Industry Summits
Recalls put consumer product makers on defense
NEW YORK (Reuters) - A rash of recent product mishaps, from tainted pet food that killed animals to a recall of toy trains due to lead paint, have consumer product executives defending their operations and condemning those who sacrifice safety in the hopes of turning a quick profit. Full Article
CEOs say consumers only go so far to "go green"
NEW YORK (Reuters) - U.S. companies are working hard to make everything from clothing to laundry detergent more environmentally friendly, corporate executives said this week at the Reuters Consumer and Retail Summit. Full Article
Asda calls on rivals to collaborate on environment
LONDON (Reuters) - Asda, the British supermarket group owned by Wal-Mart Stores Inc. , has said the industry needs to put aside some of its "cut-throat" competitiveness and collaborate to drive sustainability. Full Article
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Luxury spending sparkles, execs say
NEW YORK (Reuters) - While discount retailers like Wal-Mart Stores Inc. have seen sales battered by soaring gas prices and the slumping housing market, high-end shoppers are still crowding tony stores and buying expensive baubles, executives said at the Reuters Consumer and Retail Summit this week. Full Article
Catterton trying to ride healthy trend
NEW YORK (Reuters) - Healthy products are driving growth in the food and beverage business and providing fertile ground for investment, a senior private equity executive said at the Reuters Consumer and Retail Summit this week. Full Article
CEOs see split in U.S. consumerism
NEW YORK (Reuters) - Executives provided a mixed picture of the U.S. consumer this week, saying that wealthy spenders were driving growth of the luxury market while the tough economy was leading other shoppers to pull back. Full Article
Big retailers to streamline global operations
LONDON (Reuters) - International supermarket chains must streamline their operations across the globe to focus on markets where they can be one of the top three players, a senior retail banker said on Thursday. Full Article
Emerging markets slow for retailers
NEW YORK (Reuters) - Retail and consumer companies have high hopes for breaking through in emerging markets, but growth in countries such as India and China may take longer than expected. Full Article
Retail acquirers face rivals in private equity
NEW YORK (Reuters) - Private equity's lusty interest in the retail sector is making acquisitions at realistic prices tougher for companies to identify, executives said this week at the Reuters Consumer & Retail Summit. Full Article
Tesco warns against "frenzy" in India
LONDON (Reuters) - Britain's Tesco has criticized the "frenzy" being whipped up among foreign retailers about entering India and said it will only launch there subject to a change to laws that prohibit non-Indian ownership. Full Article
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