LONDON, United Kingdom — Tesco Plc, the U.K.’s largest supermarket operator, is returning to the U.S. with its standalone clothing store F&F, a year after selling its grocery business in the world’s biggest economy.
LONDON, United Kingdom — NewRiver Retail Ltd. invested in a 24th U.K. shopping center, convinced the property will generate reliable income even in hard times, its chief executive officer said. The real-estate owner’s shares are outpacing competitors.
MUMBAI, India — India is the next great frontier for global retailers, but a daunting array of permits force retailers to pay so-called "speed money" through middlemen or local partners to set up shop.
Full Spectrum, Less Spectacle (NY Times) “Don’t be fooled by the giant lion at Chanel… Most of the remaining half-dozen or so houses that show haute couture scaled down their presentations… a nip here, a tuck there and a P.R. man explaining in a hushed tone that the designer wanted to ‘return to couture’s roots.’” Luxury shoppers pull back in June (Bloomberg) “MasterCard Advisor’s
Adidas Net Profit Drops 65 percent (WSJ) “Adidas reported a sharper-than-expected 65% fall in quarterly net profit Wednesday, but said it expects a rise in 2010 sales and earnings.” H&M plans two-for-one stock split (Reuters) “The world’s third largest fashion chain by sales said on Wednesday its board would propose the split at its annual shareholders’ meeting on April 29 and it would take effect