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Up one levelChinese inflation may affect the world
A spurt in Chinese consumer prices has sparked fears of a worldwide inflationary surge at a time of rising oil and food costs and upward wage pressures.
7-ELEVEN extends relationship with IRI
In the USA, 7-Eleven Inc is extending its relationship with research agency Information Resources Inc. Under the new agreement, the IRI 7-Exchange Programme will continue, and IRI will now have access to all of 7-Eleven's U.S.-based point-of-sale (POS) store data -- including the recently-acquired White Hen stores -- for its convenience tracking service.
Ex Asda man confirmed for SAINSBURY if bid succeeds
Quatari backed investment fund Delta Two yesterday confirmed that a former Asda executive, Tony Campbell, could become chairman of Sainsbury if its potential takeover bid succeeds.
WAL-MART warns Chinese suppliers over labour practices
In China, Wal-Mart Stores has cautioned two local suppliers following allegations of improper labour practices. Jonathan Dong, Wal-Mart China's director of public relations, said Shenzhen-based Yue Wing Cheong Light Products and Hong Kong-listed Mainland Headwear Holdings Ltd were classified as "orange alert" vendors, part of an internal colour code system used by Wal-Mart for suppliers whose labour practices raise concerns.
TESCO attacked in US
In the USA, Tesco is already facing the threat of a Wal-Mart style backlash from environmentalists and union campaigners before it opens its first store in the country.
WOOLWORTHS eyes buyback
According to reports in the Australian press this morning, Woolworths may hand up to AUD2 billion (USD1.6 billion) to shareholders through a share buyback or a capital return if it cannot take part in the breakup of rival Coles Group.
Consumer demand lifts Unilever profit
Unilever, the maker of consumer products such as Axe deodorants, Dove soaps, and Lipton teas, reported yesterday a 16% rise in net profit for the second quarter, driven mostly by strong consumer demand.
Amazon tests grocery deliveries
Web retailer Amazon.com is testing out grocery delivery. The site quietly began taking orders for fresh produce and other grocery items on Wednesday from residents of Mercer Island, a Seattle suburb, and dispatched a fleet of 12 delivery trucks from its grocery distribution centre in nearby Bellevue to deliver groceries in one-hour time slots
Global Consumer Confidence Down In First Half Of 2007 - Nielsen
Global consumer confidence fell two Index points from 99 to 97 over the last six months, according to the twice-yearly 47-country Nielsen Global Consumer Confidence Index. India and Norway topped the Nielsen Global Consumer Confidence Index at 135 and 132 points respectively, while Portugal and Korea languished once again at the bottom of the Index as the world’s pessimists. South Africa remains near the middle but unfortunately adheres to the world’s downward trend, dropping 4 points from 99 in October 2006, to 94 in May 2007.
CARREFOUR hypermarket expansion in Saudi Arabia
Carrefour has announced plans for four new hypermarkets in Saudi Arabia over the next year. According to Carrefour vice president Abdullah Ahmed, stores are planned for Jeddah, Taif, Riyadh and Madina.
WAL-MART’s ASDA launches premium range in Mexico
In July, Asda, Wal-Mart’s UK subsidiary, started supplying more than 40 Mexican supermarkets owned by parent company Wal-Mart with dozens of traditional English products under the Extra Special range.
7-ELEVEN looks to improve profitability in Philippines
Philippine Seven Corporation is working on plans to reduce 7-Eleven's operational spending. Jose Victor Paterno, president and CEO of 7-Eleven, said the reduction in store operations outlay is one of their programmes that would increase their profit.
Dairy farmers cheer as milk prices rise
Also adding to the price are rising costs for animal feed, shrinking European stocks and droughts in Oceania. Unlike oil, we probably won't ever run out of milk. But the two liquids have one thing in common: They're trading at record highs.
Wal-Mart and Bharti create jv
Wal-Mart Stores Inc., the world's largest retailer, and India's Bharti Enterprises said Monday they have agreed to create a joint venture for wholesale cash-and-carry and back-end supply chain management operations in India.
British government says foot-and-mouth strain identical to one from nearby lab
The strain of foot-and-mouth disease found on a farm in southern England was identical to one used at a nearby laboratory, Britain's environment agency said.
COLES chief executive accused over false numbers
In Australia, Coles chief executive officer John Fletcher has been accused of asking a senior executive to make false claims about sales growth at the company’s supermarkets division.
