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Thursday, November 05, 2009

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Germany: Metro Group reports 54 percent increase in tagged sales
German retailer Metro Group has reported a 54 percent boost in its RFID tagged sales. Metro, worth $68 million, is the world’s fifth largest retailer with stores across Europe, Asia, and North Africa.Gerd Wolfram, Metro’s IT office chief, has noted that using RFID for inventory tracking has yielded a.....

New Zealand’s rising jobless rate, currency gains slow recovery
New Zealand’s unemployment rate rose to a nine-year high in the third quarter, a report showed today, as central bank Governor Alan Bollard said a strengthening currency will slow the nation’s recovery from a recession.The jobless rate increased to 6.5 percent from 6 percent in the previous three months,.....

AU: Metcash exec wins environmental award
Metcash Limited sustainability manager, Louise Rhodes, has been named winner of the Environmental Institute of Australia and New Zealand’s (EIANZ) Young Environmental Professional of the Year Award for 2009.The annual award recognises employees working on projects that make a positive environmental impact on.....

Typhoon damage pushes Philippine inflation higher
Inflation in the Philippines rose to 1.6 percent last month as damage to agriculture from four successive typhoons boosted prices, authorities said Thursday.The rate marked an increase from 0.7 percent in September and from a two-decade low of 0.1 percent in August, the National Statistics Office said."As.....

Large Ukraine wage increases could spur inflation,job cuts
The International Monetary Fund's Ukrainian mission chief says boosting public-sector wages and pensions by more than 10% could stoke inflation or necessitate significant job cuts.The IMF and certain Ukrainian officials are at odds over recently signed legislation that would boost government-sector wages and.....

Aussie economy robust
Lower interest rates and the federal government's stimulus spending are responsible for Australia's relatively stable economy, Westpac boss Gail Kelly says.Kelly said she was surprised how quickly the Australaian economy had recovered from the worst of the global financial crisis."It's been actually quite.....

Ireland: Consumers' confidence hits an 18-month high
Tentative signs of consumer confidence emerged yesterday in figures which indicate consumers feel the worst is over for the economy.The index that measures how consumers feel about their finances reached its highest level for 18 months in October.The KBC Ireland/ESRI Consumer Sentiment Index improved to 54.2.....

Chile: Cencosud YTD Profit Slumps 25%
Retail conglomerate Cencosud has seen its net profit drop by 25.4% year-on-year to 39.7bn pesos ($74.9m) for the January-September period, and attributed it to “adverse effects on operational margins of converting other currencies into Chilean pesos”. The drop came despite increased sales in all its markets,.....

UK: Asda launches World Food store
Asda has this week launched its first World Food store in Hounslow, West London.The store stocks chilled and frozen ranges of Mediterranean, Irish, Asian, African Caribbean and Polish food.The store also includes a Polish deli counter and a Halal meat counter. Asda said the Hounslow store would serve six.....

US: Supermarket retailer Giant Eagle, Inc.
Today celebrated the receipt of a Green Grocer award from the supermarketindustry's Progressive Grocer magazine. Retailers selected by ProgressiveGrocer include only a select few supermarkets that have demonstrated highlyinnovative projects or efforts to help the industry as a whole become.....

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