Retail news from Asiafruit – Page 51
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Tesco profits take half-year tumble
The faltering global economy has been blamed for the UK retailer's falling profits, both at home and internationally
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Tesco Lotus to go online
Tesco Lotus is to introduce an online shopping service in Thailand as smart phone usage in the country continues to climb
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Aeon stays the course in China
Retail giant Aeon pushes ahead with Chinese expansion plans despite a storm of anti-Japanese sentiment there over an ongoing territorial dispute
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Metro Cash & Carry expands in India
German wholesale retailer Metro Cash & Carry is planning to open four new stores in India by the end of 2012
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Japanese retailers close in China
Japanese retailers are shutting up shop in China as people there react violently to Japan’s claim over a disputed group of islands in the East China Sea
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New tack for Indian FDI
Indian government introduces new policy framework that could help ease regulations on foreign direct investment in multi-brand retail
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Italians meet with South Korean buyers
Delegation led by CSO on trade mission to key Asian market as Italy looks to build on new opening for exported kiwifruit
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Traditional retail strong in Indonesia
Indonesia's traditional retail formats are keeping hold of consumer loyalty despite the growth of the modern retail sector
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Tesco to invest in Thailand
UK retail giant Tesco says it will invest in a further five Lotus-anchored shopping malls in Thailand
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Typhoon blows up Korean fruit prices
Fruit prices in South Korea are likely to soar after a typhoon hit the country earlier this week, with another expected in the coming days
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Carrefour closes Singapore operations
Carrefour has announced it will close its two Singaporean stores and pull out of the market before the end of the year
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International retail chains circle Vietnamese traders
Increasing operational costs are driving domestic retailers out of the Vietnamese market where foreign retail chains are picking up the shortfall
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Carrefour Indonesia goes online
Carrefour has announced consumers in Indonesia will soon be able to purchase its products online
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7-Eleven growth in Thailand
CP All plans to increase its 7-Eleven store numbers in the Thailand market to 10,000 over the next six years
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Approval for Walmart-Yihaodian purchase
Walmart has been given a green light to acquire a controlling share in Chinese online retailer Yihaodian
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Chinese organic regulations flouted
China’s newly introduced organic labelling regulations are being widely ignored by retailers.
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Indonesian port closure causes headaches
Logistics issues abound as Indonesian fresh produce importers scramble to adjust to recently imposed regulations
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Metro links with K+N
Kuehne + Nagel signs three year contract to manage seafreight services for Metro Group Buying Hong Kong
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Aeon unites for push into China
Japanese retailer Aeon forms joint venture to take advantage of China’s rapidly developing retail sector
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Chilean kiwifruit swamps Korean market
An oversupply of Chilean kiwifruit is forcing traders in Korea to offload fruit at below cost prices