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US job losses escalate as firms wield the axe by Lans
January 20, 2009, 6:23 am
Filed under: International Company News, International News

By Bloomberg and Sapa-AP

United States job losses mounted on Friday as employers in nearly every sector slashed 40 000 positions.

Circuit City Stores, a speciality retailer, said that it was liquidating, closing all its US stores and cutting 30 000 jobs, while rental car company Hertz Global said it was eliminating 4 000 jobs across the world, as families and business travellers forgo trips.

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Starbucks to shed 12 000 jobs as gourmet coffee sales dip by Lans
July 4, 2008, 7:02 am
Filed under: International Company News, Retail

Starbucks will close 600 US coffee shops and eliminate as many as 12 000 jobs, the most in its history, as chief executive Howard Schultz slows the chain’s expansion after it doubled in size in four years.

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Tesco shakes off gloom with record £2.8bn profit by Lans
April 17, 2008, 9:35 am
Filed under: International Company News

Tesco delivered a record £2.8 billion (R43.4 billion) annual profit and had made a strong start to its new financial year, driving up its shares, the world’s third-biggest food retailer said yesterday.

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Buyout to boost Iliad tile retail strategy by Lans
November 9, 2007, 6:33 am
Filed under: International Company News

Iliad Africa has bought a chain of nine tile retail outlets, the building materials distributor’s first foray into a market dominated by Italtile.

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Australia’s Woolies sprints past rival by Lans
September 4, 2007, 7:10 am
Filed under: International Company News

Australia’s Woolworths has forecast profit growth above 20 percent for the third consecutive year as it wins grocery market share from Coles Group and boosts savings from an efficiency programme.

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Wal-Mart cuts annual profit forecast by Lans
August 17, 2007, 7:32 am
Filed under: International Company News

Wal-Mart Stores yesterday reported a lower-than-expected quarterly profit and cut its annual earnings forecast

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Asia Pacific set for retail sales boom by Lans
August 15, 2007, 6:52 am
Filed under: International Company News

Rising affluence and rosy job prospects are forecast to fuel retail sales across the Asia-Pacific region in the second half of this year, according to a MasterCard survey.

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