Sugar price mounts by Rs. 5 per kg in Lahore
November 5, 2010 by Trend PK
Filed under World News
Staff Report
LAHORE: During last 24 hours, the price of sugar has mounted up by rupees 5 per kg in Lahore.
According to details, in various parts of Punjab including Lahore, the retail price of sugar has climbed to Rs. 96 to 98 per kg while in whole sale market it is being sold on Rs. 93 to 94 per kg.
This latest increase of Rs. 5 per kg, in sugar price, is considered to be a record of 24 hours’ price hike as yesterday sugar’s whole sale price was Rs. 86 and the retail price was Rs. 92 per kg. Trend Pk
sams club
May 27, 2010 by Trend PK
Filed under World News
Costco Wholesale Corp. reported a 46% jump in quarterly profit as the club store operator benefited from an improving economy and rising sales of fresh meat, produce and other foods.
Consumers appear to be having “frugality fatigue” and are now spending more on non-discretionary items after the recession prompted belt-tightening last year, Costco executives said today during a conference call with analysts.
“There’s at least not as much concern that the sky is falling,” Costco’s chief financial officer Richard Galanti said during the call, which followed the release of the Issaquah, Wash.-based company’s fiscal 2010 third-quarter results.
Costco’s net sales increased an average of 10% over the past three quarters, reflecting both stepped-up consumer spending and club stores’ growing share of the retail food market. By the end of August, Costco expects to open five new stores, along with the 524 it already operates in the U.S., Canada, Mexico and Puerto Rico.
Sales at U.S. stores open at least a year rose 3%, excluding gasoline, during the quarter, compared with a year earlier, Costco said.
In meat, produce and other fresh foods, Costco’s sales rose by “mid- to high single-digits” on average, in percentage terms, compared with the same period a year earlier, Galanti said.
While there was slight inflation in meat prices during the quarter, Galanti indicated that the combination of food retailer competition and cheaper private label products may keep food costs in check in coming months.
“There’s still very competitive pricing out there,” Galanti said.
Costco expects “very modest” food price inflation, at no higher than 1% to 2%, over the next six months, Galanti said, citing discussions with store operators.
During April, prices for food consumed at home were little-changed compared with the same month in 2009, according to government data.
Club stores, which charge membership fees for access to discounted goods in bulk, have gained ground in food retailing at the expense of traditional supermarkets. That reflects consumers seeking lower prices as well as access to nonfood items, such as fuel and apparel, at the same location they bought groceries, analysts say.
During the third quarter, Costco’s net income rose to $306 million, or 68 cents a share, from $210 million, or 48 cents, a year earlier. Sales rose 12% to $17.4 billion.
Per-share profit beat analysts’ expectation by about two cents, according to Thomson Reuters I/B/E/S.
Costco shares rose $2.44, or 4.4%, to $58.42 in early afternoon trading today.
The stock may climb further amid an outlook for even stronger profit in 2011, analysts said. Costco shares are still down about 1.2% this year.
Deflation has waned, consumer discretionary spending is re-emerging and store traffic is “nicely positive,” Peter Benedict, an analyst with Robert W. Baird, said in a report on Costco today. “Fundamentals should continue to improve over the balance of the year.”
Benedict has an “outperform” rating on Costco shares and estimated the stock may reach $70 over the next 12 months.
Wal-Mart Stores, Inc.’s recent discounting campaign to boost store traffic has affected traditional supermarkets more than Costco, Galanti said. Still, Sam’s Club’s, Wal-Mart’s club store unit, remains a top rival.
“We and Sam’s Club are fierce competitors” under pressure to make money, Galanti said. “We’ll hold our own.”
Wal-Mart is the top U.S. club store operator, with 596 Sam’s Club stores at the end of 2009.
Source: Bruce Blythe, Business Editor, Vance Publishing
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commercial real estate
May 19, 2010 by Trend PK
Filed under World News
U.S. commercial real estate values fell in March, pushed lower by a quarterly drop in retail and office properties in the biggest metropolitan areas, Moody’s Investors Service said.
The Moody’s/REAL Commercial Property Price Index fell 0.5 percent from February, the second straight monthly decline, Moody’s Investors Service Inc. said today in a report. Prices slid 25 percent from a year earlier and are down 42 percent from the October 2007 peak.
“This is continued bad news for property owners,” Christopher Cornell, an economist at Moody’s Economy.com in West Chester, Pennsylvania, said in a telephone interview. “The trend is basically flat prices.
