News

India Opens Doors to Foreign Retailers

BY CSA STAFF

New Delhi, India, In a step towards liberalizing the country’s booming retail trade, India has decided to let foreign brands open their stores. Retail giants such as Wal-Mart Stores still can’t set up shop in the country, however, as the government decision applies only to single-brand retailers, such as Adidas.

Global retailers have been lobbying India to open up its $200 billion retail market—currently dominated by more than 12 million independent shops—but opposition from domestic businesses and Communist coalition parties has forced the government to move slowly. The new rule will allow foreign companies to own up to 51% of businesses in India, provided they gain government approval and sell only their own goods.

Communist coalition parties, whose support is critical to the government’s parliamentary majority, criticized the decision, saying that even such a limited opening could pave the way for stores like Wal-Mart to enter the country.

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News

Liz Claiborne CEO to Retire

BY CSA STAFF

New York City, Liz Claiborne Inc. announced on Tuesday that Paul Charron, chairman and CEO, plans to retire at the end of 2006, when his current contract expires.

Charron, 63, has served as CEO since 1995 and chairman since 1996. The company said it would consider both internal and external candidates to fill the position. Charron joined Liz Claiborne in 1994 as vice chairman, COO and a director.

Liz Claiborne also announced that executive VP Trudy Sullivan has been named president. Sullivan joined the firm in 2001. Previously, she had been president of J. Crew.

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SUPPLY CHAIN

Stop & Shop to Lay Off 850 Workers

BY CSA STAFF

Quincy, Mass., Stop & Shop Supermarket Co., a unit of Dutch grocer Ahold Ltd., said it would close its distribution facility in North Haven, Conn., by mid-2006, resulting in the loss of about 850 jobs. Distribution of products currently handled by the facility will be shifted to the company’s distribution center in Freetown, Mass., and to a third-party supplier, the company said.

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S.Gacho says:
Mar-29-2013 02:08 pm

It is very bad news to lay
It is very bad news to lay off workers. The families of the workers are really the ones most affected. The company lay off workers because they have financial problem. - Aldo Todini

S.Gacho says:
Mar-29-2013 02:08 pm

It is very bad news to lay off workers. The families of the workers are really the ones most affected. The company lay off workers because they have financial problem. - Aldo Todini

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