Continued losses for WAL-MART’s Seiyu
In Japan, Wal-Mart’s Seiyu division has announced results for the first half of the fiscal year. The company reported an operating loss of JPY2.2 billion (USD17.9 million), a JPY0.9 billion (USD7.3 million) increase in loss compared to the same period last year. Net loss amounted to JPY6.9 billion (USD56.2 million). Seiyu noted that sales for the period declined 1.4% to JPY461.6 billion (USD3.8 billion), partly due to increased competition from the likes of Ito-Yokado and Jusco.
Profit warning by retail giants as Americans feel the squeeze
The world’s biggest retailer joined the largest home improvement chain yesterday to give warning of a sharp slowdown as Americans tightened their belts amid the growing debt crisis.
Attfund, Sycom buy stake in offshore shopping
Attfund and listed Sycom Property Fund have each acquired 22.5 percent of the Stenham European Shopping Centre Fund, which recently acquired one of Europe's largest shopping malls for e362 million (R3.6 billion).
LIANHUA looking to strengthen CARREFOUR ties
According to the South China Morning Post, China’s largest retailer, Lianhua, is looking to strengthen its partnership with Carrefour in order to open more hypermarkets in Shanghai.
Sharp jump in China's food prices fuels inflation fears
Grocery shopping has become a painful experience for Zhang Xueyi. Meat prices have risen 50 percent in the past year, and eggs and other products are not far behind, forcing the 31-year-old railway technician's family to spend a third of their 3 000 yuan (R2 948) monthly income on food.
New formats for WAL-MART in the USA?
Wal-Mart, according to recent reports in the Wall Street Journal, has a team of executives in the San Francisco Bay area devising two new small-footprint stores, including an anticipated counter strike to the November launch of Tesco's Fresh & Easy grocery stores.
TESCO cultivates majority stake in DOBBIES
Tesco revealed last Friday that it controls approximately 53.1% of the existing issued share capital of the Dobbies garden centre chain, meaning that all conditions of Tesco’s offer for the smaller retailer have now been satisfied or waived and the offer has been declared unconditional in all respects.
7-ELEVEN marketing boss resigns after six months
The recently appointed chief marketing officer for 7-Eleven Inc, Doug Foster, has left his position after just six months. In a brief, exclusive interview with CSP Daily News last week, Mr Foster confirmed his departure from the company but declined to comment further.
COLES and WOOLWORTHS pushing out competition according to petrol independents
On the first day of the public hearings which form a key part of the Australian Competition and Consumer Commission's inquiry into petrol prices, independent service station operators yesterday claimed that Coles and Woolworths are trying to crush competitors in the petrol market.
TESCO to launch Express stores in Hungary
Tesco is reported to have opened its first Express store in Hungary on 25 August 2007, considering further expansion of the banner in the country on the back of rising demand for smaller format stores.
Chinese talk lifts Wal-Mart stock
Wal-Mart Stores shares and options volatility ticked up on Friday on rumours that government-sponsored investment funds from China and Singapore may be eyeing the retailer’s stock, US and UK market sources said.
WAL-MART to explore new store formats in USA
Wal-Mart Stores yesterday announced that it is considering new store sizes and types on the US market but played down the possibility of acquisitions. The retailer said it is hiring managers for a team to consider new formats besides the retailer's four established US types, ie. Wal-Mart discount stores, Supercenters, Sam's Club membership stores and Neighborhood Market grocery stores.
CARREFOUR China purchasing managers detained
Carrefour China has announced the arrest of eight management-level employees in internal documents early this month, company officials said in Shanghai.
US food giant leaves Zimbabwe
US food giant H. J. Heinz, one of Zimbabwe's first major foreign investors, sold its Zimbabwe interests to a government controlled cotton company, the buyer said Monday.
Supermarkets in UK under fire on plastic bag use
New research by The Grocer magazine in the UK indicates that both Asda and Sainsbury are often using more plastic bags in their home deliveries than most of their rivals. The survey found that on one occasion Asda used 15 bags to pack just 32 items.
WAL-MART signs agreement for bedding shops
In the USA, Mattress Works - an independent bedding company - has signed a lease agreement with Wal-Mart to establish bedding shops in the vestibule space of Wal-Mart Supercenters.
SAINSBURY links up with Pru for healthy eating promotion
In the UK, insurance company Prudential has joined up with Sainsbury in a healthy eating initiative. Under the agreement, people with a PruHealth medical insurance policy can reduce the cost of their premiums by buying fresh fruit and vegetables at Sainsbury's.
