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india does not allow foreign investment in multi-brand retail, but permits 51 percent foreign investment in single-brand retail and 100 percent in wholesale ventures. earlier this month, the commerce and industry ministry took a tentative step towards opening up of the organised retail sector in the country to foreign companies and put out a paper which discussed lifting investment caps. \"if the laws of the country change to opening of fdi in retailing, we could open hundreds of stores,\" bharti wal-mart managing director and chief executive raj jain said on thursday.

woolworth shares fell 2 percent to a$26.15 by 0044 gmt on the sales figures, underperforming the broader market\'s 0.3 percent rise. woolworths chief executive michael luscombe described the sales result as solid at a time when consumers are tightening the purse strings. australian retailers face tough comparisons with last year, when government fiscal stimulus in the form of cash handouts lifted consumer spending and retail sales.

just-food articles are only available to registered users and members.join now for increased accessthere are various access options to choose from. all provide instant access to the latest news, insight and expert analysis.french retailer intermarchã© is to occupy a 67,000 sqm distribution hub in a new logistics park development in montbartier, in the south-west of the country. join now for increased accessthere are various access options to choose from.

siam makro, controlled by dutch cash-and-carry store operator shv holdings, planned to invest 1.5 billion baht ($46 million) this year to build four new branches, managing director suchada ithijarukul told reporters on tuesday. \"we should be able to achieve a growth target of more than 10 percent this year, although it might be as high as the 16 percent growth in the first quarter,\" suchada said, adding the high season for siam makro\'s business was in the second half.

french retailer les mousquetaires is aiming for market share of 15% through the expansion of the number of intermarché express and netto outlets it operates. the company will roll out its intermarché express outlets, aiming to operate 24 by the end of 2010. it also plans to increase the number of netto stores it operates to 600 within the next three years. the new strategy is part of the retailer\'s focus on smaller stores in more central locations.

just-food articles are only available to registered users and members.join now for increased accessthere are various access options to choose from. all provide instant access to the latest news, insight and expert analysis.the chairman and ceo of french retailer casino said the company has no plans to list its online arm cdiscount or sell its geant casino hypermarkets, according to local press reports.

venezuelan army soldiers swept through the working class, pro-chavez neighborhood of catia in caracas last week, seizing 120 tonnes of rice along with coffee and powdered milk that officials said was to be sold above regulated prices. \"the battle for food is a matter of national security,\" said a red-shirted official from the food ministry, resting his arm on a pallet laden with bags of coffee. it is also the latest issue to divide the latin american country where chavez has nationalized a wide swathe of the economy, he says to reverse years of exploitation of the poor.

french retailer carrefour has reported a profit of e1.27 billion for 2008, a 45% decline compared to 2007.for 2008, sales rose 5.9% to e87 billion. according to retail week, group share of net income from recurring operations in 2008 was down 32.8% to e1.26 billion. commercial margin, as a percentage of sales, fell by 30 basis points as a result of the group's commitment to price competitiveness.

earlier this month we reported on a new survey that revealed the stable, and increasing, market for snacks. this week a new report suggests that snack bars, snack mixes and energy bars continue to be a driving force in the snacks market, with steady growth in the sector predicted to continue in 2003. snack bars have fitted in well with emerging trends for organic, fortified and functional products over the last few years and are no longer seen as tasteless muesli bars just for health fanatics, concluded market researchers mintel in a review of their global new products database (gnpd) database.