Retail news from Asiafruit – Page 51
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Still a place for small business
Foreign investment has not changed the shape of India's retail sector, according to commerce and industry minister
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Chinese economic growth regions shifting
Increasing urbanisation and consumers' disposable income leads to greater company focus on lower-tier cities
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Coles sales on the rise
Managing director points to “unwavering commitment” to reducing prices
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Wal-Mart behind expansion targets
Internal investigation stalls US-based company’s plan to become India’s biggest retailer
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Tesco Lotus launches online shopping
Leading hypermarket chain commenced online shopping and home delivery service in Bangkok last week
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Tesco opens new South Korean outlet
Store unveiling comes amidst tightening government regulations aimed at protecting local merchants
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Walmart 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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Chevalier completes Moraitis deal
Hong Kong-listed group confirms purchase of majority stake in leading Australian fresh produce distributor
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Metro intends to bolster finances
Announcement comes after a mixed performance in 2012 and an ongoing negative forecast for Europe
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CRE 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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Big 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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Walmart 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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Profit 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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Metro Cash & Carry CEO steps down
Retailer calls Frans Muller's departure a "mutual agreement" aimed at improving senior management efficiency
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Walmart denies China withdrawal rumours
Retail giant confirms its upcoming store plans and long-term presence in China
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Aeon 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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Walmart 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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Woolworths’ NZ sales on the rise
Retailer posts 2.3 per cent rise in supermarket sales over second half of 2012
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Australian 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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Costa Group to acquire Adelaide Mushrooms
Global agribusiness set to increase production to over 500 tonnes of mushrooms per week