Retail news
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India’s foreign retailer plans come under fire
- Posted:
- 28 November 2011 10:28
India's new open-door policy for foreign retailers is stirring a backlash from some state governments who fear the move will be unpopular with smaller traders and shop owners in their constituencies.The new regulations do not require parliamentary approval but, to set up shop, foreign retailers such as Wal-Mart and Tesco ...read more
India to open to foreign retailers
- Posted:
- 25 November 2011 10:03
India's cabinet has decided to allow more direct foreign investment in the nation's huge retail industry, a move that could strengthen the country's food supply chain and open India to giant global retailers such as Wal-Mart and Tesco.The cabinet approved 51% foreign direct investment (FDI) in multi-brand retail and increased ...read more
Dixons Retail bucks electronics trend
- Posted:
- 24 November 2011 10:07
Dixons Retail, which owns Currys and PC World, rose above the troubles of its rivals today, by posting an improved UK trading performance.The company, which has 640 stores in the UK and Ireland, said pre-tax losses in the UK narrowed to £3.9 million in the 24 weeks to October 15th, ...read more
Arcadia suffers 40% blow to profits
- Posted:
- 24 November 2011 10:06
Dixons Retail, which owns Currys and PC World, rose above the troubles of its rivals today, by posting an improved UK trading performance.The company, which has 640 stores in the UK and Ireland, said pre-tax losses in the UK narrowed to £3.9 million in the 24 weeks to October 15th, ...read more
Asda sales up, despite drop in customers
- Posted:
- 16 November 2011 10:12
Supermarket giant Asda said today that customers were shopping less frequently but spending more in a bid to overcome high petrol prices.The UK's second biggest grocer behind Tesco saw like-for-like sales, excluding VAT and fuel, increase by 1.3% between July 1st and September 30th.Asda, which holds 17% market share compared ...read more
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