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Survey ranks fastest emerging global retail markets
Retailers looking for global opportunities in emerging markets should head to Asia, particularly China, according to a just-released survey.
China ranks as the top country in A.T. Kearney’s 2016 Global Retail Development Index (GRDI), followed by India, whose high market potential, fast growth, improved regulatory environment, and ease of doing business pulled it up to second in the rankings. (See end of article for top 30 rankings.)
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Top Best Buy exec cuts stake in company
Hubert Joly, CEO of Best Buy Inc., is doing a little diversification of his personal stock portfolio.
Bloomberg reports that as of June 2, Joly has sold 398,000 shares of Best Buy stock, or 44% of his roughly 910,000 company shares, for $12.8 million.
The retailer said Joly is not exploring other opportunities and has no plans to leave his current position.