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The Scotsman: Scots shoppers cut back on all but essentials
SCOTTISH shoppers are cutting back on spending on everything other than essential items, the Scottish Retail Consortium (SRC) warns today, reporting the largest drop
The Scotsman: Burberry shares fall on sales fears
BURBERRY has joined other luxury goods brands that have been unable to escape the effects of the credit crunch after its shares slumped on news of weaker trading.
AME Info: Burberry signs JV in Middle East
Burberry Group has signed a joint venture agreement covering parts of the Middle East with its longstanding franchisee, The Jashanmal Group. The joint venture has created a new company, Burberry Middle East, headquartered in Dubai. Burberry Middle East will manage all Burberry retail and wholesale distribution within the UAE markets including Dubai and Abu D ...
bizjournals: Fla. home sales up, prices remain down
Finally, a bit of positive news about Florida’s housing market. Sales of existing family homes in the tri-county area rose in the third quarter. But, the good news was tempered by the fact that prices across the board continue to tumble, according to the Florida Association of Realtors.
bizjournals: Cincinnati-area stocks climb as earnings news brightens
Better profit news from two large companies lifted stocks higher by midday Tuesday, boosting local shares. (HPQ) (HD) (FITB) (FITB) (NBTF) (ATRC) (KNDL) (VIVO) (OCR) (CQB) (PG) (ASH) (BGC)
bizjournals: Holiday gift cards sales to drop this year
Gift cards -- pieces of plastic that don’t go on sale -- are going to have a hard time competing with this year’s big holiday bargains expected on everything from clothes to DVDs, according to a new survey.
bizjournals: NRF: Consumers to spend less on holiday gift cards
Gift card purchases are predicted to suffer this holiday season as consumers continue to monitor the current economy and their wallets.
bizjournals: Holiday shoppers still on fence
Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.
bizjournals: Shaw Festival finishes on up note
Despite myriad challenges, the Shaw Festival finished its 2008 season with increases in attendance and box-office revenues.
The Scotsman: Building supplies group Wolseley to cut 2000 more jobs
PLUMBING and building supplies firm Wolseley today announced plans to cut 2,000 jobs and close more than 200 branches in the UK and Ireland.
Carphone mulls splitting business in two
Have A Long Commute? Tell Your Manager About Cultivate - Sponsored Link
Target Goes Toe-to-Toe With Wal-Mart
Retailers cry foul over relaxed rules for Visa, MasterCard
Landmark Commercial Realty, Inc. appointed exclusive listing agency for the build-to-suit retail corner of 560 East Main Stre..
CHRONOLOGY-Competition in German retail energy
UK Woolworths in talks about 1 retail sale -paper
Marks & Spencer to hold one-day 20% off sale -FT? 47 mins ago
M&S slashes prices 20 per cent as retailers gear up for bloody Christmas trade war
Mexican Billionaire Builds 28% Stake In Circuit City
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·Burberry signs JV in Middle East
Burberry Group has signed a joint venture agreement covering parts of the Middle East with its longstanding franchisee, The Jashanmal Group. The joint venture has created a new company, Burberry Middle East, headquartered in Dubai. Burberry Middle East will manage all Burberry retail and wholesale distribution within the UAE markets including Dubai and Abu Dhabi, as well as Qatar, Oman and Kuwait under a fifteen year ...
·Canon launches two new HDD camcorders
Canon Middle East has rolled out the Canon HD Camcorder HG20 and Canon HD Camcorder HG21: two new AVCHD High Definition (HD) camcorders that record movies to high-capacity internal Hard Disk Drives (HDD). Successor models to the HG10, the HG20 offers 60GB capacity - enough for over 22 hours of movies - while the HG21 doubles available space to 120GB. In addition, both camcorders feature a new MXP recording mode - off ...
·Qatar's DGarden launches in Dubai
The DGarden Casual and Xprez Restaurant, an Indian restaurant chain from Qatar, has launched its first overseas outlet in Dubai. The restaurant offers dual dining, with one section serving Indian cuisine and the other serving Indian fast food, fashioned with international cuisines, calling it Fusion Unlimited.
·Doha Mall set to open early 2009
Wathnan, the family-oriented mall being built in Doha, is set to open its doors in the first quarter of 2009. As the first family-oriented mall, families will be able to shop for the whole year and not just on dedicated days. The three-floor mall built over 41,000 square-metres will feature 110 stores and a number of food outlets, cafes and a large food court.
·Kraft Foods announce Q3 revenue increase
Third quarter results 2008 for Kraft Foods have resulted in a global net revenue increase of 19% to $10.5bn and operating income increasing 17% to $1.0bn, compared to the same period in 2007.
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·New Morton's opens for lunch
With its move to a new location at 621 Capitol Mall, the Sacramento Morton’s, The Steakhouse will become one of the few restaurants in the chain of 80 Morton’s that serves lunch. The lunch service starts Wednesday. Just a dozen Morton’s locations servelunch. (MRT)
·PacSun narrows quarterly loss
Pacific Sunwear of California Inc. saw a considerable reduction in its third-quarter losses on Tuesday. (PSUN)
·Pa. loses sales tax funds to legal ‘skimming’
Pennsylvania ranks third among states for revenue lost — $72 million annually — from compensating retailers for collecting the sales tax, according to a report released Tuesday.
·After a year, local retailers report less plastic bag usage
Local retailers are reporting significant improvements in recycling and reduced use of plastic bags after a year-long city-led campaign to curtail plastic bag usage and encourage the use of recyclable bags.
·Texas No. 2 in giving sales tax dollars back to retailers
Texas ranks second among states for the amount of sales tax revenue it gives back to retailers, a new national report finds.
·Downtown's Coldstone Creamery melts
The recession and a cooling retail climate Downtown have dealt ice cream lovers a blow. Coldstone Creamery has closed at 101 Gold Avenue SW.
·Les Halles closes after 15 years
Downtown French restaurant Les Halles is closing after 15 years.
·NRF: Consumers to spend less on holiday gift cards
Gift card purchases are predicted to suffer this holiday season as consumers continue to monitor the current economy and their wallets.
·Tsunami gone, but leaves sushi in its wake
Asian restaurant Tsunami has closed, just one year after it opened in Baltimore.
·Zaxby’s closes only Ohio store
Athens, Ga.-based Zaxby’s Franchising Inc. shuttered its first and only Ohio store, in Columbus near Ohio State University, after just six months.
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