Retail news from Asiafruit – Page 81
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Woolworths plots expansion after profit rise
Australia’s number one retail chain, Woolworths, has reiterated its aim to expand at home and abroad on the back of a healthy annual profits rise and an upbeat financial outlook
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Profit up, shares down for Wesfarmers
The Australian group has reported a significant net profit increase of 34 per cent for the full-year period
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Net profit rise for Big C
The Thai retailer has reported improved results, although they have fallen below analysts expectations
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Tesco makes its move into India
The UK-based retailer has announced that it will launch in India by the end of 2009
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Seven & I plan expansion
Japan’s leading Seven & I are planning to open 30 per cent more supermarkets in the country
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Bharti Wal-Mart to open Indian stores
Bharti Wal-Mart wholesale cash and carry stores will open in India in the first quarter of 2009
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Hypermarkets dent wet market sales
Earlier opening hours and lower prices are encouraging Malaysian shoppers to abandon wet markets in favour of hypermarkets
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Lotte unveils Olympic store
Lotte opened its first department store in China last week, just in time for the Olympics
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Himachal Pradesh to get packhouse
The Indian state of Himachal Pradesh is to gain a new fruit packhouse to help boost exports, according to the state government
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New report on Australian grocery industry
The ACCC has released a careful study of the Australian grocery industry
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AUSTRALIAfresh gets new look
The produce industry website promoting Australian fruits, vegetables, dried fruit and tree nuts has been given a new look
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SFI signs MOU with MAFC
Singapore specialist logistics firm SFI has clinched a deal to exclusively distribute top-quality Malaysian produce
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Hypermarkets may enter Malaysia
Multinational hypermarkets may enter Malaysia as small franchise outlets, under a new proposal
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NZ produce prices set to rise
Expect the price of New Zealand-grown fresh fruit and vegetables to rise, warns industry head at Horticulture New Zealand’s annual conference
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Typhoons fan Taiwan inflation
The brace of typhoons to hit Taiwan in the last two weeks have sent food prices spiralling upwards and look set to fuel an unexpected rise in consumer inflation
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Lawson moves for Ninety-nine Plus
The Japanese retailer is looking to launch a takeover bid for discount grocer Ninety-nine Plus
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Woolworths mulls Indian expansion
India may be next on Woolworths agenda, according to a financial analyst, as the retailer must expand abroad to maintain its profit growth
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Do Asian giants provide a safe haven?
The market potential of countries such as India and China provide welcome relief from the retail struggles in the western world
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Wesfarmers: Coles needs five years
“Chronic underinvestment” in Coles Group means it will take five years to turnaround struggling retailer, says Wesfarmers chief executive