| Business |
| Business related information |
| Vishal Retail to step into cash & carry segment |
|
|
MUMBAI: Vishal Retail, the Rs 800-crore company that focuses on smaller cities, plans to foray into the cash & carry business in the current fiscal. The Delhi-based firm has also drawn out a Rs 700-crore expansion plan.
R C Agarwal, chairman & MD, Vishal Retail, said, “The cash & carry bu... |
| Sharjah CityCentre set to add 24 new retailers |
|
|
DUBAI — Sharjah CityCentre, a 35,000-square-metre mall featuring over 100 brands, expects to add 24 enterprises to its existing retail mix as it is undergoing a redevelopment phase this year.
In a statement, the mall said yesterday that its sales rose by 21 per cent last year while v... |
| Just appoints expert for bid |
|
|
Just Group has appointed independent expert Lonergan Edwards to assess Solomon Lew\'s $A900 million takeover bid for the Australian clothing retailer.
At the start of last week, Premier Investments, now chaired by Lew, made a cash and scrip offer which values the youth fashion retail... |
| Co-op edges closer to takeover of Somerfield |
|
|
takeover of Somerfield edged closer last night after it emerged that talks between the British supermarket chain and its suitor, the Co-op, were progressing despite disagreements over price.
It is understood that after a deadlock, talks between the two sides are moving forward, although a... |
| Dubai retail group takes over Singapore's Robinson |
|
| |
Al-Futtaim improves its offer for Robinson, valuing the retailer at $448 million. Meanwhile, Indonesia\'s Lippo Group and OCBC tender their shares taking Al-Futtaim\'s shareholding to 93%. Dubai’s Al-Futtaim has tabled a third offer for Singapore-listed Robinson and Company, valuing the retail... |
| Six new hypermarkets for 2008 |
|
| |
Carrefour plans to invest this year 120 million Euro in six new more stores in Oradea, Arad, Pitesti, Suceava, Iasi and Bucharest, according to Business Standard. Last November, Carrefour purchased the Artima chain of supermarkets for 55 million Euro. ... |
| Co-op acquires shopping centre |
|
|
EAST of England Co-operative Society has acquired a shopping complex at Frinton-on-Sea.
The Triangle Shopping Centre has 19 shop units, including its anchor store, Iceland Supermarket.
The society already owns the freehold on its own Co-op Fiveways Supermarket on the site.
|
| Debenhams becomes latest retailer to warn on falling sales |
|
|
The department store chain Debenhams has joined the ranks of retailers struggling with falling sales and issuing warnings about the gloomy outlook.
The chain, which operates 145 stores in Britain and Ireland, reported like-for-like sales for the 26 weeks to March 1 down 0.7%. Total sales we... |
| Wal-Mart will buy rest of Seiyu |
|
|
Wal-Mart Stores will buy the rest of Japanese chain Seiyu as the U.S. retail giant seeks the flexibility it says it needs to turn around the money-losing supermarket operator.
Seiyu, Japan\'s fifth-biggest retailer by sales, said shareholders approved the move at a meeting Tuesday. The v... |
| JJB may close 70 stores |
|
|
Sports retailer JJB is reviewing the future of more than 70 stores - a move which will raise further fears about the depth of the consumer downturn.
The closures have been identified as part of a review of the retailer\'s entire 420-strong portfolio by Chris Ronnie, the chief executive of... |
 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19  |
