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Chinese gold demand may rise 20% by 2017: industry body
China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday. ...
Tue, 22 Apr 2014
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L'Oreal revenue falls, hit by North America weakness
L'Oreal posted a drop in revenue for the first three months of the year, hit by slower demand in North America, but pledged it would return to growth in the second quarter. ...
Tue, 22 Apr 2014
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Britain's Tesco returns to US with F&F clothing brand
Britain's biggest retailer Tesco is to return to the United States with its F&F clothing business only seven months after offloading its loss-making U.S. supermarkets operation Fresh & Easy. ...
Tue, 22 Apr 2014
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Gucci takes direct control of Moscow shops
Italian fashion and leather brand Gucci will take direct control of its shops in Moscow and open two new points of sale in the Russian capital, the company said on Monday. ...
Tue, 22 Apr 2014
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Canada's Dollarama hires former Metro executive as new COO
Canada's Dollarama Inc hired a former executive from Canadian grocer Metro Inc to handle the discounter's retail operations, the company said on Monday, eight months after the search for a new chief operating officer began. ...
Tue, 22 Apr 2014
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US retail sales post biggest gain in 1-1/2 years
US retail sales recorded their largest gain in 1-1/2 years in March, in the latest sign the economy was emerging from its weather-induced slumber and on track to accelerate in the second quarter. ...
Tue, 22 Apr 2014
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French Connection comparable sales rise 11%, shares jump
British fashion retailer French Connection Group Plc reported an 11 percent rise in like-for-like retail sales as its new product range was well received in the UK and Europe, sending its shares to their highest since August 2011. ...
Tue, 22 Apr 2014
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China's Sanpower seals deal for House of Fraser
The Shanghai-listed retail arm of Sanpower Group sealed a deal to buy 89 percent of the owner of British department store House of Fraser for 480 million pounds ($803 million). ...
Tue, 22 Apr 2014
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S. Africa's Woolworth's sees simple fixes for David Jones
Sidney, Australia - Making one of the biggest bets on the Australian retail market by a foreign firm to date, South Africa's Woolworths Holdings thinks turning around David Jones Ltd will be a slam dunk. ...
Mon, 21 Apr 2014
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Chinese online cosmetics retailer Jumei files for $400 million US IPO
Jumei International Holding Ltd, backed by venture-capital firm Sequoia Capital, filed with U.S. regulators on Friday to raise up to $400 million in an initial public offering of American Depositary Shares. ...
Mon, 21 Apr 2014
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LVMH shares rise on improving growth at Louis Vuitton
Louis Vuitton sales to Chinese and European customers improved in the first quarter, parent LVMH, the world's biggest luxury group, said on Thursday after posting forecast-beating fashion and leather sales. ...
Mon, 21 Apr 2014
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Move over, Mum: Prince George is new fashion icon
Just months ago it was his mother's fashion choices that sparked a buying frenzy -- but with just one pair of mini-dungarees Prince George appears to have stolen her fashion limelight. ...
Mon, 21 Apr 2014
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Coldwater Creek files for Chapter 11 bankruptcy protection
Women's clothing retailer Coldwater Creek Inc on Friday filed for Chapter 11 bankruptcy, the latest in a growing list of retailers to seek protection from creditors as consumers keep a lid on spending. ...
Mon, 21 Apr 2014
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Tesco's problems mount as profit set to fall again
Tesco is expected to report a 6 percent fall in annual profit next week, a second straight decline which would pile the pressure on boss Phil Clarke who is struggling to turn around Britain's biggest retailer. ...
Mon, 21 Apr 2014
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S.Africa's Massmart CEO Pattison to step down in June
The chief executive of Massmart, the South African unit of U.S. retailer Wal-Mart Stores, will step down on June 1 after seven years at the helm of the discount retailer, the company said on Friday. ...
Mon, 21 Apr 2014
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UK retailers cut prices at fastest pace since 2006
British retailers slashed prices in March at the fastest rate since 2006, industry figures showed on Wednesday, a reflection of the squeeze in consumers' incomes that has persisted even as the economy recovers. ...
Tue, 15 Apr 2014
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British supermarket discount war not spooking suppliers
Supermarket discount wars have long been the stuff of nightmares for grocery suppliers expected to slash their own prices in turn, but this time around in Britain many say they are sleeping just fine. ...
Tue, 15 Apr 2014
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Wal-Mart plans to open 50 wholesale stores in India over 4-5 years
Wal-Mart Stores Inc plans to open 50 additional wholesale stores in India over the next 4-5 years, company spokesman Anthony Rose said on Tuesday. ...
Tue, 15 Apr 2014
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