The butcher is closed, metres of shelves are empty save for a single brand of shampoo and, worst of all, the toilet paper is out-of-stock. Once a Kenyan success story, homegrown Nakumatt supermarkets...
San Antonio: Eight found dead in truck in Walmart car park Eight people have been found dead inside a trailer truck parked outside a Walmart store in San Antonio, in the US state of Texas, police...
US retail giant Target's chief executive Brian Cornell on Tuesday played down Amazon's massive deal to acquire grocery chain Whole Foods, arguing that it "validates" his company's business model. "It...
When it's sweltering in Shanghai, do as the locals do and settle down for a nap at Ikea -- if you can find an open bed. Chinese have a peculiar penchant for making themselves at home in the Swedish...
Amazon announced Friday that it will acquire Whole Foods Market, a grocery store chain, for 42 U. S. dollars per share, in an all-cash deal valued approximately at 13.7 billion U.S. dollars....
German discount grocery store giant Aldi unveiled a major US expansion plan on Monday, aiming to make it the third-largest US grocery chain in five years. The planned $3.4 billion expansion will add...
Shares of upscale department store chain Nordstrom surged Thursday after it announced it was weighing the possibility of taking the company private. As the retail sector faces major upheaval and...
Bangladeshi authorities have confiscated half a tonne of gold from a top jeweller, officials said Sunday, amid a crackdown on a booming smuggling trade. Customs officials raided five outlets of Apan...
A resident of Adenta, Steve Acheampong, has emerged as the winner of the first edition of the ‘Shop n Save’ raffle campaign named “Win a Car” promo, to reward its customers. ‘Shop n...
Businessman, Dr. Kofi Amoah has urged government not to shy away from rolling out protectionist policies to favour local businesses. He said major world economic powers such as US and China have done...
Wal-Mart Stores scored another increase in sales at its US namesake stores in first-quarter results released Thursday, but earnings dipped on higher expenses. The world's biggest retailer reported...
US retail sales rose by 4.5% in April compared with the same month last year, but department store chains continue to struggle. JC Penney said like-for-like sales fell by 3.5% in its first quarter,...
Financial institutions operating in the country have with immediate effect stopped charging 17.5 percent Value Added Tax (VAT) on all financial services. The decision is in pursuant to the Value...
This week it was Bebe. Last month it was Staples. In February it was JCPenney. Stores are closing at an epic pace. In fact, the retail industry could suffer far more store closures this year than...
Dozens of major US companies are facing shareholder votes this spring that seek to require more disclosure about political lobbying, as activists demand greater corporate transparency. Votes are set...
The Chairman of the Spare Part Dealers Association at Abossey-Okai in Accra, Samuel Siaw Ampadu, says government officials “who wear suits and coats think because we are ‘dirty’ we do not know...
The NPP government has with immediate effect, through the Ghana Revenue Authority (GRA) abolished the Value Added Tax (VAT) charged on all financial service transactions in the country. GRA in a...
Wal-Mart Stores is eliminating hundreds of corporate jobs in a cost-cutting move, a person familiar with the matter said Tuesday. The cuts will affect employees in Wal-Mart's international division,...
Shares of Staples surged Tuesday following a report that the office supplies retailer was in talks with potential acquirers. Shares were up 12.9 percent to $9.78 in mid-morning trade after the Wall...
The Chief Executive Officer of the Ghana Shippers' Authority (GSA), Dr Kofi Mbiah, has asked governments of the West African sub-region to take bold steps to promote economic integration among member...