COLES and Wesfarmers in trading halt
The Australian Stock Exchange has announced this morning that shares of Wesfarmers and its takeover target Coles Group have been halted from trading pending an announcement.
WAL-MART reaches new three year agreement with DHL
Express delivery and logistics company DHL has announced a new three year agreement with Wal-Mart. DHL will provide Wal-Mart with air express and ground shipping throughout the US, supporting the retailers 4,000 stores nationwide. The new contract nearly doubles the volume and revenue generated through the previously existing relationship.
TESCO refuses to comment on meeting with community groups in S. California
Tesco yesterday refused to comment on whether it wil meet with a coalition of community groups in Southern California who are concerned about the retailer’s commitment to decent wages, affordable health benefits and greenhouse gas reduction.
TESCO aim for stores in Malaysia by end 2008
The chief executive officer of Tesco’s Malaysian unit, Chris Bush, has said that the retailer will have a total of 27 stores by the end of 2008 as it adds 7 new hypermarkets and reopens four previous Makro cash & carry stores under the Tesco Extra banner, "We are opening in Taiping, Perak, at the end of the month and in Kota Baru, Kelantan, in December. Next year we have planned for five more openings."
CARREFOUR has 101 hypermarkets in China
n China, Carrefour CEO Jose Luis Duran said yesterday the retailer has opened 101 hypermarkets since it entered the Chinese market in 1995. More than 100 million customers shopped at the 101 Carrefour stores in China last year, bringing a sales volume around CNY24 billion (USD3 billion), Duran said.
TESCO Homeplus to modernise stores in South Korea
Speaking in more detail about the retailer’s plans to displace rival E-mart and become Korea’s leading hypermarket chain by 2011, the chief executive of Tesco Homeplus, Seung Han Lee, has said that the company is introducing a third generation store concept, "All our existing outlets will eventually be renewed to adapt to our third-generation concept, which is represented by this newly opened Jamsil branch. This will give us an edge against our competitors."
WAL-MART opens further supercentres in Canada
Wal-Mart Stores has announced that it will celebrates the grand opening of five new Wal-Mart Supercentres across the state of Alberta on September 19th bringing its network to 17 stores.
New financial boss at SEARS
Sears Holdings has announced that J. Miles Reidy will join the company as executive vice president, chief financial officer in October 2007. William C. Crowley, executive vice president, chief administrative officer and a member of Sears Holdings' board of directors, has been serving as chief financial officer on an interim basis.
CARREFOUR upbeat on Bulgarian prospects
In Bulgaria, Carrefour will base its first hypermarket in the country at the heart of a new shopping centre. The retailer is the developer of a new 90,000 square metres Sofia mall, where it will open its first store in Bulgaria within the next 12 months.
Woolworths launches re-cycle brand
Woolworths is upping its green credentials by launching a recycling brand that will encourage customers and members of the public to recycle their old mobile phones. This will be extended to include printer cartridges and plastic bags early next year.
WOOLWORTHS buys web usability tool
Woolworths has announced it has signed up Keynote Systems to implement an on-demand research application on its retail website. The application will be used to realign the website more closely with customer demands.
TESCO obtains 66% Dobbies offer acceptances
Tesco has this morning stated that it has received offer acceptances from 65.5% of Dobbies Garden Centres shareholders.
Carrefour revives Indian plans
According to unconfirmed reports in the Indian press this morning, Carrefour has resumed talks for a foray into the local retail sector, with real estate company DLF understood to be the first choice for a joint venture partner at present.
Corner stores not in decline in UK
According to research submitted to the Competition Commission in the UK, the number of corner shops has actually increased in recent years. The study was funded by Tesco but carried out independently by the University of Southampton.
Food nourishes retail sales in Britain
Retail sales in Britain rose strongly last month, helped by strong sales of food, official data showed yesterday.
SAINSBURY steps up green credentials
In the UK, Sainsbury is launching a new campaign to establish its environmental credentials. Sainsbury's Different Values campaign will attempt to establish its credentials, using press advertising and a new TV campaign featuring celebrity chef Jamie Oliver.
COSTCO contracts for solar power system design and build
Warehouse club chain Costco has contracted PermaCity to design and build solar power systems at a number of their Southern California outlets.
Wesfarmers to cut COLES overheads after takeover
In an acquisition update earlier this week, Australian group Wesfarmers stated that it is seeking to reduce corporate overheads at Coles Group by AUD385 million (USD323.8 million) each year and hopes to achieve this by late in fiscal 2009.
