Retail Stores Fail in Germany for the Same Reason They Fail in the United States (see addendum) The NYT had a story about an uptick in confidence among German retailers, suggesting that German consumers will increase their spending. The piece noted that Germans save more than people in the U.S. then told readers: “Germany’s economy [...]
Retail Stores Fail in Germany for the Same Reason They Fail in the United States – Business Insider
March 28, 2012 Via Leave a Comment
Asda’s UK Grocery Market Share Rises To 17.9% – WSJ.com
March 27, 2012 Via Leave a Comment
LONDON (Dow Jones)–Asda’s U.K. market share rose to an all time high with a year-on-year market share growth rate of 7.8% leading the big four, according to the latest figures from Kantar Tuesday, largely reflecting the full integration of its Netto stores. For the 12 weeks ended March 18, Asda’s market share rose to 17.9%, [...]
Ethiopia Negotiating with Walmart
March 26, 2012 Via Leave a Comment
Ethiopia is in the process of negotiations with multinational retailer Walmart to facilitate the entry of the corporation in the Ethiopian market. A delegation sent by the Ethiopian government met with officials from the US based corporation last week according to sources. The Ethiopian government is considering the move to invite Walmart as part of ongoing [...]
UK retail sales undershoot expectations – FXMM
March 23, 2012 Via Leave a Comment
It was another lively session yesterday as UK retail sales disappointed by undershooting expectations. Very poor eurozone services and manufacturing growth figures set the tone for the day but the euro has proved remarkably resistant, bouncing back this morning. It is a relatively quiet end to the week data-wise, with just some US new home [...]
Brazilian Stocks Edge Higher On Strong Local Retail Sales – WSJ
March 23, 2012 Via Leave a Comment
SAO PAULO (Dow Jones)–Brazilian stocks struggled to stage a comeback in early trading Friday as investors awaited relief from a string of bad signs for the global economy. Around 10 a.m. EDT, the local market’s Ibovespa index of leading issues was up 0.2% at 65,981 points. The index tumbled more than 1.5% on Thursday amid [...]
Li & Fung Says U.S. Orders Improving as Profit Gains 24% – Bloomberg
March 23, 2012 Via Leave a Comment
Li & Fung Ltd. (494) said orders are picking up in the U.S., its biggest market, after the world’s largest supplier of clothes and toys to retailers reported a bigger-than-expected jump in 2011 profit. The stock surged. Chief Executive Officer Bruce Rockowitz said customers in the U.S., where the company made 60 percent of its [...]
Wal-Mart, Bharti JV In Talks With Banks To Raise INR5 Bln
March 21, 2012 Via Leave a Comment
BANGALORE (Dow Jones)–Bharti Walmart Pvt. Ltd. Tuesday said it is in talks with several banks to raise about INR5 billion ($96 million), which it will use to fund the rapid expansion of its business in Asia’s third-largest economy. The joint venture between U.S. retail giant Wal-Mart Stores Inc. (WMT) and India’s Bharti Enterprises Ltd. will [...]
Asda’s marketing chief moves to Walmart – Financial Times
March 19, 2012 Via Leave a Comment
Rick Bendel, Asda’s long-serving marketing director, is to move from the supermarket chain to a new role at its parent Walmart. He will be replaced as chief marketing officer of Asda by Walmart executive Stephen Smith. Mr Bendel, who has been chief marketing officer for Walmart’s international arm for the past three years, will work [...]
The legal implications of the Walmart/Massmart ruling – Business Day
March 19, 2012 Via Leave a Comment
HEATHER Irvine is a director at Norton Rose, the law firm. SUMMIT TV: The Competition Appeals Court dismissed the review application brought by the government and the trade unions to overturn the Competition Tribunal decision to allow the Walmart/ Massmart merger on what they called “flimsy” conditions. What has been decided? HEATHER IRVINE: Essentially the [...]
Asda hands marketing reins to Walmart China exec – The Grocer
March 19, 2012 Via Leave a Comment
Asda has appointed Stephen Smith as its new chief marketing officer. Smith currently heads up the marketing team for Walmart in China, having joined the global retail giant last July. At Asda he will take over from Rick Bendel, who is moving into a broader project-based role for Walmart. “I was delighted that Steve joined [...]
