Debenhams will open a store in Vietnam as part of a wider plan to boost its international portfolio.
The department store group is set to open a store in Ho-Chi Minh City in two weeks.
Chief executiv…
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China car sales hit record 12 million
Chinese car sales and production both exceeded 12 million between January and November, state media has said.
The China Association of Automobile Manufacturers expects car sales and output to top 13 m…
Customer loyalty a thing of the past
Customer loyalty is dead, long live cluster loyalty! This was the conclusion arrived at during UST Global’s Retail Razzmatazz. It has also been seen that clients are no longer faithful to partic…
Harvey Norman expects H1 up at least 40%
Harvey Norman Holdings Ltd says sales from its franchised store were up 7.7 per cent in the last five months and expects its first half profit to jump more than 40 per cent as the retailer predicts a …
Bharti Airtel slashes roaming rates by 60%
In a move widely expected to start a new war on roaming rates, leading mobile service provider Bharti Airtel slashed on Friday its charges for this by 60 per cent.…
Big back in fashion for retailers
Small is no longer beautiful for retailers. With customers returning to the shops, almost all retailers are now focusing on large format stores (15,000 to 20,000 sq ft or above) that allow them to sel…
World Bank boosts China growth forecast to 8.4 pct
The World Bank raised its 2009 growth forecast for China from 7.2 percent to 8.4 percent but warned Wednesday a sustained recovery will require a shift in the economy to emphasize consumer spending in…
iPhone now makes up 33% of all touchscreen phones
The iPhone now represents almost exactly one third of all touchscreen phones in the US, new comScore info says. Of all touch phones in the country, 32.9 percent are iPhones while all others trail sig…
Kidswear most resilient clothing sector
Kidswear has been the most resilient clothing sector during the recession, according to a report from market analyst Verdict.
The report also said that the closure of Woolworths late last year releas…
Best consumer confidence in 18-months
British consumer confidence is at its highest level for 18 months, despite people remaining anxious about the prospect of unemployment.
The British Retail Consortium’s monthly consumer confiden…