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CHINA NEWS & EVENTS
LATEST RETAIL NEWS FROM NOWHERE
BJs Wholesale Club to be acquired by affiliates of Leonard Green & Partners
The new Consumer Report survey of fast food content and the service quality at fast food restaurants received a great deal of press coverage. Much of it centered on the low nutritional value of McDonald’s (NYSE: MCD) menu. The study did not state the obvious. Fat is fat.
Apple hipness for JC Penney? Ron Johnsons retail challenge ahead
J.C. Penney’s stock shot up Tuesday as if God himself had been named to run the middle-of-the-road department store chain, jumping 17.5 percent in one day after news broke about the current CEO’s successor. And in the retail world, it might as well have been.
Carrefour defends Dia spin-off and keeps targets
Carrefour (CARR.PA), the world's second-biggest retailer which is struggling against tough trading conditions, said discount chain Dia is likely to be valued at over 4 billion euros when it is spun-off in July.
Menu Planing: Picking Winners
PG looks at how well-designed menu plans are helping three regional retailers succeed in the ever-popular supermarket foodservice derby.
Apples App Store Has Had Half-a-Million Apps
It's not an official count, but Apple has reportedly seen 500,000 apps pass through the App Store.
LATEST RETAIL NEWS FROM CHINA
Explosion At China IPad Factory Shows Supply Risks
An explosion at one of two factories that make Apple's new iPad 2 highlights the risks of a global manufacturing strategy that has cut costs but concentrates production in a few locations.
China Imports in the Grocery Store: A Cause for Concern
companies that import frozen products from China engage in very rigorous verification and inspection efforts to monitor the quality and safety of the product they’re importing.”
Rt-Mart Eyes USD1 Billion From IPO In Hong Kong
Taiwan-based supermarket retailer Rt-Mart has submitted an initial public offering application to Hong Kong Exchanges and Clearing Limited, aiming to get listed within 2011 and gain USD1 billion for store expansion.
Jiangsu Suguo Achieved Sales Of CNY11 Billion In Q1 2011
Jiangsu-based supermarket operator Suguo has announced its sales report for the first quarter of 2011, stating that its overall sales reached over CNY11 billion, a year-on-year increase of over 20%.
Electronics Retail Profits Soar In China For Suning
Chinese home appliances and electronics retailer Suning has announced its performance report for the first quarter of 2011, stating that from January to March 2011, the company's operating revenue increased by 23.2% year-on-year to CNY20.58 billion; and its net profit increased by 27% year-on-year to CNY1.12 billion.