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  • November 28, 2014
  • Last updated: 6:27am
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Results 1 - 4 of 4 for income tax

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  1. Business - Companies - RETAILING

    Wal-Mart to focus on food safety as China sales slow

    Posted Nov 10th 2014, 03:39am by Reuters

    ... Wal-Mart reported pre-tax income outside the US was down 3 per cent to US$11.83 billion from a year-earlier, according to the company's filings. In October, Wal-Mart lowered its earnings forecast for this fiscal year, blaming a tough economy for the company's low-income customers. The retailer said it expects annual sales to grow in the range of 2 to 3 per cent, 2 percentage ...

  2. Business - Companies - RETAILING

    Shake-up in money transfer business looms with Wal-Mart's new service

    Posted Apr 19th 2014, 01:09am by AP

    ... The world's largest retailer introduced a new money transfer service that it says will cut fees for low-income customers by up to 50 per cent compared with similar services elsewhere. ... access to banks. The company already offers prepaid cards, cheque cashing services and tax preparation services. The retailer is aggressively trying to increase foot traffic in its stores after ...

  3. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... to be well-founded. Global management consultancy McKinsey estimates that a new class of consumer is emerging on the mainland in tandem with increasing disposable income. Describing them as "new mainstream consumers" whose annual income exceeds 106,000 yuan (HK$134,000), McKinsey predicts that their numbers will jump to 400 million by 2020 as they become the "standard setters ...

  4. Business - Economy - RETAILING

    Hong Kong keeps edge for mainland Chinese shoppers

    Posted Aug 02nd 2013, 12:00am by TIFFANY AP

    ... that cost more than their monthly personal income. Clothing, shoes and electronics were the top three categories for foreign brand purchases, although there was a distinct shift towards subtle ... is important when deciding whether to purchase. In addition to Hong Kong's chief advantage, not having a tax on goods and services, the city provides a wider variety of products backed by a strong ...



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