industry

Heinz buys Chinese bean curd food manufacturer U.S.-based H.J. Heinz Company has completed its acquisition of Guangzhou-based Foodstar, a manufacturer of premium branded soy sauces and fermented bean curd. Heinz acquired the Chinese company from Transpac Industrial Holdings Ltd., ...
Hola opens 8th home supplies store in Beijing Taiwanese decoration supplies company Hola has opened its eighth store in Beijing at ECMall. This is also the company's 25th outlet in the Chinese mainland market. Located in Zhongguancun trading area, ECMall is adjacent to the ...
Walmart signs forest MOU in China Walmart (China) Investment Company and Walmart Global Procurement office have announced that they have signed a memorandum of understanding on environmentally sustainable development cooperation with Zhonglin Tianhe (Beijing) Forest Certification ...
Disney Store opens in Times Square With fireworks, fanfare and fairy dust, The Walt Disney Co. officially opened its largest store in North America in Manhattan's Times Square Tuesday, touting it as the crown jewel among approximately 360 worldwide. Disney joins a string of ...
Japan s Uny, Taiwan s Ting Hsin establish retail JV Japanese retailer Uny has announced that it has signed an agreement with Ting Hsin (Cayman Islands) Holding Corporation, a subsidiary of Ting Hsin Group, to set up a retail joint venture for the development of the Chinese ...
Russian retailer Magnit Oct sales up 47.3 pct Russian food retailer Magnit said its net retail sales rose 47.3 percent in October after a 44.11 percent increase in September as fast store rollout and economic recovery continued to support growth. Sales totalled 21.3 billion ...
U.K s Superdry firm steps up expansion Superdry fashion firm SuperGroup has announced it has increased its already impressive expansion plan by opening a record number of stores abroad during the last quarter. Subsequently, sales at SuperGroup, which claims to be one of the ...
Japan s Rakuten e-retailer books larger sales Japan's top online Rakuten on Tuesday reported an increase in net sales for the nine months to September as it continues a global expansion of its e-commerce business. Sales rose to 252.56 billion yen (3.15 billion dollars), up 16.4 ...
Japan s Lawson enters Chongqing retail market Lawson, Inc., the second largest chain convenience store group in Japan, has opened its first convenience store in Chongqing's Liangjiang New Area, reportedly ending Chongqing's history without a 24-hour convenience store. Lawson's ...
Walmart Pushes for a Sustainable Food Supply Chain Last week, Wal-mart took its green , or sustainability , to another level. On October 14th, it announced 5-year sustainability goals for the food supply chain. The company s CEO Mike Duke stated, When we think about our ...
Hermes Sees Record Year, Is Vigilant About LVMH Stake French luxury goods company Hermes International Tuesday said family shareholders are serene and united but vigilant about the presence of larger peer LVMH Moet Hennessy Louis Vuitton SA on its shareholder register, as it ...
Ikea: an empire built on self-assembly The Swedish homestore giant Ikea has conquered the world with its stylish flatpack furniture, cunning store layouts - and the promise of meatballs for the weary shopper. More than 20 years have passed since Ikea opened its first British ...
McDonald s opens 100th restaurant in Shanghai The international fast food giant McDonald s has opened a new restaurant in Shanghai s International Financial Center, and this is McDonald s 100th outlet in the city. Huang Hongfei, vice president and general manager for the central ...
Comment: maintaining the trust of consumers From: China Daily Foreign companies that do business in China can see their brand reputations collapse in ruins if they betray consumer trust, says a leading marketing expert. Keh Hean Tat, professor of marketing at Guanghua School of ...
Fancl Opens 100th Store on Chinese Mainland The international skin care brand Fancl has opened its 100th store on the Chinese mainland at Shanghai International Financial Center. The new Fancl concept store in Shanghai International Financial Center follows the brand s consistent ...
Denizen Opened 20 Stores in China in September International jeans giant Levi Strauss & Co has announced that its new brand Denizen, targeting young consumers in Asia, opened 20 stores in China before the end of September 2010 and it will have over 1,000 stores by 2015. Dickson ...
China s fiscal revenue up 33 pct in first two months From: Xinhua China saw a 32.9 percent growth year-on-year in fiscal revenue in the first two months of the year due to factors including rising tax revenue following continued economic recovery, the Ministry of Finance (MOF) ...
Total retail sales of consumer goods from Jan. to Feb. stood at RMB2.5052t Data of the National Bureau of Statistics indicated that from January to February, the total retail sales of consumer goods accumulatively stood at RMB2.5052t, up 17.9% year-on-year, up 2.7 percentage ...
Inidan Retailers look afresh at wholesale biz See potential tie-ups with overseas companies as an additional temptation Retailers are taking a relook at cash and carry (wholesale trading) ventures in the hope of tapping millions of kiranas (independent stores). The potential tie...
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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 ...
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 ...
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 ...
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 ...