Retail news from Asiafruit – Page 48
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ArticleTesco opens new South Korean outlet
Store unveiling comes amidst tightening government regulations aimed at protecting local merchants
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ArticleWalmart announces China expansion plans
US retail giant intends to open 30 new stores, revamp 400 of its existing outlets and remodel 50 others
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ArticleChevalier completes Moraitis deal
Hong Kong-listed group confirms purchase of majority stake in leading Australian fresh produce distributor
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ArticleMetro intends to bolster finances
Announcement comes after a mixed performance in 2012 and an ongoing negative forecast for Europe
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ArticleCRE commits to rapid expansion plan
Company's chief financial officer Frank Lai Ni-hium announces intention to open 300-400 new stores annually
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ArticleBig C climbs valuable retailer rankings
Global branding consultant Interbrand names Thai retailer Big C as fifth most valuable South East Asian retail brand
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ArticleWalmart Asia CEO meets investigators
Inquiry underway into claims of improper lobbying activities amounting to bribery, which the retailer has strongly denied
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ArticleProfit slump at Germany's Metro
Mixed set of results for retail giant as sales climb, but net profit falls amid a challenging consumer environment in Europe
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ArticleMetro Cash & Carry CEO steps down
Retailer calls Frans Muller's departure a "mutual agreement" aimed at improving senior management efficiency
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ArticleWalmart denies China withdrawal rumours
Retail giant confirms its upcoming store plans and long-term presence in China
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ArticleAeon considers Daiei takeover
Japanese retailer set to increase its 29 per cent shareholding in rival at an estimated cost of ¥10bn (US$104.77m)
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ArticleWalmart halts new Indian outlets
With report into its alleged bribery due by April, retailer abandons plans to open seven new stores
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ArticleWoolworths’ NZ sales on the rise
Retailer posts 2.3 per cent rise in supermarket sales over second half of 2012
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ArticleAustralian suppliers voice support for Aldi
German retailer praised as a reliable and fair business partner over its rivals, grocery giants Coles and Woolworths
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ArticleCosta Group to acquire Adelaide Mushrooms
Global agribusiness set to increase production to over 500 tonnes of mushrooms per week
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ArticleWoolworths’ sales on the rise
Australian retailer posts 3.7 per cent sales increase for second half of 2012
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ArticleColes and Woolworths under investigation
Grocery giants accused of improper practice and could soon face being held accountable by a supermarket code of conduct
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ArticleAldi expanding into two more Australian states
Discounter announces plans to open approximately 100 stores in Western Australia and South Australia
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ArticleTesco looks to finalise Indian investment
UK-owned retail giant counting on Prime Minister’s visit to India to facilitate beneficial arrangement
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ArticleGlobal giants still revenue raisers
The world’s largest retailers have bucked the economic downturn and continued to enjoy a rise in revenue, according to Deloitte