Retail news from Asiafruit – Page 52
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Woolworths’ sales on the rise
Australian retailer posts 3.7 per cent sales increase for second half of 2012
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Coles 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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Aldi expanding into two more Australian states
Discounter announces plans to open approximately 100 stores in Western Australia and South Australia
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Tesco 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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Global 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
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Indian vegetable prices drop
Improved supplies help counter food inflation which had caused onion prices to treble
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Aeon invests in hypermarket rebrand
Retailer to spend RM65m (US$21m) revamping its 27 stores in Malaysia acquired last year
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Metro Cash & Carry opens in Indore
German retail giant Metro opens fifteenth store in Indian city of Indore and expects to deliver benefits to local growers
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Nature’s Basket eyes India expansion
Owner Godrej Industries plans to increase Nature's Basket outlets from 26 to up to 40 in first-tier cities
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Third annual $1bn profit for Sunkist
Company pledges to continue expanding its product portfolio with consumer-based approach
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Fast food expansion in India
Shifting food consumption habits in India create ideal business environment for Indian quick service restaurants, according to new Rabobank report
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Lulu mall set to open in Kerala
After repeated delays, the retailer has announced the opening of its first mall next month
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Spar set to resume business in India
Dutch retailer in talks with local players to re-enter India after terminating agreement with Max Hypermarkets there last year
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Espinoza clinches Chiquita licence
Company comprised of former Chiquita staff and growers takes over deciduous fruit business
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New CFO for Wal-Mart China
Wal-Mart China has announced Anne Myong as its new chief financial officer
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Dole Philippines prepares US shipment
With the USDA expected to issue the final ruling on Philippine banana exports in the first quarter of this year, Dole Philippines is preparing its first US shipment
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Carrefour’s Chinese revenue on the rise
China continues to be a growth market for Carrefour Group, with the European retail giant recording a 10.8 per cent rise in Chinese operating revenues for 2012
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Asian Citrus Holdings projects profit drop
Winter weather, the price of pineapple juice concentrates and higher labour costs all factors in Asian Citrus Holdings decrease in core net profit
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Aeon Group brings MaxValu to China
All three of Aeon Group’s retail brands now have a presence in China after the company opened its first Chinese MaxValu store
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Aeon’s operating profit dips
Aeon Co’s operating profit for the nine months to November has fallen 5.5 per cent, but the retailer still hopes to hit its end of year target