BHARTI/WAL-MART see support in India for venture
The head of Wal-Mart’s Indian operations, Raj Jain, said in a recent interview that despite protests from small traders, Bharti and Wal-Mart remain confident that their joint venture is supported and will help usher in a new future for retail in the country, "I think it's a big change for India, the move from mom-and-pop to organised retail.
WALGREENS FY results
US drugstore chain Walgreens has reported that total sales for fiscal 2007, which ended August 31, stood at USD53,758 million up 13.4% from USD47,409 million. Comparable store sales for fiscal 2007 increased 8.1% while front-end comparable drugstore sales rose 5.8%. Prescription sales, which accounted for 65.0% of total sales in fiscal 2007, climbed 14.7% for the year.
WAL-MART starts holiday price wars
Wal-Mart Stores yesterday cut prices by between 10% and 50% on its "Top 12 Toys of Christmas," and signalled that more reductions are coming.
CARREFOUR may consider cash & carry as Indian entry route
Carrefour, which had held talks with several Indian companies for a joint venture, may now enter the country through the wholesale cash-and-carry route.
TESCO first half underlying profit rise
Tesco has this morning reported a 14.3% rise in first half earnings with underlying pre-tax profit for the 26 weeks to August 25th up to GBP1.32 billon (USD2.6 billion). 'Tesco has delivered strong first half progress across the group, despite the challenges posed by the start-up investment required to establish our new US and Direct businesses and by the effects of poor summer weather in the UK,' according to chief executive Terry Leahy. Group sales increased by 9.2% to GBP24.7 billion (USD49 billion), At constant exchange rates, sales increased by 9.5%.
Cloud looms over US shopping season
Amid expectations of dropping home prices, foreclosures, job cuts and concerns about toy safety, Americans are bracing for their gloomiest holiday season in years.
WOOLWORTHS bolsters online supply chain in time for Christmas
Woolworths has implemented a new supply chain management system at a key depot to help it better handle the high number of small-value orders that it typically processes on its woolworths.co.uk website. The firm has just completed a 16 week project to roll-out the supply chain system from Manhattan Associates at its distribution centre in Stoke-on-Trent, which serves online customers and is run by distribution firm Wincanton.
WAITROSE boss hits out at Tesco
The managing director of John Lewis owned Waitrose in the UK, Mark Price, has said that the Competition Commission must take action to stop Britain turning into "Tescoland". Mr Price said that if Tesco's growth went unchecked, there could be only Tesco and Asda left in the market within a quarter of a century.
TESCO retunes Property Market
According to unconfirmed reports in the UK press, Tesco is turning its low-cost property-selling service into a full-blown estate agency. Tesco Property Market was only launched in June 2007.
Private equity offer for Sainsbury hits pension fund hitch
The Sainsbury family would block a £10,6bn bid for retailer J Sainsbury if Delta Two, one of the bidders, failed to strike a deal with pension trustees, an insider source said Tue 9 Oct.
US thirst for ethanol to feed food prices
The cost of food spiked right on cue last year when economists warned that America’s thirst for ethanol would drive up the cost of the grain used to feed livestock.
WAL-MART offers broadband Internet access service
Hughes Network Systems has announced that consumers across North America will be able to purchase HughesNet, a satellite broadband Internet access service, from Wal-Mart, giving customers in rural areas the opportunity to experience the benefits of high-speed Internet access.
TESCO announces date for first store openings in USA
Tesco has announced the grand opening date for its foray into the US. Six Fresh & Easy Neighborhood Market stores in Los Angeles, Orange, Riverside and San Bernardino counties are scheduled to open on Thursday, November 8.
SAINSBURY Q2 underlying growth slows
In the UK, Sainsbury has this morning reported an expected slowdown in second quarter underlying sales growth due to the bad summer weather. For the 16 weeks to Oct 6 the group's like-for-like sales, excluding fuel, increased 3.1%.
TENGELMANN´s food banners continue to suffer as non-food divisions boom; no news on Plus sale
In Germany, family-owned international retail group Tengelmann has released the results of its 2006/07 financial year this morning, with CEO Karl-Erivan Haub saying that group sales totalled EUR24.52 (USD30.7 billion), corresponding to a 3.2% increase when excluding currency effects. Sales in Europe rose by 4.9%, reaching EUR19.24 billion (USD24.1 billion), while sales in the US fell by 2.6% to EUR5.29 billion (USD6.6 billion), partly due to the sale of the Canadian operations in 2005. At the end of the financial year, Tengelmann operated in a total of 14 European countries, as well as the US.
