Hello and good day!
Bright outlooks for some major players in the Far East today with Spar to open more stores in India and Snapdeal to now sell real estate online too. Some much bleaker prospects are to be found in the Western part of the retailers' world today.
C-star is China's most international retail show
The first edition C-star was a huge success. On a net exhibition space of 5000 square meters, C-star featured 162 exhibitors from 23 countries. Despite being held for the first time, 5721 visitors from 59 countries and regions came to visit the show, with 18% coming from overseas. This makes C-star China's most international retail trade show.
Join us next year for another exciting edition of C-star!
Monsanto wishes to go UK The agrochemicals group has not given up its ambition to buy Swiss rival Syngenta and proposes a ‘corporate inversion’ deal that would involve creating new parent company registered in Britain and switching the company's headquarters from the US to the UK.
Sears experiences further sales slide Although the retailer's first-quarter loss narrowed, its sales continue to slide. Now the company prepares to raise cash by rolling out its real-estate investment trust.
Kroger promotes execs The grocery retailer has promoted Fred Morganthall to senior VP of retail divisions for The Kroger Co. Rod Antolock succeeds Morganthall in his former role as president of the Kroger-owned supermarket chain Harris Teeter.
Focus on National economies
Italy The Italian retailers' association Confcommercio welcomed the government's attempt to encourage growth by simplifying business processes. The association expects that it will take Italian families 15 years before their spending returns to levels seen before the global economic crisis.
China It is not only the country's slowing economy, but business practices make Chinese supermarkets ill-equipped to compete. Net profit declined at eight of 15 listed Chinese supermarket operators last year.