Woolworths to Initiate New Launches in the Future
Submitted by Harkamal Singh on Mon, 03/15/2010 - 17:49Supermarket giant Woolworths Ltd.'s Everyday Mobile was unveiled in August 2009, offering $2 SIM cards, unlocked mobile phone handsets along with pre-paid plans for sale in its supermarkets, Big W stores and other outlets.
U.S Retail Sales Marks an Unexpected Rise
Submitted by Medha Sood on Sat, 03/13/2010 - 19:42Retail sales in U. S registered a unexpected climb in February despite falling car demand amidst trouble at auto maker Toyota MotorCorp and snowstorms that handicapped the East Coast for days.
The positive performance also extended hopes that the recovery from the Great Recession is grabbing pace.
Dollar Grows Following Strong US Retail Sales
Submitted by Medha Sood on Fri, 03/12/2010 - 20:35The dollar registered a gain against rivals Friday morning after stronger U. S. economic data triggered bets that the Federal Reserve will toughen monetary policy sooner than anticipated.
The greenback led to intraday high against the yen, trading close to the Y91 level, and pared overnight losses against the euro after U. S. retail sales in February unexpectedly climbed.
Billabong Hit by Indonesian Civil Claim over License Dispute
Submitted by Sundeep Matharu on Tue, 03/09/2010 - 19:40Billabong International, the world's biggest publicly traded surfwear maker, landed in the court by its former Indonesian licensee, CV Bali Balance (CVBB), on account of the cancellation of its distribution license in Indonesia.
Postie Plus Reports Reduced Losses in First Half of New Year
Submitted by Harkamal Singh on Tue, 03/09/2010 - 16:10Compared with the amount of losses suffered by the cloth retailing giant Postie Plus in the previous year, the losses reported in the first half of this year, ending this January, have come out to be relatively lower.
Posties is a chain of 79 Postie and clothing stores, spread nationwide.
After New Tax Regulations, Amazon.com Stops Advertising with Colorado Associates
Submitted by Sundeep Matharu on Tue, 03/09/2010 - 15:54After the new sales-tax regulations on online vendors, Amazon. com Inc. decided to drop its advertising retailers in Colorado.
Matalan Founder, John Hargreaves, Compensates Himself With £250m Dividend
Submitted by Sundeep Matharu on Mon, 03/08/2010 - 19:26Matalan, founder, John Hargreaves has planned to compensate himself with a hefty amount of £250m dividend out of the total amount of £525m decided as the refinance amount to be funded by the banks and investors. John is in continuous talks with the banks and financiers to fund the 200 store chain to settle Matalan's debt of approximately £260m.
Stop & Shop Wins Tentative Agreement with Labor Unions
Submitted by Aaron Ross on Sun, 03/07/2010 - 10:19The chain of supermarkets, Stop & Shop will be entering into an agreement with labor unions in Connecticut, Rhode Island and Massachusetts. Stop & Shop executives will attend an official meeting with the unions on Sunday.
Retail Sector Manages to Bounce Back, Looking to Stay Afloat
Submitted by Ryan Bilanich on Fri, 03/05/2010 - 18:30The retail sector had been the hardest hit during the global recession, with people being very cautious about shopping and spending money. Even the Christmas season last year had been luke warm, albeit a little better than the
2008 holiday season.
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Sales in February Rise Remarkably Despite Bad Weather
Submitted by Sundeep Matharu on Fri, 03/05/2010 - 17:46Evading the fears of losses in sales due to the terrible snowstorms in February, the U. S. markets have witnessed a remarkably high scale of sales since 2007.
"If anybody was wondering about the real state of the consumer, this is their answer", said John D. Morris, a retailing Analyst with BMO Capital Markets. "The consumer is coming back", he added.
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