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American Fast Food Giant Eyes Higher Chinese Wages

American Fast Food Giant Eyes Higher Chinese Wages U.S. fast food giant Yum Brands Inc. reported recently that its labor and commodity costs in China were likely to increase in the second half of 2010. According a senior company executive, in the first half of 2010 the company's ...

New Hotel Brand Heads To Hong Kong

New Hotel Brand Heads to Hong Kong Shangri-La Hotels and Resorts is planning to debut the Traders Hotel brand in Hong Kong on August 1, 2010, with the opening of Traders Hotel, Hong Kong. Previously operating as Hotel Jen, the 280-room property was completely renovated in 2008 ...

Survey: M&S is the most trusted retailer in UK

M&S is UK s most trusted retailer , says YouGov survey Marks & Spencer (M&S) is Britain's most trusted retailer for the second year in a row, according to a new online YouGov survey commissioned by marketing communications agency Baber Smith. The Insight Survey, which this year ...

Hermes raises 2010 forecast on accelerated Q2 sales

Hermes raises 2010 sales growth forecast, expects higher operating profit Hermes International SCA, the French maker of luxury handbags and silk scarves, raised its 2010 revenue forecast after second-quarter sales increased faster than analysts estimated on demand in Asia. Full...

French retail giant Carrefour reports sales hike

French retail giant Carrefour reports sales hike French retail giant Carrefour on Thursday said first half sales rose 5.9 percent, compared to the same period last year, as it announced the acquisition of a stake in a Chinese retail chain. Sales in the January-June period came to ...

Wal-Mart and P&G partner to produce family films

Wal-Mart, P&G produce family-friendly TV movies If you watched NBC's The Jensen Project on Friday, you probably didn't realize how much the science-fiction movie owes to toothpaste and diapers. It's part of a broader narrative being written by the world's largest retailer and the ...

Wal-Mart to open 10-12 cash & carry stores in India

Wal-Mart to open 10-12 cash & carry stores in India Retail major Wal-Mart after its tie-up with Bharti has said that it is committed to India for a long time, said its India President Raj Jain in an interview to CNBC-TV18. He said that Wal-Mart recognises value of Bharti as its ...

Burberry to take control of franchised stores in China

Burberry to buy Chinese franchise stores to increase profit by almost 10% Burberry Group Plc, the U.K. s largest luxury retailer, will take control of its franchised stores in China for 70 million pounds ($108 million) in a transaction that may boost earnings by almost 10 percent...

For first time, Carrefour closes store following 15 years of expansion in China

For first time, Carrefour closes store following 15 years of expansion in China From: Xinhua The world s second-largest retailer,Carrefour Group, will close its only store in northwest China s Shaanxi Province on July 28, the first closure of a Carrefour store following 15 years ...

Canada-based Aldo has quietly built a global empire

Aldo s global footprint Canadian shoppers are familiar with Aldo shoes. But few realize that this Montreal-based retailer has quietly built an empire that spans 1,500 stores in 55 countries. Aldo Bensadoun peers at rows of strappy high-heeled shoes, bejewelled sandals and soft ...

7-Eleven bids $2 billion to buy Casey's convenience stores

Dallas-based 7-11 bids $2 billion for convenience chain Casey's 7-Eleven Inc. is making its boldest move to date in convenience store consolidation by offering $2 billion for a smaller Midwestern rival. The Dallas-based retailer has offered $40 a share to acquire Iowa-based Casey...

Uniqlo operator s Sept-May group net profit up

Uniqlo operator s Sept-May group net profit up Fast Retailing Co on Thursday reported an increase in group sales and profit for the first nine months of the current business year attributed to new winter lines of clothing and sales promotion in Japan as well as expanding overseas ...

Japan's Aeon strives to expand its reach

Aeon s interest in Carrefour stores reflects struggles in Japan Aeon Co.'s appetite for Carrefour SA's stores in southeast Asia is an attempt to extend the Japanese retailer's global reach as the company struggles with weak consumer spending and heightened competition at home. ...

Esprit outlines aggressive sales growth plans for China

Esprit Plans Stores in 400 China Cities as Europe Sales Fall Esprit Holdings Ltd., the Hong Kong- based clothing retailer that derives 83 percent of its sales from Europe, plans to expand its operations to 400 Chinese cities as revenue from the continent declines. Mainland China ...

H&M founders donate shares to fund employee programme

Founders give H&M workers 1 billion kronor The well-heeled founding family of Swedish fashion giant Hennes & Mauritz (H&M) has donated 4 million shares in the company to fund a new employee incentive programme. The idea is to create a long-term incentive program which is the same ...

Decathlon works on expansion in China

Decathlon to open 10 new stores in China in 2010 The European sports supplies retailer Decathlon has announced that it will further promote its development in China and plans to open up to ten new stores in the country in 2010. Decathlon announced the news during the opening of ...

Byford to open 60 new stores in Greater China

Byford to open 60 new stores in Greater China British men s apparel brand Byford has opened a new store in Beijing and the company plans to add over 60 new stores to its retail network in Greater China in 2010. Julian M K Ho, general manager of D Byford Holdings Limited and Asia ...

Ermenegildo Zegna opens flagship store in Shenzhen

Ermenegildo Zegna opens flagship store in Shenzhen The luxury brand Ermenegildo Zegna has opened a new flagship store at the second-phase project of the Mixc in Shenzhen. As Zegna s second largest flagship store in China, the new store has a retail area of 533 square meters, ...

Carrefour reports 82 million in first-half profit

Carrefour Net Misses Estimates; 2010 Goal Confirmed Carrefour SA, the world s second- largest retailer, posted first-half profit that trailed analysts estimates, hurt by weaker superstore sales in Europe and Brazil, and costs for closing outlets in Belgium. Net income was 82 ...

Sources: Numerous retailers bid for Carrefour's Asian assets

Retailers jump in for Carrefour SE Asia assets From: Reuters * Robust demand seen for Carrefour's planned exit * Carrefour has 626 Asian stores, two-thirds in China * Thai proceeds could be more than 50 pct of sale-source (adds analyst quote, more comments from sources) At least ...
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china

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world

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Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
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trade

sports

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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
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