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Progressive Grocer
Bad Economy Or Bad Retail?
The temptation is to associate the effects of the U.S. economic situation – and the subsequent lack of shoppers in stores – with the recent financial death spiral of brands and retailers. In retail, the logic has been to...
Retail
Tesco poised for rapid growth
According to Planet Retail’s 2010 Global Retail rankings, Tesco is expected to add nearly $50 billion in sales by 2014. The UK-based Tesco is likely to grow group business by 50 per cent to reach $146 billion by 2014....
Retail
US stores cautious in spite of robust results
US retailers, including Walmart, will give a further reading of the state of US consumer confidence this week as they start the sector’s reporting of earnings for the important holiday quarter.Overall monthly sales have remained significantly below pre-crisis levels,...
Retail
Asda poised to accelerate small format store openings
Asda plans to open 100 smaller format stores in the next three to five years, according to analysts at JPMorgan.
In a note published yesterday, JPMorgan said Asda set out the plans at a supplier conference last week.
The UK's second-biggest...
Retail
Shoppers Stop to raise funds
Department store Shoppers Stop is planning to raise funds to acquire 32% in group firm and hypermarket chain Hypercity, a top official said. The company is looking at generating Rs 1 billion to Rs 1.2 billion rupees (USD 21.6...
Retail
Walmart and CARE launch new initiative to elevate Indian women
As a part of their commitment to women's empowerment, Walmart and CARE announced the launch of a Cashew Value Chain Initiative. As part of the Walmart Foundation's $1 million grant to CARE, a leading humanitarian organization, this project marks...
Retail
Wal-Mart looking to open 40 more stores: Sharma
Wal-Mart Stores Inc, the world’s largest retailer, plans to open 40 more cash and carry stores in the country, the Commerce and Industry Minister, Mr Anand Sharma, said here today.
In India, Wal-Mart has a wholesale joint venture with the...
Retail
Bharti Wal-Mart partners Cadbury to strengthen CSR activities
As part of its corporate social responsibility initiatives, Bharti Wal-Mart has announced the launch of their associate volunteer program in India. Appropriately, Bharti Wal-Mart, in partnership with Cadbury India, will participate in improving the infrastructure of a government school...
Retail
Nike direct to consumer operation gets new president
Nike Inc, the global footwear, apparel, equipment and accessories brand for sports and fitness activities, has appointed Jeanne P Jackson as the new president for its direct to consumer operation. As part of her latest assignment, Jeanne will look...
Retail
Bharti Wal-Mart to establish retail training centre in Punjab
In an attempt to get skilled manpower, Bharti Wal-Mart Pvt Ltd, the joint venture between Bharti Enterprises and Wal-Mart Stores Inc for wholesale cash-and-carry and back-end supply chain management operations in India, has signed a memorandum of understanding (MoU)...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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