Retail

Retail Sales in UK surpass July Forecast

U. K. retail sales have grown more than what was predicted by economists in July. The surge in demand for clothes is believed to be the biggest reason for the bounce back from a fall last month.

The Office for National Statistics (ONS), executive office of the UK Statistics Authority,... read more

Market Basket Needs to Restock its 71 Stores

Market Basket faces an utter need to refill with grocery its 71 stores. Its stores require 300 tons of steak, rump roasts and other beef; 15,000 boxes of fish fillets and seafood and 60,000 cases of hot dogs, bacon, and deli products among other items.

To refill all these things, it will... read more

Wal-Mart to Provide Personalized Online Shopping Experience to its Customers

Wal-Mart is making efforts to personalize your online shopping experience. It is going to make certain changes on its website and is also rolling out new features.

All these efforts are also being made to give a stiff competition to Amazon.com. Wal-Mart in its website will show its... read more

Target Appoints Brian Cornell as CEO

Target has appointed PepsiCo’s American Foods head Brian Cornell as CEO and Chairman to steer the retailer out of the troubled waters after last year’s data breach. The retailer has suffered both in terms of revenue and reputation after the data breach that impacted millions of consumers.

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Indian Online Retail Giant Flipkart valued at $7 billion in latest funding round

The largest and fast growing Indian online retailer Flipkart has raised $1 billion in venture capital funding. Flipkart is offering tough competition to Amazon in India. The company has managed to improve its market in the country and maintain healthy margins as well.

The latest round of... read more

Wal-Mart to Replace Chief of US Discount Stores

The announcement by Wal-Mart to replace the chief of its US discount stores has exposed its fear that after over a year of disappointing results, its largest business unit is very less likely to revive itself. Bill Simon will be replaced on August 9 by Greg Foran, 53, who was promoted to an... read more

Best Buy hikes dividend by 12%

Electronics retail giant Best Buy Co. on Tuesday has confirmed that its board of directors has increased quarterly cash dividend on common shares by 12 per cent, from $0.17 to $0.19 per share.

The increase will take effect with the quarterly dividend which, if approved, would be payable... read more

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