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INTERVIEW: Crystal Group CEO rises to the challenges

2014-09-17 11:35:00| Daily apparel & textile news and comment - from just-style.com

Building the business for long-term growth, but also ensuring that the company has a strong local supply chain in place to deliver on its goals, are among the challenges faced by Andrew Lo, CEO of Hong Kong based Crystal Group, as he continues to build the capacity and competitiveness of one of Asia's largest garment manufacturers.

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California home sales drop as median price rises

2014-09-16 20:29:06| Real Estate - Topix.net

California home sales slipped in August after two months of increases as the median home price rose, the California Association of Realtors reported today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 394,280 units in August, according to information collected by CAR.

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Kroger Quarterly Profit Rises 9%

2014-09-11 18:44:00| Grocery - Topix.net

Kroger Co, the biggest U.S. supermarket operator, reported a 9 percent rise in quarterly profit, helped by the acquisition of grocer Harris Teeter Supermarkets Inc. Shares of Kroger, which owns the Ralphs, Smith's and Food 4 Less grocery chains and supplement seller Vitacost.com, rose 2.4 percent to $53.12 in premarket trading. Net income attributable to Kroger rose to $347 million, or 70 cents per share, in the second quarter ended Aug. 16 from $317 million, or 60 cents per share, a year earlier.

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Sobeys operator Empire Q1 profit rises to $123.1M; revenue soars on Safeway buy

2014-09-11 01:41:20| Grocery - Topix.net

Empire Co. Ltd. , parent of supermarket chain Sobeys Inc., has reported a big increase in first-quarter profit, easily beating analyst estimates amid a more than 35 per cent increase in revenue as a result of its acquisition of Canada Safeway.

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Venezuela's inflation rises to 63.4%

2014-09-10 12:19:38| BBC News | Business | UK Edition

Venezuela's central bank publishes long-awaited figures showing annual inflation has reached a six-year high at 63.4%, the highest in the region.

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