On Wall Street, the retail sales figures that count aren’t absolute numbers. Investors act based on how those numbers compare to what was expected, and in the case of Black Friday Internet sales, reality beat the predictions. T…
Amazon (AMZN) is planning to overhaul its international e-commerce platform to help it reach consumers in new markets. The online retailer currently operates teams in six countries other than the U.S. It has now set up a new team to create “the architectural underpinnings to greatly simplify country expansions”, the Financial Times reported.
The team will translate content into…
Continue reading Amazon to Overhaul International Business
Amazon to Overhaul International Business originally appeared on DailyFinance on Mon, 29 Nov 2010 08:05:00.
Filed Under: Company News, Wal-Mart Stores, Amazon.com, Retail
In Asia Monday Hong Kong’s Hang Seng Index gained 1.3% and Japan’s Nikkei 225 Index advanced 0.9%, buoyed by retail gains in the U.S. over the Thanksgiving weekend. But in China the Shanghai Composite Index slid 0.2% as investo…
Walmart (WMT) made an offer for 51% of the shares in South African retailer Massmart Holdings for 148 rand ($20.75) per share.
The offer represents a 19.2% premium over the 30-day weighted average price on Sept. 23, Walmart said in a statement. Sept. 23 was the final trading day before Walmart announced its initial offer.
“We continue to be excited by the opportunity to invest in…
Continue reading Walmart Bids for 51% Stake in South African Retailer
Walmart Bids for 51% Stake in South African Retailer originally appeared on DailyFinance on Mon, 29 Nov 2010 06:24:00.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News
A building boom — and the constrained supply of materials due to mandated energy cuts — sent Chinese cement, metal and building-equipment stocks up Thursday. Meanwhile, Hong Kong and Japanese exporters benefited from improvin…