Tuesday, October 18, 2011

Economists expect 8.5% jump in Russia's retail sales

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18 October 2011
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  • Economists expect 8.5% jump in Russia's retail sales
    Economists surveyed by Bloomberg said that retail sales in Russia likely rose about 8.5% in September. If so, it would be the highest increase in more than a year. "Consumption now is growing mainly through rising loan volumes," said Julia Tsepliaeva, chief economist at BNP Paribas in Moscow. "That's shifting spending habits toward non-food items." Bloomberg Businessweek (17 Oct.) LinkedInFacebookTwitterEmail this Story
  • Germany's Metro seeks both chairman and CEO
    Juergen Kluge, head of Metro's supervisory board, has resigned a week after CEO Eckard Cordes said he would not seek to extend his contract, which is poised to end a year from now. Franz Markus Haniel, head of the family that runs the investment group Haniel, will be proposed as Kluge's successor on the board. Reuters (17 Oct.) LinkedInFacebookTwitterEmail this Story
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  • Australians start to embrace online shopping
    PayPal has released a report that predicts a significant increase in online spending in Australia. The study, which was developed with the Australian Centre for Retail Studies, Nielsen and Forrester Research, found that consumers are capitalizing on expanded choice and opportunities with online retailers. The Sydney Morning Herald (Australia) (18 Oct.) LinkedInFacebookTwitterEmail this Story
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