugo Boss to set up JV in China According to reports in foreign media, Mark Langer, chief financial officer of Hugo Boss, said during an interview that the company has signed an agreement to set up a joint venture in China in the second half of 2010. With this move, Hugo Boss ...

Metro's Q2 net profits drop 15.4%

German retail giant Metro sees 15.4% profit drop German retail giant Metro reported on Monday an unexpected sharp drop in second-quarter net profit owing to restructuring charges and calendar effects, and the shares fell. Metro's net profit fell by 15.4 percent from the ...

PayPal enters Japan without eBay

PayPal making belated foray in Japan, without eBay PayPal, the online payment unit of Internet commerce firm eBay Inc., is planning to break into the Japanese market the first time it has entered a region without eBay's powerful auction business. Acquired by eBay in 2002, PayPal ...

Prada Denies Shareholding by Chinese Merchant

Prada Denies Shareholding by Chinese Merchant According to reports in Chinese local media, Lu Qiang, president of Shanghai-based brand product discount store operator Foxtown, has claimed that he has acquired a 13% stake in the Italian fashion company Prada. However, Prada has ...

Louis Vuitton posts 53% net profit gain

LVMH Profit Rise Signals Luxury s Return French luxury goods behemoth LVMH Moet Hennessy Louis Vuitton Tuesday reported a 53% jump in first half net profit, heralding a strong return of high-end consumption and, in a departure from cautiousness seen in previous quarters, ...

Growth in India brings supply-chain challenges for Wal-Mart

Wal-Mart India growth faces supply chain hurdle Retail giant Wal-Mart, still limited by rules barring multi-brand foreign retailers in India, expects supply chain woes to make fast expansion in the country difficult, the chief of its Indian joint venture said. India s USD 450 ...

PayPal's growth offsets slower sales for eBay

EBay s Turnaround Is Slow to Click Weak U.S. Sales at Auction Site Offset by Overseas Revenue, PayPal Business The turnaround effort at eBay Inc.'s online marketplace is progressing slowly in the U.S., but the company's quarterly earnings were buoyed by international sales and ...
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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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