Retail news from Asiafruit – Page 83
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Slow sales growth for Carrefour
Carrefour has posted a 2008 Q4 profit rise of just 0.7 per cent, and predicts more of the same
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Asian retail markets to ride out crisis
A new report has predicted retailers from developing countries will weather the economic crisis well
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Contrasting fortunes for Japanese retailers
Seven & I has reported profit growth for the third quarter ended in November 2008, with Aeon's nine-month profit falling
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Vietnam set for “phenomenal” retail growth
Vietnam has paved the way for tremendous growth in its retail sector now that foreign companies are allowed to set up wholly-owned businesses
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Aeon slows Chinese expansion
Japanese retailer Aeon has throttled back its expansion plans in China
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Modern retail out for the count in India
Modern retail has lost the 2008 round in India, according to the industry
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Harvest FreshCuts wins Woolworths award
The Australian retailer has handed its produce supplier award to the third-generation family business
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Wal-Mart China signs green agreement
Wal-Mart has signed an environmental memorandum of understanding in China as part of its green supply chain plan
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Reliance Retail restarts rollout
Reliance Retail will restart its Indian expansion plans in six months in anticipation of low property and commodity prices
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NYK shrinks expansion plans
Japanese shipping group NYK Line will downgrade its fleet expansion plans as the market continues to fall
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Tesco to become world's second largest retailer
A new report has said that the UK-based group will overtake Carrefour by 2012, driven by growth in international markets
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Aeon, Mitsubishi consider capital tie-up
In Japan, Aeon and Mitsubishi are understood to be mulling a capital and business tie-up
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Aeon considers European-style discounts
Japanese supermarket chain Aeon is looking to Europe for business models using cut-price own-brand goods
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Bharti Walmart expansion ignores economic woes
Bharti Walmart is continuing apace with its wholesale plans in India, despite a slowing economy
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Malaysia urges hypermarket price cuts
Malaysia’s deputy prime minister has called on hypermarkets across the country to lower prices
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Tesco reports Asian sales ahead of visit
The retail group has enjoyed sales growth in China and Malaysia, with a slight drop in South Korea
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Chiquita makes gains with Q3 results
Falling costs and good banana sales have buoyed Chiquita’s third quarter results
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India monitors domestic consumption
Indian economists are keeping a close eye on local demand in light of the global financial downturn
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Aeon opens Beijing mall
Japanese retailer Aeon will open its first shopping mall in Beijing early next month as demand in its home country wanes