British retailer Tesco has announced plans to locate its first energy-saving store in southern China in Yuexiu District, Guangzhou. The new Tesco store, which is expected to be opened around the Spring Festival in late January 2009, is the retailer's second store in Guangzhou as well as its seventh in southern China. By then Tesco will [...]

Following the precept of Sir Jack Cohen, the founder of British retail colossus Tesco, Wal-Mart has announced massive price cuts for essential items in more than 100 of its retailing stores across China. The price cuts are said to be the deepest ones ever made by Wal-Mart since its entry into the country. Most of the [...]

Global economies are swimming deep in recession which disappointing earnings have long since confirmed. Believing otherwise is to live in a bubble of a different kind. br /br /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/SQHTBn9ziVI/AAAAAAAAAhg/FxA2b6RvmBY/s1600-h/panic.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 248px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/SQHTBn9ziVI/AAAAAAAAAhg/FxA2b6RvmBY/s320/panic.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5260717864606992722" //abr /span class="fullpost"But where there is fear there is opportunity. The key to success is to a href="http://traderfeed.blogspot.com/2008/10/five-trading-behaviors-im-seeing-among.html"play small and win big/a. For many this means dollar-cost-averaging; buying small and often. For others, where trading costs are high(er), it's about buying the stalwarts trading at discount. br /br /Some may look to companies which have survived the a href="http://www.ceopen.com/march_2005/100year.html"Depression and two World Wars/a. Although it's unlikely big name financials, or a company like Ford (strongF/strong), est 1903, will find many takers: br /br /a href="http://1.bp.blogspot.com/_WWGUfU1tOjI/SQHYMPbt2TI/AAAAAAAAAho/XJCHtlLyfmA/s1600-h/Ford.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 203px;" src="http://1.bp.blogspot.com/_WWGUfU1tOjI/SQHYMPbt2TI/AAAAAAAAAho/XJCHtlLyfmA/s320/Ford.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5260723544558262578" //abr /Although smaller regional banks should benefit from ...

According to reports in local media, Tesco will locate its first energy-saving store in central China in Tianjin and the store is expected to be opened at the end of September 2008. Tesco opened an energy-saving store in Shanghai in January this year. With new types of lighting, heating, and ventilation equipment, the electric power losses [...]

China Invests in London Blue Chips The State Administration of Foreign Exchange (SAFE), which is owned by the People's Bank of China, has invested GBP9 bn in multinational companies listed in London, The Sunday Telegraph reports. The Chinese have bought stakes in a portfolio of blue-chip companies, including HSBC, Tesco, Unilever, Aviva, British Energy, Cadbury, the London Stock Exchange and, as reported, the Drax Group. Lockton Granted Insurance License Insurance broker Lockton has received approval from the regulator to operate in China. The U.S.-based firm will start business later this month from its office in Shanghai, and will provide both insurance and reinsurance broking services nationally throughout China. Lockton is only the second foreign insurance broker to set up a wholly foreign owned enterprise (WFOE) in China, after Marsh was awarded a license in 2007.

Unorganised and organised retail must coexist and flourish in India…

After almost scaring the Tata Motors away from West Bengal, Mamata Bannerjee has now trained her guns on Reliance Retail. Well, Reliance Retail should be used to being targeted by feisty women politicians. Immediately after coming to power in Lucknow, Ms. Mayawati had earlier undertaken a similar exercise in UP.

All this is taking place when behemoths of international retail are trying to enter the Indian market. Tesco has chosen to come with Tatas, while Reliance has tied up with Wincanton. The big daddy of them all, Wal-Mart is coming to India courtesy the Bharti group.

In the September edition of Pragati-The Indian National Interest Review, Prashant Kumar Singh makes significant observations about the confusion surrounding retail industry in India. He rightly notices that-

The debate over retail in India has been fixated on the growth

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PhotoChannel Networks Inc. (PN.V) is a leading provider of digital photofinishing solutions, specifically the processing, storing, uploading, and sending of digital photos to retailers for printing. In addition, the company can provide retailers with a comprehensive digital photofinishing offering, including online at home, in store kiosks, and mobile solutions.

Over the past few years, PhotoChannel has acquired a number of significant retailers as partners. The company’s partners in the US include: Kmart, Costco, Sam’s Club, and CVS Pharmacy. In Canada, the company’s partners include: Walmart, Costco, Loblaw, and Shoppers Drug Mart. The company’s partners internationally include: Tesco, Boots, Kodak, Hallmark, Kmart, and Asda (Walmart).

PhotoChannel reported its financial results for the three and nine periods ended June 30, 2008 on August 26, 2008. The company reported record revenues (results are stated in Canadian dollars). For the quarter ended June 30, 2008 the company reported an increase in gross revenues of 231%, as

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