Tesco Chairman to Step Down

Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.



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Logitech Says Tablet Slowdown Won't Disrupt Growth

Logitech said its turnaround won’t be derailed by a slowdown in the tablet computer market, as its second-quarter net profit more than doubled.



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Gucci Finds Luxury a Tougher Sell

The travails at Gucci are emblematic of the problems afflicting fashion’s big power houses.



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Will Free Data Become The Next Free Shipping?

Services that offer users data or pay data costs for visiting websites, signing up for free trials or watching movie trailers from smartphones or tablets are gaining traction.



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'Cheap Chic' Gets Cheaper Yet

Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.



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Apple's Ex-Retail Chief Readies Service for Web Shoppers

Ron Johnson, who helped build Apple’s successful retail stores before a troubled stint as J.C. Penney CEO, is readying a well-funded startup that aims to help online shoppers find the right products.



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China CNR Bags Major U.S. Contract

A Chinese railcar maker said it won the local industry’s first major contract in the U.S., with an agreement to supply 284 subway cars for $556.6 million to the state of Massachusetts.



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