Consumer Products & Retail

Spain's Corte Ingles expands business model-paper Saturday, 7 Nov 2009

MADRID, Nov 7 (Reuters) - Spain's largest retailer El Corte Ingles is revamping its business model to encompass new products and services to beat the financial crisis and the sharp drop in consumption, Expansion said on Saturday, citing unnamed sources. Full Article

Karstadt staff conceed wages to keep retailer alive Saturday, 7 Nov 2009

ESSEN, Germany, Nov 7 (Reuters) - The 28,000 employees at German department store chain Karstadt initially agreed to a plan to reduce wage costs by about 150 million euros ($223.1 million) over three years to prevent a breakup of the company. Full Article

Chrysler dismantles electric car plans under Fiat Saturday, 7 Nov 2009

DETROIT, Nov 6 (Reuters) - Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid. Full Article

More Consumer Products & Retail News

PREVIEW-Retailers in focus as earnings season draws to a close Saturday, 7 Nov 2009

NEW YORK, Nov 6 (Reuters) - U.S. retailers are poised to defy gloom next week as earnings expectations have improved, but the big test will be what they say about holiday shopping. Full Article

Wall St Week Ahead: Stocks eye retailers as jobless ranks swell Saturday, 7 Nov 2009

* U.S. retail earnings take center stage * Wal-Mart eyed for insight on consumer * On tap: September trade gap, November consumer sentiment * U.S. Treasury refinances record debt Full Article

UPDATE 1-Mexico's Walmex Oct same-store sales up 5.1 pct Saturday, 7 Nov 2009

MEXICO CITY, Nov 6 (Reuters) - Retailer Wal-Mart de Mexico said on Friday its October same-store sales rose 5.1 percent from a year earlier, helped by an extra Saturday and its ability to keep prices low in tough economic times. Full Article

CANADA STOCKS-Gold miners pull TSX higher, offset weak jobs data Saturday, 7 Nov 2009

* Index finishes up 3.1 pct on the week (Adds details) Full Article

Mexico's Walmex Oct same-store sales up 5.1 pct Saturday, 7 Nov 2009

UPDATE 4-Magna shares race higher on earnings, Opel fallout Saturday, 7 Nov 2009

* Shares end up 14.2 pct in Toronto, 13.1 pct in New York Full Article

Worst is over for room rates at US hotels--study Saturday, 7 Nov 2009

NEW YORK, Nov 6 (Reuters) - The U.S. hotel industry is likely over the worst declines in room rates, but average prices will continue to slide in 2010 as the sector struggles to regain its footing, PricewaterhouseCoopers said on Friday. Full Article