Retail news from Asiafruit – Page 78
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Record sales with Taiwan vouchers
Taiwanese hypermarkets have reported record sales as consumers cash in government-issued vouchers
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Not so Sweet for M&S in China
The UK-based retailer has parted company with China MD Richard Sweet as part of a reduction in head office staff
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Holiday price rises in South Korea
Apple and onion prices have risen in South Korea in the run-up to the Chinese New Year, despite government efforts
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New Chinese stores for Carrefour
Carrefour is planning further expansion in China, despite the lacklustre sales results announced last week
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Malaysian retail market set to grow
Malaysia’s food and beverage market is expected to grow strongly in the next few years, according to the USDA
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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