Retail Trade
Amazon taps growing Brazil e-reader market
Mar 20, 2013 17:14 EDT
US online retail giant Amazon began selling its advanced Kindle Paperwhite e-reader in Brazil this week, tapping into the biggest consumer market in Latin America.
China to become biggest online market: study
Mar 20, 2013 13:17 EDT
China's online sales are forecast to exceed $420 billion annually by 2020, which will likely make the country the world's largest online retail market, a study showed Thursday.
Brazil e-commerce grosses more than $11 billion in 2012
Mar 20, 2013 12:55 EDT
Online commerce in Brazil last year grossed 22.5 billion reais (around $11.5 billion), up 20 percent over the previous year, the market research firm e-bit said Wednesday.
Red-faced Lululemon recalls too-sheer yoga pants
Mar 19, 2013 14:21 EDT
Lululemon Athletica designs clothes suited to rolling, stretching and other yoga moves. But the company itself took a tumble Tuesday after announcing its yoga pants were too sheer.
Authors oppose Amazon control of .book websites
Mar 11, 2013 20:25 EDT
Groups representing US authors and publishers have called on the Internet Corporation for Assigned Names and Numbers to deny online retailer Amazon exclusive rights to websites ending with .book, .author, or .read.
Chinese online retailer Alibaba names new chief
Mar 11, 2013 06:47 EDT
Chinese online retail giant Alibaba on Monday named a new chief executive officer after high-profile founder Jack Ma said he would step down in May.
When it comes to music, Sweden goes up stream
Mar 10, 2013 03:51 EDT
Despite being home to a vibrant community of file-sharing activists, Sweden is at the forefront of a global recovery in music sales driven by streaming music services such as Spotify, industry observers say.
Pakistan car dealers expect election sales boost
Mar 07, 2013 12:14 EST
Pakistan's motor dealers are expecting a huge surge in sales this month as political parties equip themselves for the upcoming election campaign.
Ikea pulls almond cakes after bacteria found
Mar 05, 2013 10:14 EST
Swedish furniture giant Ikea pulled a batch of almond cakes from its restaurants in 23 countries on Tuesday after Chinese authorities said they contained coliform bacteria, normally present in faecal matter.
Marriott, IKEA team up to launch new hotel brand
Mar 05, 2013 09:02 EST
US hotel chain Marriott said Tuesday it is teaming up with Swedish furniture giant IKEA to launch a new budget hotel brand in Germany and Europe, called Moxy Hotels.
Ikea meatball producer files complaint against supplier
Mar 04, 2013 12:48 EST
The Swedish producer of the Ikea meatballs found to contain horsemeat said it filed a police report Monday against a Swedish supplier that bought the tainted meat from two Polish abattoirs.
US auto sales post modest gains in February
Mar 01, 2013 19:29 EST
US auto sales grew four percent in February amid rising fuel prices, snowbound dealerships and uncertainty over the impact of looming government budget cuts on a fragile economy, data showed Friday.
Private equity firm buys HMV in HK and Singapore
Feb 28, 2013 12:14 EST
A Hong Kong-based private equity firm on Thursday agreed to buy music retail chain HMV's Hong Kong and Singapore businesses, hoping to revive the brand as the industry shifts towards digital downloads.
Ikea says horsemeat in meatballs, pulls more dishes
Feb 27, 2013 12:18 EST
Ikea said Wednesday it was withdrawing more food products from its stores in Europe as tests confirmed the presence of horsemeat in its meatballs.
Esprit reverses to $60 mn net loss
Feb 27, 2013 09:14 EST
Esprit Wednesday announced a net loss of HK$465 million ($60 million) for the six months ending December as the fashion retailer continues a four-year transformation drive.
Esprit reverses net loss to $60 mn
Feb 27, 2013 02:42 EST
Esprit Wednesday announced a net loss of HK$465 million ($60 million) for the sixth months ending December as the fashion retailer continues a four-year transformation drive.
Ikea withdraws meatballs as horsemeat 'found'
Feb 25, 2013 13:23 EST
Swedish furniture giant Ikea has withdrawn meatballs from sale in at least 15 European countries after horsemeat was found in the product by Czech authorities, the company said Monday.
Ikea says no horsemeat in US meatballs
Feb 25, 2013 13:22 EST
Ikea said Monday there was no horsemeat in its popular meatballs sold in the United States, after the Swedish furniture giant withdrew possibly horsemeat-tainted meatballs from stores in Europe.
Horsemeat found in Ikea meatballs in Sweden
Feb 25, 2013 07:57 EST
Swedish furniture giant Ikea has withdrawn its company-branded meatballs from sale in Sweden after horsemeat was found in the product by Czech authorities, the company said Monday.
Casino supermarkets reports profit leap
Feb 21, 2013 13:18 EST
French supermarket group Casino reported Thursday a surge of net profit for 2012 and was optimistic about prospects for 2013 owing to growth on international markets.
