Home Depot, Best Buy, Carrefour, Wal-Mart and other big-box foreign retailers are finding business in China difficult despite it being the largest and fastest growing consumer market. Some have closed stores, while others have faced fines for overcharging consumers. Meanwhile, Yum! Brands and some other foreign retailers are thriving in the Asian nation.
Retail sales growth in the Chicago area is being driven by big-box stores, while department stores at malls are in decline, according to a study. "The department stores aren't going anywhere, but the Targets and Wal-Marts and Kohl's of the world, they keep adding units," said John C. Melaniphy, founder and president of Melaniphy & Associates, which conducted the study.
Shopping expert Teri Gault runs Thegrocerygame.com, a Web site that alerts consumers to retailers' coupons and givebacks. Among her top six picks: Walgreen Co. offers rebates on many of its items, Staples' rewards card gives a $15 discount on every $200 spent in a quarter, and grocery stores' rewards card programs often offer bigger savings than such big-box chains as Wal-Mart Stores.