Retail

Retail turmoil claims major scalp as Toys ‘R’ Us files for bankruptcy protection

Wilmington/Bengaluru — Toys ‘R’ Us, the largest US toy store chain, filed for bankruptcy protection late on Monday. This is the latest sign of turmoil in the retail industry, which is struggling against the onslaught of online shopping and discount chains. The chain has 53 stores in SA, according to the store locater on its local website. But the Chapter ...

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Angry CBN to sanction erring banks over retail forex

Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) which fails to comply with its directive to open teller points for retail forex transactions. It also sustained its intervention in the various sectors of the inter-bank Foreign Exchange market with the injection of $545 million. The apex bank had on March 3, 2017 instructed DMBs to, ...

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What do market highs mean for retail investors

Markets are high—Nifty crossed 10,000 for the first time and corrected thereafter. This market rally has been broad-based, driven by fundamentals. It can also be seen as an affirmation of the Indian economy’s strength and the potential it can scale. Our economy is at an inflection point; 10,000 or thereabouts on Nifty is just a milestone and the equity markets ...

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Winners revealed at black-tie ceremony (From Reading Chronicle)

BUSINESS tycoons and independent retailers united at The Hilton Hotel to recognise the stalwarts and the unsung heroes of the town. The eighth annual Reading Retail Awards celebrated the outstanding achievements of the last 12 months on Saturday evening with a black-tie ceremony. ITV’s Sangeeta Bhabra continued her unbroken run of hosting the prestigious awards and was joined for the ...

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China’s JD.com reprograms retail with new tech 

THOUGH JD.com Inc is already a large e-commerce player in China, it has another big goal in mind – to become known as the provider of technologies and innovations that enhance the business capabilities of all retail-industry stakeholders.  Chen Zhang, chief technology officer for JD.com, said that e-commerce is the latest revolution to transform the retail industry at all ...

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Why Experiential Shopping Is the Next Frontier in Retail — The Motley Fool

Continuing our discussion of Nordstrom‘s (NYSE:JWN) new “Nordstrom Local” concept store, we dive into other examples of experiential shopping, some of which may surprise you. Who knew that do-it-yourself retailer Lowe’s (NYSE:LOW), for example, was at the forefront of this movement? For this and other examples of a trend consumer goods investors should follow closely, check out the video below. A ...

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