The disconnect in trading conditions between discretionary and non-discretionary retail spending in Australia was confirmed on Monday with the release of December 2011 retail trade data by the Australian Bureau of Statistics (ABS), which highlighted annual food turnover has continued to grow strongly at 4.2 percent, while department stores and clothing turnover posted an aggregate fall of -2.6 percent; the worst annual performance on record.
Eastman Kodak Company announced on Thursday that, consistent with its previously announced intention to sell non-core assets to sharpen the Company's focus on its digital growth initiatives and accelerate Kodak's transformation to a digital company, it has agreed to sell its Eastman Gelatine Corporation business to Rousselot, part of the Netherlands-based Vion Food Group.
Online retail giant Amazon recently announced "Best of Digital" store, which features recommendations from Amazon's team of editors on must-have movies & TV shows, music, video games, software, mobile apps, magazines and Kindle books, along with hundreds of deals on digital content.
Gap Inc. on Friday announced the launch of its first flagship store in Hong Kong. The store is Gap's ninth in the Greater China region as the company continues to expand the international reach of its brands through its franchise, online and company-operated channels.
Starbucks Coffee Company has recently announced the expansion of Starbucks VIA Ready Brew to six additional countries, bringing its availability to all Starbucks locations in Asia.
This September, Starbucks stores in South Korea, Indonesia, Malaysia, Singapore, Thailand and Australia will carry Starbucks VIA Ready Brew in Colombia and Italian Roast. This expansion doubles the number of countries outside the US, and further builds upon the company’s global coffee leadership and expertise, through a broadened coffee portfolio.
Japanese Entertainment Enterprise Group, Bandai Namco Holdings Inc.'s subsidiary company, Bandai Korea Co., Ltd. has opened the Korean version of official Gundam Information Portal Site which is managed by the same group, www.gundam.info on 15 July.
Gundam Info portal site which will deliver all the latest Gundam news every day, has already been published in Japanese, English, Simplified Chinese, Traditional Chinese (Hong Kong), Traditional Chinese (Taiwan), and opened recently in Korean, to convey all the latest information within Korea as well as around the globe.
The Procter & Gamble Company on last Friday filed a lawsuit against Luhns GmbH, a private-label manufacturer and distributor of Hand Dish Washing liquids, in the District Court of Düsseldorf, Germany (Landgericht Düsseldorf). The lawsuit alleges that Luhns GmbH is violating P&G's intellectual property by manufacturing and selling certain Magnum(TM) private label Hand Dish Washing detergents to a retailer in the UK.
ERP Logic, Inc. has announced that it is expanding its reach in the India market by opening new offices in Bangalore and Salem. ERP Logic is an SAP channel partner and among the top performing SAP Business ByDesign solution reseller in North America as well as a solution partner for SAP Business ByDesign and SAP services partner. It was recently named the 2010 SAP Business ByDesign Partner of the Year, North America by SAP Americas for best in overall performance.
California Pizza Kitchen Inc. on Monday announced an agreement to expand into Taiwan with new franchise partner, Quanta Foods. As part of the agreement, a minimum of 6 new California Pizza Kitchen restaurants are expected to open in Taiwan over the next 5 years.