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With CRES-Tek, commercial brokers can upload property information into a Web-based data system and have a full package of marketing materials generated in minutes, says Ingrid van Arnhem, senior executive vice president with Commercial Real Estate Solutions (CRES), a Beverly Hills, Calif.-based consulting firm and developer of the CRES-Tek’s application.
Retail property prices in the top 10 metropolitan areas fell 19 percent in the first quarter from the last three months of 2009 and office prices dropped by 7.2 percent.
Nationwide, office prices declined 3.2 percent and retail prices slumped 4.7 percent. Cornell called the retail performance “dismal.”
Recently, van Arnhem and her partner, CRES president and CEO Mark Donahue, both long-term veterans of commercial brokerage firm CB Richard Ellis, noticed brokers had few options for generating marketing collateral for commercial properties. A number of services aid residential brokers in creating marketing brochures online, but similar services did not exist for commercial real estate. Instead, commercial real estate brokers often rely on shared in-house marketing directors to create collateral—which can delay turnaround times. And brokers at smaller firms often don’t even have that option and have to build the materials themselves, which can lead to inconsistencies in the company’s branding.
Bangkok: 16 dead, foreigners injured in protests
Sixteen people were killed following violent clashes between troops and anti-government protesters in Thailand’s capital city, Bangkok.
Three foreigners were among the more than 125 people injured, emergency services have said. A French news channel has said one of its cameramen, Nelson Rand of Canada, was gravely wounded while covering the unrest. The other injured foreigners were from Burma and Poland. The country’s defence minister said that the military operation was aimed at pressuring the leaders of the Red Shirts to return to negotiations. He said troops sealed off all routes leading to the Red Shirts rally site at the Ratchaprasong intersection, in the retail heart of Bangkok, and cleared protesters from another area of the city. Thailand’s fugitive former premier Thaksin Shinawatra called on the countrys government to pull back troops and restart negotiations with his Red Shirt supporters. Police fired tear gas at protesters as troops advanced on the Red Shirts’ main camp. Dozens of Red Shirts set up the checkpoint in an attempt to stop soldiers from approaching their main camp in central Bangkok. The shooting coincided with a government effort to seal off the protest site by cutting power and blocking roads. As part of the operation the army warned it would deploy snipers. The fresh violence came after Prime Minister Abhisit Vejjajiva shelved plans to hold early elections in November because the protesters refused to disperse.
Bharat Bandh on 27 April 2010
Bharat Bandh against inflation on 27 April 2010. According to the latest news, observe the BJP’s rally against the price Rise and Sansad Chalo rally, not the UPA & Non-NDA parties Bharat Bandh 27 April 2010.
Bharat bandh announced by non-BJP and the Congress party in India. The major parties in the Indian communist parties are CPI, CPM, INLD, SP etc. Barat Band is a movement against UPA government’s inability to control prices and food inflation. “We have decided to hold a closure in the country 27.04 against price increases” the Communist Party of India (CPI) secretary AB Bardhan told reporters after the meeting.The parties to launch a nationwide effort to protest the government’s “failure” to prevent the increase in the prices of essential commodities as “Bharat Bandh” on 27 April.
Source: indianpublicholidays
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wmt
February 18, 2010 by Trend PK
Filed under World News
TrendPK.com CHICAGO (MarketWatch) — Retailers’ shares slipped a bit Thursday as the main sector indicator was off following mixed-bag results from Wal-Mart Stores as well as persisently high unemployment data.
The S&P Retail Index /quotes/comstock/10u!i:rlx (RLX 410.00, +0.36, +0.09%) fell nearly 1% to 407.34 in early action.
/quotes/comstock/10u!i:rlx RLX 410.00, +0.36, +0.09%
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Garmin Nuvi 205
February 18, 2010 by Trend PK
Filed under World News
TrendPK.com Garmin Nuvi 205 : You know, Amazon is the best when you see that it offers incredible deals for a lost of useful products such as portable GPS devices. Today we are going to talk about the two of them: The Garmin nüvi 205, Garmin Nüvi 205W, which are both [...]
Shaun White Gold Medal Run 2010 Video
February 18, 2010 by Trend PK
Filed under World News
TrendPK.com Sean White Olympics 2010 and Shaun White Gold Medal Run 2010 Video – After being shut out of winning any medals on Tuesday, Team USA soared back into the 2010 Winter Olympics medal lead in Vancouver, BC. Snowboarder Shaun White captured the Snowboard Half Pipe gold to go along with North [...]
