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Holiday offers fail to pay off for Sears

Business | Retail
2009-11-20

SEARS Holdings Corp said yesterday that it lost money for the second consecutive quarter as customers spent elsewhere despite a series of early holiday season promotions to bring them back to its brands. The company...

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Retail sales in UK climb in October

Business | Retail
2009-11-20

UNITED Kingdom retail sales rose in October but lending conditions remained tight, suggesting recovery from recession will be slow, official figures showed yesterday. The 3 percent rise in retail sales was the...

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CEO for retailer

Business | Retail
2009-11-19

BRITISH retailer Marks & Spencer Group Plc said yesterday that it has picked Morrisons supermarket CEO Marc Bolland to take over as its new chief executive next year. Bolland will succeed Stuart Rose, who will continue...

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Retail sales in US higher than expected

Business | Retail
2009-11-17

SALES at retailers in the United States rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report...

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Hardware store hits hard times

Business | Retail
2009-11-17

HOME-IMPROVEMENT retailer Lowe's Cos said yesterday that its third-quarter profit fell 30 percent as customers continued to delay large purchases amid a weak economy. Profit in the quarter ended October 30 was...

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Subsidies for 3G to tap demand

Business | Retail
2009-11-16

SUNING Appliance Co Ltd and China Mobile started to subsidize third-generation, or 3G, cell phones in Shanghai at the weekend to tap the booming market during the prime sales season. Customers who upgrade their...

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Tesco to open malls via venture

Business | Retail
2009-11-14

BRITISH retailer Tesco Plc will form a partnership with a group of Asian enterprises to open three malls in China. Tesco said it plans to invest 100 million pounds (US$166 million) in a joint venture with HSBC...

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New mall set for Caojiadu area

Business | Retail
2009-11-13

YUEDA 889, a landmark shopping mall in the Caojiadu area in Shanghai's Jing'an District, will be launched by the end of this year. With an investment of 350 million yuan (US$51 million), the six-story shopping...

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Metro feels pinch of recession

Business | Retail
2009-11-4

GERMAN retailer Metro AG said yesterday its net income for the third quarter fell 55 percent as the company saw a number of negative earnings effects, including currency rate fluctuations and deflationary trends in...

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UK retail sales volumes increase after tough year

Business | Retail
2009-10-28

BRITISH retail sales volumes grew at their fastest pace in almost two years in October, a survey indicated yesterday, with retailers more upbeat about future prospects than at any time since July 2007. The Confederation...

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Stimulus moves spur retail sales

Business | Retail
2009-10-23

CHINA'S retail sales rose 15.1 percent on an annual basis in the first three quarters of this year, bolstered by the government's stimulus policies that spurred domestic demand. After deducting for price changes,...

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British retail sales flat

Business | Retail
2009-10-23

RETAIL sales in Britain were flat in September compared to the previous month, with food store sales dipping slightly, as consumers remained cautious amid the economic downturn, official figures showed yesterday. ...

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Use digital media to tap inland areas

Business | Retail
2009-10-21

CHINA'S inland market of almost a billion people is a focus of central government development policies, but analysts advise investors to do their homework before venturing outside the nation's prosperous east coast...

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Consumers splash out US$84b

Business | Retail
2009-10-10

CHINA'S retail sales of consumer goods totaled 570 billion yuan (US$84 billion) during the National Day holiday, with average daily sales up 18 percent from the same period of last year, the Ministry of Commerce said...

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Tourist sites, retailers strike gold in Nat'l Day holiday rush

Business | Retail
2009-10-9

THE longest-ever National Day holiday wrapped up yesterday with Shanghai's tourism and retail markets reporting a major boom. The city welcomed about 5.8 million tourists during the eight-day holiday, up 17 percent...