Wal-Mart Stores Inc offered a weak profit outlook, signalling that it expects economic pressures to keep weighing on its low-income shoppers around the world.
The world's largest retailer also said on Thursday that its fourth-quarter profit, which covers the crucial holiday season, dropped 21 percent. Its Wal-Mart stores recorded their fourth consecutive quarter of declines in revenue at stores open at least a year.
Hermès is letting its products speak for themselves with a behind-the-scenes video that shows the maison’s artisans at work. Entitled “No Comment”, suggests, the work behind Hermès’ range of products needs no verbal explanation as the results are able to stand on their own without much context.
Cosco Capital Inc., the investment vehicle of Lucio and Susan Co, is venturing into specialty retail with the purchase of homegrown Office Warehouse.
In a regulatory filing, the holding firm said it signed an agreement to acquire 100 percent of Office Warehouse Inc., a retailer of office and school products with 47 stores branches in Mega Manila.
Nestle, the world's biggest food and drinks maker, said it expects 2014 to be just as challenging as last year amid falling growth in emerging markets and weaker prices in Europe.
Nestle, based in Vevey, Switzerland, said that after a weak 2013, it expects an improvement only in the second half of 2014. Organic sales, which do not reflect acquisitions and currency fluctuations, are expected to grow about 5 percent next year.
The Central Group, one of the largest and most diversified retail groups in Thailand, will open its first Robinson-branded department store in Ha Noi in March this year.
The outlet will be located in the Royal City urban area in the southwest of the capital and will showcase quality products from various brands.
Online fashion and garment retailing is becoming a mainstream business and will drive India's retail story going ahead, feel investors and other industry players.
That's why private equity and venture capital firms are pumping money into portals such as Myntra and Jabong. Now, the investor focus would be more on profitability.
West Japan Railway Co. and Isetan Mitsukoshi Holdings Ltd plan to sharply scale down their struggling department store, JR Osaka Mitsukoshi Isetan, and manage it together with JR's adjacent specialty shop mall as part of a restructuring plan.
Competition has been heating up among retailers around JR Osaka Station in the past few years with the openings of Hankyu Department Store's refurbished Umeda flagship and the Grand Front Osaka large commercial complex.
Fauchon, the internationally renowned French culinary boutique best known for its top quality gourmet products and world-famous éclairs and macarons, has debuted its second boutique in Hong Kong.
Located at the Gateway Arcade at Harbour City, the 486 sq ft gift and retail boutique soft opened on Friday 20 December, 2013 for customers to enjoy in time for the festive season.
Enthused by Tesco's plan to enter the Indian supermarket segment, the Indian government expects another European major to apply for the multi-brand retail sector.
"In multi-brand retail trading, the first (application) has come. There will be more and I think another European major will come," Commerce and Industry Minister Anand Sharma said in New Delhi. He, however, did not share the details of the possible applicant.
Tiffany & Co on Sunday said a Dutch arbitration court ruled that it must pay Swatch Group CHF402 million (USD448.79 million) in damages over their failed joint venture to produce and market watches, and the New York-based jeweller slashed its profit outlook for the year.
Swatch, the world's largest watchmaker, and Tiffany, a New York-based jeweller, had struck an agreement in 2007 to develop watches under the Tiffany brand together.