Department Stores

Department Stores

Thailand's Central relishes Italian flair
January 25, 2012
Central Retail Corporation (CRC), Thailand's largest retail chain, has gone European, using Italy as a gateway to expand its retail empire worldwide. It became the first Asian retailer to really...
Person Career, Quotation
M&S Christmas sales boosted by food
January 12, 2012
Marks and Spencer has reported a modest rise in UK sales over the Christmas period, after strong food sales offset weaker trading elsewhere at the firm. The company also said margins would be lower...
food
Jusco's new HK store will beat retail woes, Aeon says
January 10, 2012
Aeon Stores on Saturday opens its second-largest Jusco department store in Hong Kong, saying it is confident the HKD70 million (USD9.01m) investment would break even in two years despite an...
Aeon, retail
Shanghai's shoppers flock to city stores
January 05, 2012
The year-end shopping spree, one of the hottest new year celebrations, provided a rich harvest for Shanghai's retailers. Shops and commercial hubs which had extended business hours and launched...
New Year's Day, Shanghai
Thailand's Central Silom Complex unveils new look
January 04, 2012
Thailand's Central Department Store Co will spend THB250 million (USD8m) to give its Silom Complex branch a facelift in 2012. President Yuwadee Chirathivat said the budget will be used to renovate...
Central Department Store Co, Person Career, Quotation, Silom Complex
Australia's Myer to close ACT store as sales slow
December 19, 2011
Myer said on Friday it will close its Tuggeranong store in the Australian Capital Territory (ACT) because of a slowdown in customers at the location. The retailer, which has been hard hit by the...
Business, The Sydney Morning Herald
Bangkok's Zen department store reopens on 25 Dec
December 14, 2011
Zen, Asia's first lifestyle trend megastore, will reopen on Christmas Day after closing for renovation for 18 months after arson in 2010. An executive at Zen department store said the company will...
Costco Wholesale 1Q profit up 2.6pc
December 12, 2011
Costco Wholesale says its fiscal first-quarter profit rose 2.6 percent. Higher costs ate up much of a 12.5 percent increase in revenue. The wholesale club operator reported on Thursday that its net...
Company Earnings Announcement, Costco Wholesale, USD
McInnes hits back at Zahra in DJs stoush
December 08, 2011
A war of words has erupted between the former high-profile chief executive of David Jones, Mark McInnes, and his replacement, Paul Zahra, about who is to blame for the poor performance of the high-...
Mark McInnes, Paul Zahra, Person Career
Japan department stores' New Year "lucky bag" to reflect post-disaster themes
December 06, 2011
Department stores in Japan are preparing "lucky bags" for the New Year's shopping season around the themes of family bonds, power-saving and emergency supplies in response to the 11 March...
Disaster, Japan
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