Global Consumer and Retail 2013
LONDON/NEW YORK Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behavior changes could be permanent, industry executives say.
NEW YORK Boosted by recent high profile retail deals including Hudson's Bay Co's acquisition of Saks Inc and Neiman Marcus's sale to a new private equity group, merger activity in the sector has climbed this year, and top dealmakers expect more to come despite potentially higher interest rates.
NEW YORK Wal-Mart Stores Inc expects competition in the toy aisles to be so tough this holiday season that it has turned to the experts in the field: kids.
LONDON Reckitt Benckiser Group will be a major player in a coming shakeout of the global consumer health industry and has the firepower to do sizeable deals, its chief executive said. | Video
MADRID Spanish clothing retailer Cortefiel is stepping up expansion overseas, including a return to the United States, to try to compensate for a difficult domestic market. | Video
NOIDA, India Jubilant Foodworks Ltd is scouting for a third global brand to launch in India even as the fast food chain operator tries to grow its latest franchise with Dunkin' Brands Group and convince Indians that doughnuts can be sweet too.
MANILA Philippine conglomerate San Miguel Corp is planning to sell up to a quarter of the outstanding shares of its food unit next year in a follow-on offer to raise funds for the group's expansion, company officials said on Wednesday.
JAKARTA Kalbe Farma aims to almost double to 8 percent its revenues from Southeast Asia within the next two years as it expands beyond its home market Indonesia to take advantage of a regional trade zone.
LONDON Unilever will keep investing in emerging markets like India even though growth is slowing, Chief Financial Officer Jean-Marc Huet said, pointing to the group's increased stake in Hindustan Unilever as a long-term bet.
BANGKOK CP All Pcl , the retail flagship of Thai billionaire Dhanin Chearavanont's Charoen Pokphand Group, plans to refinance nearly 200 billion baht ($6.2 billion) short term debt into long term debt to control rising financial costs and boost margins, the company's finance chief says.
NEW YORK, Sept 9 - QVC is testing same-day shipping in Japan and is "actively looking" to enter new countries, efforts that should help the television shopping channel get 50 percent of its sales from outside the United States in the long run, its chief executive said on Monday.