Accelerating New Retail Strategy to Capture Opportunities in China’s Retail Sector Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (HKEX: 6808, “Sun Art”), a leading hypermarket and supermarket operator...
In the early hours of Monday, August 3, 2020, news broke out that South African food retail company, Shoprite Shoprite Checkers (PTY) Limited and Retail Supermarkets announced that it would sell off its assets and leave the country for good. Everyone has enjoyed the services rendered in their huge outlets...
British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores. Sales volumes in June leapt by 13.9 per cent from May, above all forecasts in a Reuters poll of economists. A 70 per cent surge in...
Amazon.com Inc’s India unit on Thursday said it will open 10 new warehouses in the country and begin offering auto insurance, in moves that will help the e-commerce giant widen its reach in a key growth market. With the expansion, Amazon will have over 60 warehouses or fulfilment centres across...