WAL-MART sees benefits from RFID
Speaking at a recent trade show, RFID strategy leader at Wal-Mart, Ron Moser, said that the retailer could increase sales by USD287 million by fixing just a small portion of its inventory problems using RFID technology, and that could be just the start. Currently, around 2% of all lost sales are due to the simple fact a store has run out of an item, but 41% of lost sales are due to inventory problems, according to Mr Moser.
CARREFOUR third quarter sales rise fuelled by acquistions
Carrefour has reported that third quarter sales increased 5.8%, fuelled by acquisitions this year in Brazil and Poland. Revenue rose to EUR23.11 billion (USD32.8 billion) from a restated EUR21.82 billion (USD27.38 billion) a year earlier. CEO Jose Luis Duran added stores outside France and cut prices at home to match discounts by competitors such as E.Leclerc. The acquisition of Atacadao in Brazil and the purchase of Ahold in Poland have helped Carrefour tap faster-growing markets.
WAL-MART Canada teams up with Western Union
Wal-Mart Canda has teamed up with Western Union, a major money-transfer service provider, to offer global money transfers and 'Quick Collect' services to consumers in Canada.
CARREFOUR prepares sale of outlets in Italy
According to unconfirmed reports in the Italian press, Carrefour is preparing the sale of 11 hypermarkets and real estate in southern Italy, and 17 cash & carry centres in northern Italy in a deal worth more than EUR1 billion (USD1.4 billon).
Weak dollar boosts Coca-Cola’s net profit 13%
Coca-Cola said yesterday that its quarterly net profit rose a better-than expected 13%, helped by strong sales of non carbonated drinks and the weak dollar.
WAL-MART property firm eyes India, LatAm expansion
British property develop Gazeley has announced that it has opened an office near Delhi to assist the entry into India of its parent company Wal-Mart Stores. Gazeley, which provides Wal-Mart with its distribution warehousing needs in Britain and China, said it has also set up its first Latin American operation in Mexico.
TESCO launches Greener Living Club
Speaking at an industry conference yesterday, the senior web marketing manager at Tesco, Charlotte Tookey, said that the launch of the retailer’s “Greener Living” website this week is a milestone as it is the first time a Tesco Club has been launched “online only”.
Sainsbury goes 'greener' and 'fairer'
According to reports in the UK marketing press, Sainsbury is converting key lines of its TU clothing private label to 100% Fairtrade cotton. By early January, all men's standard T-shirts and more than half of women's will be made from Fairtrade cotton. It also plans to convert 25% of its cotton jerseys.
CARREFOUR Spain nine months sales rise
Carrefour’s Spanish division has reported a 4.7% rise in sales for the first nine months of the year to EUR10.359 billion (USD14.1 billion). The supermarket chain Carrefour Express reported the fastest growth, with a 15.7% rise to EUR509 million (USD682.9 million). The group’s hypermarket operation recorded a 4.8% rise in sales to EUR6.785 billion (USD9.1 billion), whilst its discount chain Dia recorded a 2.8% rise to EUR2.349 billion (USD3.2 billion).
CARREFOUR switches to cross docking
As part of a larger re-structuring scheme, Carrefour is moving its logistics system towards cross docking in order to reduce stocks, with all of its French distribution centres currently converted to the new concept in a scheme that will stretch out into 2009 or 2010.
SAINSBURY boss defends grocery code of practice
As reported by Retail Week, the chief executive of Sainsbury, Justin King, has mounted a robust defence of the controversial Supermarkets Code of Practice, "I do not buy the argument that it (the code of practice) needs more teeth. We think it is an excellent mechanism and we do not believe it is an ineffective tool.
WAL-MART cuts more prices ahead of holiday season
Wal-Mart Stores yesterday announced that it was cutting prices on 15,000 more items this week as the retailer tries to boost sales ahead of the holiday season.
WAITROSE unveils private label wine
As reported by the trade press, in the UK, John Lewis owned Waitrose has launched the first ten wines that will make up its new private label range, called In Partnership With. The range has been developed over the past 18 months, with some of the wines rolled out over the summer to test consumer reaction.
WAL-MART creates new product development position
Wal-Mart Stores has announced that the executive who led the retailer’s sustainability efforts, Andew Ruben, is to take up a newly created position in product development.. Mr Ruben will oversee Wal-Mart’s private label brands, including Sam’s Choice and Great Value.
