Retail Sector

The Competition Watchdog Dropps Price Fixing Allegations Against Tesco

TescoIn a dairy investigation, some price fixing accusations against Tesco has been dropped by the Office of Fair Trading, the competition watchdog. The rival firms have been fined about £70 million.

OFT shared, that there was not enough evidence to pursue the claims involving milk and butter sales in the years 2002 and 2003.

Tiffany & Co. Launches a New Store at Shanghai’s Hong Kong Plaza

tiffanyA new Tiffany & Co. store has been inaugurated in Shanghai's Hong Kong Plaza that is situated on the city’s most famous luxury shopping harbors, and designer boutiques, and a center of business and financial services, the Huai Hai Road.

The store is 6,400-square-feet in width, and is stretched over two-levels.

Sierra trading post coupon codes

Sierra trading post coupon codesThe online shopping experience at the Cheyenne, Wyoming-based online and catalog retailer Sierra Trading Post - a firm that essentially deals in the sales of discounted products like seconds, overstocks and closeouts – can further sound ‘fetching’ with the numerous offers available via Internet coupons like ‘coupon codes.’

Amazon Files Lawsuit Against N.C. to Restrict Access to Customer Records

Amazon Files Lawsuit Against N.C. to Restrict Access to Customer RecordsState officials are striving to collect millions of dollars in form of sales tax owed by residents who buy books, music and other products online.

Amazon. com on Monday filed a law suit in a view to prohibit North Carolina from accumulating personal information about customers and their purchases of above 50 million products since 2003.

February retail slide casts doubts on RBA’s rate move

February retail slide casts doubts on RBA’s rate move

The Australian dollar tumbled on Wednesday after data showed retail sales fell surprisingly in February, leaving analysts divided on forecast weather RBA would lift interest rates next week.

Figures released by the Australian Bureau of Statistics showed that retail turnover slipped more than expected 1.4 per cent in February as compared with an increase of 1.1 per cent in January.

Volume of retail sales dropped from $20.12 billion in January to settle at $19.83 billion in February.

HRTC Enhances Canada’s Retail Sales in January

CanadaWith the rising number of Canadians purchasing the home renovation supplies for taking the benefits from the temporary tax credit, the retail sales have surged by 0.7 percent in January. Statistics Canada has revealed that there has been a surge of 6 percent in these sales with the year-on-year increase.

However, the auto sales dropped by 1.5 percent in spite of the rise in the prices of new cars.