Retail news from Asiafruit – Page 72
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China braces itself for hurricane Megi
Southern China is preparing for super typhoon Megi to make landfall on Saturday after leaving a trail of destruction in the Philippines
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Indiabulls shelves retail expansion plans
The LN Mittal-backed Indiabulls group has put its retail expansion plans on hold to focus on its core financial and real estate businesses
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India exploits Pakistan price hike
The price of fresh produce in Pakistan has spiked in the wake of heavy flooding, creating opportunities for Indian exporters
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Carrefour posts quarterly sales growth
International sales in Asia and Latin America push total group revenue up by 6.7 per cent year-on-year
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Bharti branches into Madhya Pradesh
Bharti Retail has signaled its arrival in Madhya Pradesh with the opening of its first hypermarket in the Indian state
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Costco pushes on into Australia
The US’s third-largest retailer Costco is stiffening up its resolve in Australia, in the face of resistance to its expansion push there
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Fruit and vegetable prices rise in NZ
A sharp spike in the price of broccoli and lettuce in New Zealand has driven an overall price increase for fruit and vegetables during September
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ANI expands Asian presence
In an effort to expand its overseas markets, Philippine agricultural company ANI, has bought controlling shares in companies in Hong Kong and China
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Asian growth helps drive up Tesco profits
UK retail giant Tesco said growth in its Asian business was a driving force behind its forecast-beating rise in first-half profits
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Korean fruit and vegetable prices skyrocket
Korean consumers are feeling the pinch, with the price of some staple foods seeing the highest price increases in almost 30 years, during September
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Japan’s hot summer good for sales
Japanese convenience store operators have posted significant sales gains as consumers in the country try to beat the heat
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FamilyMart to export fresh produce to China
In a bid to differentiate itself from rival chain stores, the retailer plans to begin trading fresh Japanese-grown produce in China
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Moon Festival market fails to shine
This year’s Moon Festival in China and Taiwan has not provided a cause to celebrate for those in the fresh fruit industry
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US cherry growers eye Vietnam
Vietnam’s expanding middle-class has prompted moves by US cherry growers to target this emerging South East Asian market
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Global growth drives Wal-Mart profits
Retail giant posts improved quarterly net income on international improvements and cost-cutting measures
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Bharti expands into western India
The planned opening of a cluster of outlets in western India signals Bharti Retail’s intentions to consolidate its presence in the region before moving into other areas
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Delhi street vendors closed for Games
Street vendors in Delhi are being told to shut up shop as the city scrambles to ready itself for the start of the Commonwealth Games
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Sainsbury’s eyes move into China
The UK supermarket giant is considering expanding into China, the world’s fastest growing grocery market
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Saigon Co.op signs vegetable deal
Vegetable cooperatives in the Vietnamese capital are set to benefit from a trade agreement with the country’s biggest retailer
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PTT drops bid for Carrefour
Thailand’s state-owned energy company PPT has announced it has pulled out of the race for the French retailer’s assets in Thailand