News and articles
Marks & Spencer 5.5% sales decreasing
Date: 2009-01-06 00:00:00
UK retailer Marks & Spencer is expected to report its worst Christmas sales figures for 10 years. The UK press has reported that the retailer is expected to report like-for-like...
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Pepsi and Beckham Finish the Relationship
Date: 2009-01-06 00:00:00
PepsiCo Inc said it is ending its endorsement relationship with English soccer star David Beckham after 10 years in a move described as mutual by both sides. Terms of Beckham's...
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No rice absence to wait
Date: 2009-01-06 00:00:00
Vietnam could export more than 5 million tonnes of rice in 2009, up at least 6.4 percent from last year, a state-run newspaper said. In 2008 Vietnam exported 4.72 million...
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NO Sunday shopping in Croatia
Date: 2009-01-05 00:00:00
Retailers complain the new law will adversely affect the economy, forcing layoff and shop closings. They want a repealing of the new law. The law was passed Dec 30 after...
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Extrem big Christmas Shopping
Date: 2009-01-05 00:00:00
December retail sales in Hungary may exceed HUF 900 million, the biggest collective Christmas spending spree for the nation ever. According to National Retail Association Secretary György Vámos this year...
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Year of liquidations comes?
Date: 2009-01-05 00:00:00
Last year 11,504 firms were liquidated, only in the last quarter more than 3,400. According to Opten Informatic Ltd. the year 2009 will be worse, because the Hungarian SMEs has...
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Tender for protecting innovation
Date: 2009-01-05 00:00:00
This special source could pay 45% of the total cost of technology developments. The summ is non-refundable. The aim of the construction is to protect the innovation operation of the...
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ALDI US opens units in NYC
Date: 2009-01-05 00:00:00
According to a report in the Financial Times, Aldi hopes to open its first store in New York City in the course of 2009, as it continues its steady US...
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Asda cuts prices on 1,000 essential items
Date: 2009-01-05 00:00:00
The range of reduced items includes 200 health & beauty items, 100 frozen food lines and three-packs of selected fresh meats or bottles of wine. In the UK, Wal-Mart owned...
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Earnings at U.S. retailers will fall 20 percent in 2009
Date: 2009-01-05 00:00:00
The International Council of Shopping Centers in New York predicts 73,000 U.S. stores may shut in the first half of 2009 after what may have been the worst holiday-shopping season...
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Global manufacturing PMI fell to new low
Date: 2009-01-05 00:00:00
The PMI for Eurozone manufacturing sector fell to 33.9 in December from 35.6 in November. The current reading was the lowest since 1998, when the survey started. The Purchasing Managers...
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Goverment doubled the state support by Széchenyi Card
Date: 2009-01-02 00:00:00
The states supported credit facility provides micro-, small- and medium enterprises. In 2002 VOSZ (National Organization of Entrepreneurs and Employers ) and MKIK (Hungarian Chamber of Commerce and Industry )...
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Award for Coca-Cola HBC's healthcare program
Date: 2009-01-02 00:00:00
The drink giant started its „Weak up your body!' program in 2006, the aim was to popularise the healthy life style and help employees to protect their healthy. The American...
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Pay-as-you-go computing by Microsoft
Date: 2009-01-02 00:00:00
Microsoft is trying to patent a method that lets users pay for software and hardware based on how much they use. The method tracks hardware usage of disk storage space,...
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Optimistic COOP leaders in Switzerland
Date: 2009-01-02 00:00:00
The Swiss retailer expects the company to grow by between 2% and 3% over 2009. The CEO of Swiss retailer Coop, Hansueli Loosli, is positive about the company’s performance in...
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MOL expands its petrolstation chain in Austria
Date: 2009-01-02 00:00:00
Hungarian petrol company MOL has signed a deal to acquire 26 gas stations in Austria from Italian fuel retailer ENI in exchange for 10 of its own stations in Romania....
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ALDI plans to expand in US
Date: 2009-01-02 00:00:00
Germany-based Aldi is looking to grow its portfolio of stores in Memphis in the US. The discount retailer recently purchased a site in Collierville for USD1 million where it will...
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KFC opens 200th Store in Beijing
Date: 2009-01-02 00:00:00
The company had earlier announced that it plans to open 500 KFC stores in China in 2009. In China, Yum! Brands-owned Kentucky Fried Chicken (KFC) has opened its 200th store...
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Russian retailers are cautious about new store openings
Date: 2009-01-02 00:00:00
The most chain is thinking in smaller shops againt big hypermarkets. Leading Russian retail chains have become more cautious about opening new stores and many companies have abandoned high-cost projects....
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Nestle Nutrition to Invest USD 75 Mln in US
Date: 2008-12-31 00:00:00
As part of the investment, the baby food producer will upgrade the facility in Fremont and will add new production lines, the company will create 200 jobs over the next...
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Unilever to Hire New Workers in the UK
Date: 2008-12-31 00:00:00
The company is expected to create at least 40 new jobs at its ice cream plant in Barnwood, Gloucester, report local sources. The Gloucester ice cream factory has an annual...
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Tesco donated clothes
Date: 2008-12-31 00:00:00
The retailer donated clothes in value of HUF 60 million for aid organisations before Christmas. According to Tesco the donation came to poor families with more children or families only...
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Hungarian consumer confidence plummets
Date: 2008-12-31 00:00:00
The quarterly Hungarian consumer confidence index slid 22.7 percentage points to 70.9 percent in the fourth quarter, Ecostat told. The index was nevertheless above 66.5 percent recorded in the third...
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WAL-MART soon starts in Russia
Date: 2008-12-31 00:00:00
Wal-Mart has joined the Russian retail association, the lobby group said, the latest in a series of moves indicating the world's largest retailer's interest in expanding into Russia. Members of...
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Prénatal to open shop in Budapest
Date: 2008-12-31 00:00:00
The French based chain is specialized in the sale of products for mothers and children, now is looking for Hungarian partner. The Prénatal brand, established in 1947 in France, has...
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Hungarian food export decreased
Date: 2008-12-30 00:00:00
In October 2008, both the export and import volumes decreased by 7 and 6 percent In the first ten months of this year exports increased by 6 percent and imports...
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YUM! offers fitness
Date: 2008-12-30 00:00:00
Yum! Brands, known in Hungary by KFC and Pizza Hut, has announced that it is launching a free online fitness programme starting January 1, 2009. As part of the company’s...
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Men experience less cons
Date: 2008-12-30 00:00:00
According to market researcher Tarki, every 4th Hungarians must to suffer some trumpery in the last three years. Researcher said men went trough less humbug as women. Women have more...
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AUCHAN installs cardiac defibrillators
Date: 2008-12-30 00:00:00
Auchan France and its property arm will install cardiac defibrillators in all hypermarkets and shopping centres by the end of January 2009. All of Auchan’s security staff will be trained...
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TESCO renews IT in its Czech and Slovakian operations
Date: 2008-12-30 00:00:00
Tesco has implemented its standardised ‘Operating Model’ set of software in its Czech and Slovakian operations. The software, which comprises Oracle Retail's merchandise management system and POS software from Retalix,...
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