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US-based Whole Foods Market Inc. shares sank 12% this week, possible due to the US food price increase of 0.9% in April, the largest seen since 1990. However, for the quarter ending April 13, Whole Foods reported comparable-store sales, for stores open at least one year, increased 6.7% from a year-earlier. So why the fall in stock prices?
16-05-2008 (14:21)
16-05-2008 (14:21)
French retailer Casino is close to entering into an alliance with Delhi-based real estate player Parsvnath Developers for retail operations in India. India does not allow foreign direct investment (FDI) in front-end retail, although 100% FDI is allowed in wholesale.
13-05-2008 (12:26)
13-05-2008 (12:26)
In February, US food giant ConAgra eliminated 92 positions globally, primarily in China, South Korea and Singapore, and the UK. The company, whose fiscal year ends this month, has announced an additional 212 jobs will be cut over the next year.
12-05-2008 (12:26)
12-05-2008 (12:26)
Leading German retailer, Rewe Group, is extending its use of Radio Frequency Identification (RFID). The company plans to deploy RFID technology it all its distribution centres for foods in Germany.
08-05-2008 (15:38)
08-05-2008 (15:38)
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