Retail

24.05.2012 23:26 48 comments America’s newest cause of racial outrage: pizza Never in the history of modern civilization have people been so divided over pizza. Until now, that is. A chain of take-out pizza joints is the center of controversy over plans to hand out free pies next month when orders are placed in Spanish.		23.05.2012 18:06 Burberry goes Latino: Luxury brand expands to South America As luxury goods companies have seen a slowdown in sales in recent months amid the eurozone turmoil, British luxury brand Burberry is turning a blind eye to calls for spending cuts and seeking to expand into Latin America.
22.05.2012 17:02 1 comment Robin Hood gesture: Tesco CEO waives $588,000 bonus Tesco chief Philip Clarke has turned down an annual bonus of $588,000 as he was disappointed by weak performance from the world’s third-largest retailer at the British market.		15.05.2012 15:58 1 comment Dixy net result up threefold in 2011 as Russia consumer confidence firms One of Russia’s largest food retailers, Dixy boosted all of its key financials in 2011. This mostly came on the back of increased sales, as Russians are becoming more confident about the economic outlook.
07.05.2012 12:32 3 comments Big box stores not a big deal for the US and Europe Western retail chains are getting over giant mania by cutting number of hypermarkets in Europe and the US, while big-box stores go under due to growing competition with smaller retailers and online shops.		27.04.2012 21:37 3 comments US economy fizzles as GDP growth falls below expectations The US Department of Commerce has unveiled their latest report on the country’s economy, and it isn’t good news. The findings published Friday confirm that economic growth did not meet expectations.
27.04.2012 01:04 7 comments New York reinstates beer tax and brewers are hopping mad The yeast they can do is give them a break.		04.04.2012 13:14 4 comments Russia loses third of its booze producers The number of alcohol producers in Russia has sharply dropped after the government tightened the legislation to obtain a license.
29.03.2012 21:22 6 comments Pump panic threatens UK double-dip recession The UK's petrol crisis mis-management is in danger of tipping the ocuntry into a double-tip recession.UK Prime Minister David Cameron called on the Unite labor union and employers to hold talks on preventing a strike by fuel-truck drivers as the governmen		27.03.2012 17:16 Officials want Russian duty free to cut cheap ciggies Russian public health officials are up in arms against tobacco sales both at home and abroad. They are pushing for legislation banning duty free shops from selling cigarettes. Russia may become the first country to implement such a measure.
23.03.2012 14:29 1 comment Big-box stores on rise in Russia Russians are becoming a nation of shoppers as big retail chains opened a record 100 new stores in 2011 more than in the pre-crisis years, according to a report.		16.03.2012 19:39 9 comments Apple grows on iPad demand, but can the bubble burst? The world is back into mile-long queues besieging Apple Stores as the 3rd generation iPad hits the market. Apple’s value soared to over $500 billion, but is it an apple-flavored bubble soon to burst.
16.03.2012 14:36 1 comment Luxury in a tumbler Spirits are forever, diamonds are whatever: expensive alcohol makes up about 45% of the Russian market in luxury goods, according to the research, carried out by the McKinsley consulting group.		16.03.2012 13:37 1 comment Foreign retailers flock to Moscow Moscow has been ranked one of the most attractive sites for foreign retailers, following London and Paris. Commercial real estate agent Jones Lang LaSalle say it is basically underpinned by the growing income of Moscovites.
13.03.2012 18:41 Cheap sales perfect ticket to online IPO On the wave of the company’s sky rocket growth young Russian online travel company Anywayanyday.com plans to undertake an IPO in London in the near future.		13.03.2012 14:30 Number 13 lucky for Russian young billionaire on Forbes list New Russian billionaire Maxim Nogotkov, the founder of cell phone retailer Svyaznoy, has become the 13th youngest billionaire in the world, according to Forbes magazine.
22.02.2012 14:55 1 comment Bananas the victims of Arab Spring The leading importer of bananas in Russia, JFC Group has filed for bankruptcy, claiming the Arab Spring and ensuing instability on the global market have undermined its business.		22.02.2012 14:55 Coke and Pepsi accused of cheating in UAE Black gold is leaving the United Arab Emirates. But we’re not talking oil - the consumer protection department at the UAE Ministry of Economy says Coca Cola and Pepsi have just one month to take all 300 ml cans off the shelves.
17.02.2012 19:12 1 comment Tweet your ad Many companies use Twitter to promote their products to the growing army of twitters. But now Twitter has launched a service allowing small business to place ads in the newsfeeds, even if users don’t follow them		14.02.2012 21:02 1 comment Moscow vending machines to sell caviar Caviar vending machines will be popping up all over Moscow very soon.

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