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AUSTRALIA: Kmart names McDonald’s exec as its new MD | 22 Sep 08

Wesfarmers Limited has hired the former head of McDonald’s operations in China and Australia to lead the turnaround of Kmart, the general merchandise chain it acquired last year as part of its AUD19.8bn (US$16.7bn) takeover of Australian retail group Coles.

US: Sears income falls in 'difficult quarter' | 28 Aug 08

US broadline retailer Sears Holdings Corporation has reported net income of US$65m for the second quarter, compared with net income of $173m for the same period last year.





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