Wal-Mart bids for all of Japanese supermarket chain
Wal-Mart Stores will spend up to ¥100bn ($878m) to buy out minority shareholders in Japanese supermarket unit Seiyu after a five-year investment failed to return the Japanese chain to profit.
TESCO launches Facebook initiative on clothing website
As reported by Drapers, Tesco has launched a Facebook inspired initiative on its clothing website to encourage customers to swap fashion ideas and personalise their shopping experience. Fashionfile, which was unveiled last week at www.tesco.com/clothing, is described as a "personal space" on the retailer’s website for shoppers.
SAINSBURY gives away energy saving light bulbs
To mark Energy Saving Week in the UK, Sainsbury has announced plans to give away one million energy saving light bulbs - the number it normally sells in a year. The bulbs will be handed out on Saturday in return for pledges from customers to try to save energy. Sainsbury's said the aim was to encourage customers and staff to switch on to greener alternatives during darker months.
WAL-MART Spells Out Growth Plans
Wal-Mart has updated its plans for growth for the current fiscal year, and provided details about its worldwide expansion plans.
WOOLWORTHS states that Warehouse takeover decision was wrong
In New Zealand, in his opening submission for Australian group Woolworths, David Goddard QC, yesterday said that the Commerce Commission was wrong in deciding that a Woolworths’ takeover of The Warehouse would harm competition.
WAL-MART defends decision to buy rest of Seiyu
Speaking at the retailer’s analyst meeting yesterday, the chief financial officer of Wal-Mart’s international business, Wan Ling Martello, defended the recent decision to acquire the remaining shares in Japanese subsidiary, saying that Japan is of major strategic importance, "We are convinced that full ownership by Wal-Mart is the best way to enable Seiyu and Wal-Mart to deliver long-term benefits to all stakeholders.”
CARREFOUR launches hybrid card in Brazil
According to reports in the local press, Carrefour’s Brazilian banking subsidiary, Banco Carrefour, is to begin offering a hybrid card (private label with Visa banner) next month.
Canada, Mexico and China on WAL-MART's list
Eighty percent of Wal-Mart’s new store square footage expansion in 2008 will take place in Canada, Mexico and China, according to the CEO of Wal-Mart International, Mike Duke.
CARREFOUR acquires Artima in Romania
In Romania, Carrefour has announced an agreement this morning to acquire local supermarket chain Artima for EUR55 million (USD73.7 million). Artima operates from 21 stores in Western Romania with a total sales area of around 21,000m square metres.
WAL-MART Costa Rica supports SMEs
Wal-Mart Costa Rica, supported by the municipalities of Heredia, Barva and Flores and the Ministry of Economy, has launched the first round of its business programme for the strengthening of small and medium enterprises.
CARREFOUR in procurement deal in Italy
According to unconfirmed reports in the Italian press this morning, Carrefour has reached a deal to create a purchasing centre with two local groups Finiper and Agora Network.
TESCO launches organic/fair trade clothing ranges
In the UK Tesco is to launch its first fairtrade clothing offer next year.
CARREFOUR opens first Carrefour City in Spain
Carrefour has opened its first Carrefour City in Madrid, a pilot outlet with an area of around 330 square metres and four checkouts.
Unilever cuts back despite strong sales
Unilever, the world’s second-largest consumer-products company, said yesterday third-quarter profit rose 37% on detergent sales in Asia and Africa.
TESCO welcomes CC findings
Tesco yesterday welcomed comments from the Competition Commission in the UK suggesting that the body does not see the retailer’s dominant market position as anti-competitive.
WAL-MART partners with Clinton in environmental campaign
Wal-Mart and the Clinton Climate Initiative have announced a partnership to help bring environmentally-friendly technologies to cities across the United States and around the world.
M&S buoyed by profit rise, to expand in Asia
The UK’s largest clothing retailer, Marks & Spencer Group, said yesterday first-half profit had risen 40% and it announced plans to open its first outlets in China.
CARREFOUR installs instore TV in Brazilian hypermarkets
Thomson is launching a Brazilian TV network for retailers to broadcast to customers in their stores, and it has agreed with Carrefour to have screens showing the network at more than 100 hypermarkets by the end of the year.
CARREFOUR predictions on 2007 Argentina sales
Carrefour’s Argentine unit has said that it expects sales to rise 35% this year as consumer spending fuels the country's economy.