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Malaysia’s retail and tourism sectors are set to benefit as the government increases cash aid and raises the minimum wage to ease cost-of-living pressures in what could be Prime Minister Anwar Ibrahim’s final budget before a national election.
Tokyo, Oct. 6 (Jiji Press)--Seven & i Holdings Co. has closed all of its 31 7-Eleven convenience stores in India by the end of September amid intensifying competition with local shops, company officials said Tuesday. The Japanese retailer had operated around 60 7-Eleven stores in Mumbai and elsewhere in India as of the end of 2025 under a franchise agreement it signed with Reliance Retail, a...
Babylist CEO Jennifer Hyman discusses the company’s new 20,000-square-foot showroom in Manhattan’s SoHo neighborhood, which opened at the end of September and is its largest retail location yet. Hyman says the space is designed to help expecting and new parents research major purchases with expert guidance: visitors can learn about products, try baby carriers and get help installing car seats. She speaks with Scarlet Fu on "The Close." (Source: Bloomberg)
KENYA · RETAIL Key Facts —The country Kenya’s formal retail sector has seen several large chains fail under debt in the past decade. —The model Quickmart funds new stores mainly from internally generated cash, with suppliers carrying stock. —The scale It runs 72 stores across 16 counties, 35 of them open around the clock. —The […] The post Quickmart Kenya Grows on Supplier Credit Rather Than Bank Debt appeared first on The Rio Times.
Forrester analyst Sucharita Kodali says strong retail sales are hiding a major divide in the US consumer. Higher-income shoppers are still spending, while rising gas costs squeeze lower-income households. She explains why Walmart, Costco and Amazon could gain even more ground this holiday season as middle-tier retailers struggle. (Source: Bloomberg)
Colombia’s largest hard-discount chain will let customers carry out basic banking transactions at store tills on behalf of Grupo Aval’s four banks. The post D1 Will Act as a Banking Correspondent for Grupo Aval appeared first on The Rio Times.
The retailer filed in August and a judge granted a 180-day shield on 31 August. The shares have more than doubled since, off a very low base. The post Brazil’s Casas Bahia Is in Court-Supervised Reorganisation With US$3.4 Billion of Claims appeared first on The Rio Times.