The bookseller was up against a tough comparisons with last July’s release of the final installment in the “Harry Potter” series. Despite the drop, B&N beat analysts’ expectations. The Wall Street Journal (Aug. 21, 2008) Paid subscription may be required.
The world’s biggest retailer posted a 17 percent increase in second-quarter profit today and raised its full-year earnings forecast, apparently partly of a renewed focus on its low-price message. The New York Times (Aug. 14, 2008) Wal-Mart also plans to add 80-plus stores to the 318 it currently operates in Brazil, beginning next year. The [...]
Britain’s largest supermarket chain, TESCO, has plans to open a wholesale Cash & Carry business in INDIA. In addition, Tesco has signed a deal with India’s TATA Group to develop it’s hypermarket business. Currently, India’s government has foreign investment rules that prevents multi-brand retailers such as Walmart and Tesco from opening retail outlets. They can only [...]
Readex a division of NewsBank Inc. and the Center for Research Libraries, announced that they are in the process of creating the world’s largest, fully searchable digital archive of international newspapers. The goal of The World Newspaper Archive is to give users unprecedented access to historical newspapers published outside the U.S. NewsBreak (July 7, 2008)
Hearst Business Media and IDG have partnered in the acquisition of Ee365.cn, a news and technology website that will target Chinese engineers. Ee365.cn launched in June 2006 and is divided into 21 channels based on several different industrial segments. China’s Publishing House of Electronic Industry is also involved in the partnership, though the exact details [...]
China’s General Administration of Press and Publications has banned the June issue of Time Out Beijing. Editor Tom Pattinson said that the reason for the ban was because the magazine was missing a printing permit, but also acknowledged the suspicious timing of the ban, only 2 months before the Summer Olympic Games. Folio (June [...]
Netherlands-based Corporate Express NV has agreed to be acquired by Staples Inc. for $2.7 billion, ending four-month-long courtship. The acquisition will diversify Staples’ core retail sales business by adding Corporate Express’s more profitable delivery service agreements with mostly large corporate customers. After the acquisition, Staples will generate more than $27 billion in annual revenue — [...]
Yucaipa Cos. has raised $1.2 billion for its Yucaipa American Alliance Fund II LP, which claims a $2 billion cover amount. Led by billionaire investor Ron Burkle, the fund will continue Yucaipa’s strategy of “taking primarily controlling investments in underperforming U.S. companies in the distribution, logistics, food, retail, consumer and light industrial sectors.” Dow Jones [...]
The company has scheduled a conference call to discuss the results at 4:30 p.m. Eastern Time on that day. Source Interlink Press Release (Mar. 25, 2008)
Freedom Shopping, Inc., an RFID solutions provider, today announced the availability of the retail industry’s first RFID-enabling retrofit solution for existing POS terminals. In a press release, the company predicted that the breakthrough should help speed RFID’s adoption at the point-of-sale. Company Press Release via Yahoo! Finance (Mar. 21, 2008)