NEW YORK— Wal-Mart Stores Inc. cut its revenue outlook for its current fiscal year as it announced it is scaling back its expansion plans for its supercenters next year and stepping up investments in its online operations. Wal-Mart's diminished outlook increases concern about prospects for the critical holiday shopping season that kicks off late next...» Read More
*To cut Russia store opening plan for 2014, 2015. BERLIN, July 31- German sportswear company Adidas said it would scale back plans to expand in Russia and overhaul its golf business, as problems in both areas forced it to cut its outlook for 2014 and say targets it had set for 2015 were no longer achievable.
BERLIN, July 7- Aldi and Lidl have a new weapon in their battle to be Germany's discount grocery number one: Coca-Cola. Both are still expanding abroad- particularly in Britain and the United States. There are now six times as many Aldi or Lidl stores per person in Germany as there are Wal-Marts per person in the United States.
TOKYO, June 5- Japan's SoftBank Corp is developing human-like robots which it will use to staff its cellphone stores, two people with knowledge of the matter said, in a move aimed at expanding the mobile phone and Internet conglomerate's technological reach.
May 28- Michael Kors Holdings Ltd, whose trendy clutch bags and watches have taken Wall Street by storm, said it expected the cost of opening new stores in Europe to depress gross margins in the next few quarters.
May 28- Michael Kors Holdings Ltd said it expects its current-quarter gross margins to be slightly lower than a year earlier due to the costs of opening new stores in Europe. The startup expenses, such as leasing costs, associated with its expansion in Europe would hurt its retail operating margins, Michael Kors said on a conference call.
*Tesco's 191 stores in Turkey see poor trading. *Turkey talks part of strategy to focus on Britain. ISTANBUL, May 27- UK- based retailer Tesco Plc has failed to reach a deal with unnamed third parties over its struggling business in Turkey, a new setback for Chief Executive Philip Clarke as he seeks to rein in global expansion to focus on reviving the business at home.
NEW BRUNSWICK, N.J., May 8- Barnes& Noble Inc is turning to its college roots to boost its top line.
*Uncertainty over India stance on foreign retailers. DUESSELDORF, May 5- German retailer Metro AG wants to step up expansion in India and is planning to have 50 wholesale stores in the country by 2020, up from 16 now, as part of a broader strategy for growth in emerging markets.
*Costa to open five new stores in France. LONDON, April 29- Britain's Whitbread beat forecasts with a 16.5 percent jump in full-year profit and said it would expand its Costa Coffee chain in France after a trial showed strong demand.