Saks to open first Mexico store
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Saks Inc.  plans to open its  first Saks Fifth Avenue store in Mexico next September and may  open more stores in the country to add profit as the luxury  retailer works to improve its U.S. operations.
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(InfoWorld) - Indian outsourcer Wipro has opened a software development facility in Monterrey, Mexico, to offer services to clients in North America and Latin America in the same time zone and geographical proximity. Wipro made the announcement Tuesday when Mexico's President Felipe CalderÃ³n Hinojosa visited its Bangalore campus. He is in India to promote business collaboration, particularly in IT, between the two countries. Mexico's broad language skills and proximity to Canada and the U.S. helped Wipro decide to establish a presence there. Latin America is also a strong emerging market where many of Wipro's clients operate. Wipro's Monterrey facility will employ 100 people. Some of the center's Mexican staff are already training in Bangalore. Infosys Technologies, another Indian outsourcer, announced last month that it isÂ setting up an IT services and BPO (business process outsourcing) facilityÂ in Monterrey. Indian outsourcers like Tata Consultancy Services, of Mumbai, have also invested in services delivery centers in Latin America with an eye to offering near-shore services to clients in North America and to service the Latin American market. Wipro announced last month that it is setting up a software development center in Atlanta and plans to hire staff for the center from local universities. The center, which will have 500 employees by the third year of operation, will help Wipro in hiring highly skilled workers and domain experts who will be critical to Wipro's business growth plans in the U.S., the company said.
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NEW YORK - Retailer Saks Inc. Friday said it will close its Saks Fifth Avenue upscale department stores in La Jolla and seven other locations and three of its lower-price Off 5th stores, affecting 700 jobs.
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HUATUSCO, Mexico  - In 1904, the ice cream cone  made its debut, Russia and Japan were at war and Manuel Sedas  was born into a lifelong struggle to extricate himself and  fellow Mexican peasants from poverty.
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Franchisees will have a new landlord in National Retail Properties.
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Wal-Mart Stores said it expected to offer banking services in Mexico by the second half of 2007. Eduardo Solorzano, the president of Wal-Mart de Mexico, or Walmex, said the company would initially finance its banking business with its own capital. Last week, Mexico approved the opening of five new banks, including one by Walmex. Mr. Solorzano said he hoped the companyÂs banking division would bring it closer to its customers. The bank is expected to offer basic deposits and loans, including savings accounts linked to debit cards and checkbooks.
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The new facility will focus in part on geographical information systems and technologies for emerging markets.
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TEOTIHUACAN, Mexico  - Burning incense and  sounding a conch shell horn, residents of an ancient Mexican  city protested on Saturday at the construction of a Wal-Mart  store on the edge of the ruins.
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SAN MIGUEL confirmed yesterday what the market has long suspected, firing its first shot in what could be a bidding war for National Foods.
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Britain's largest retailer, Tesco, is planning to open its first US stores later this year, with a series of openings targetting several western states, a Tesco spokeswoman said.
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Border Cafe will open a restaurant at the new Shops at Saugus, a $35 million shopping center being built on Route 1 north on the site of the old Caruso's Diplomat function hall.
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MESA, Arizona  - The site for one of Tesco Plc's first stores in the United States is a sun-scorched intersection in the sprawling Phoenix valley, opposite two pay-day loan firms and a gas station minimarket.
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Home Depot Inc. expects its sales in Mexico to reach &#36;1 billion next year, the chief executive of the world's largest home improvement retailer said on Saturday.
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The President-elect of Mexico, Felipe Calderon, announces his first cabinet appointments.
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Wal-Mart, already Mexico's largest retailer, is hoping to tap into the country's booming consumer-loan market when it opens its own bank in the second half of next year, executives said on Monday.
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COSTA MESA, Calif. -- Few people took notice when Sony Electronics Inc. opened a tiny storefront last year here at South Coast Plaza, a swanky mall south of Los Angeles.
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MIAMI - America Online Inc. has launched an online shopping service called inStore that lets users search for products, compare prices and features and set up price-drop alerts.