Consumer Goods & Retail

GE confirms plans to exit appliance business 6:06pm BST

BOSTON (Reuters) - General Electric Co confirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States.  Full Article

 
Abercrombie profit tops view; affirms outlook 6:05pm BST 

NEW YORK (Reuters) - Teen apparel retailer Abercrombie & Fitch Co reported higher quarterly profit on Friday, topping Wall Street estimates, as a lower tax rate and a better gross margin helped offset the impact of lower same-store sales.  Full Article 

Rothmans profit gets lift from higher prices 6:05pm BST 

OTTAWA (Reuters) - Fourth-quarter profit at Rothmans Inc grew 17 percent, Canada's No 2 cigarette maker said on Friday, as price increases more than offset pressure from a growing trade in contraband tobacco.  Full Article 

Wal-Mart moves forward with new Marketside stores 6:04pm BST

NEW YORK (Reuters) - Wal-Mart Stores Inc is now hiring store managers to work at Marketside, new smaller format stores the world's largest retailer is preparing to open in Arizona.  Full Article

 
Macy's to have FAO Schwarz boutiques in stores 6:05pm BST

NEW YORK (Reuters) - Macy's Inc and FAO Schwarz said on Friday they signed an agreement under which the specialty U.S. toy retailer's toy stores will be opened in about 685 Macy's locations over the next two years.  Full Article

 
Henkel sees agreement on Ecolab stake sale 6:13pm BST

* expects agreement on sale of Ecolab stake this year  Full Article

 
Sharper Image says best bid is $51.25 mln 6:05pm BST

NEW YORK (Reuters) - Bankrupt gadget retailer Sharper Image Corp said on Friday the best bid it received is a cash payment of $51.25 million, plus other consideration, from a group of privately funded investors.  Full Article

 
INTERVIEW-Nespresso to hit hefty sales target this year 6:05pm BST

NEW YORK (Reuters) - Nespresso, the premium coffee-capsule division of food group Nestle , expects to reach 2 billion Swiss francs (US$1.9 billion) in sales in 2008, two years earlier than planned, an executive of the company told Reuters.  Full Article

 
Focus on Altadis rights isssue at Imperial results 3:39pm BST

LONDON (Reuters) - The size of a rights issue Imperial Tobacco plans to launch to pay for its purchase of Altadis will be the focus of the British group's half-year results next week, analysts said on Friday.  Full Article

 
Metro CEO says to keep Real, no word on Kaufhof sale 6:05pm BST

DUESSELDORF, Germany (Reuters) - Metro AG , Germany's biggest retailer, has no plan to sell its restructuring Real hypermarket chain and has not yet entered concrete talks to divest its Galeria Kaufhof department stores.  Full Article

 
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Carlsberg discounts S&N rights by 40 percent 9:06am BST

COPENHAGEN (Reuters) - Danish brewer Carlsberg announced a deeply discounted 30.5 billion crown (3.3 billion pound) rights issue to repay a bridging loan used to buy UK rival Scottish & Newcastle, in line with January's plans for the deal.  Full Article

 
Australia's Woolworths: April food inflation slowed 6:05pm BST

MELBOURNE (Reuters) - Woolworths Ltd , Australia's largest supermarket chain, said on Friday growth in its internal rate of food inflation slowed in April, but Australia would not be immune from the rocketing cost of food globally.  Full Article

 
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