KARACHI: All Pakistan City Traders Association have termed the government’s ruling of implementation of the fixed tax on retailers as a ‘cruel’ act in current challenging economic times. During a meeting, the businessmen and traders denied complying with the newly imposed tax regime and have further announced a Pakistan-level meeting against this decision. Chairman All … Read more
Heinz beans and tomato ketchup were two items that vanished from Tesco’s shelves. Tesco declined to comment on if the new deal will result in a price increase for specific products. The dispute started when Kraft Heinz attempted to increase rates it was billing Tesco. Following a settlement between Tesco and Heinz, some of the … Read more
GameStop’s CFO was “fired because he was not the appropriate culture fit” source says. GamesStop has been reinventing itself to keep up with the online-dominant videogame industry. Shares of GameStop fell by more than 6% in extended trading. As part of an aggressive turnaround strategy, GameStop has removed its Chief Financial Officer, Mike Recupero, and … Read more
The organization will force a “gather pickup charge” determined. As a level of the expense of products got and a fuel overcharge in light of expense. The notice from Walmart’s head promoting official and head working official for Walmart.. Walmart Inc (WMT.N) will charge a portion of its providers from the following month new expenses … Read more
Reliance, India’s biggest retailer, said on Wednesday. It has cooperated with Gap Inc to sell the U.S. clothing. Retailer’s brands locally, denoting its most recent extension. Reliance will sell Gap stock through a blend of selective brand stores, multi-brand outlets and online business stages. Read More: U.S. switches Spirit Airlines’ Newark peak-hour flight approvals “The organization … Read more
Walgreens Boots Alliance reported quarterly sales and profitability that beat estimates. Shares fell by roughly 2% in premarket trade after the release of the earnings report. The company has increased its online offerings, such as curbside pickup and delivery. As its retail sales increased and its online sales increased, Walgreens Boots Alliance on Thursday reported … Read more
The act of expressing support for LGBT rights may potentially be illegal. Comes as Pride month, a time to honour LGBT individuals globally, draws to a close. Amazon says it ‘remains committed to diversity, equity, and inclusion’. In the United Arab Emirates, the online retailer Amazon has limited the search results for LGBT individuals and … Read more
People’s preferences and purchasing habits have changed, leaving retailers with excess inventory. Discount retailers rely on closeouts, overstocks and out-of-season merchandise to fill their shelves. Volume of products in the overstock market has increased by about 40% since June 2019 levels. Massive amounts of long-delayed orders for things that were popular in the early days … Read more
The preferred bidder to acquire Kohl’s is in discussions to keep the retailer’s top management team. Franchise Group owns brands including Vitamin Shoppe and Buddy’s Home Furnishings. The company has signaled confidence in CEO Michelle Gass and her management team, sources said. Franchise Group (FRG.O), the favored bidder to get Kohl’s (KSS.N), is in conversations … Read more
Lenders to Matalan are gearing up for tense discussions regarding the chain’s future financing amid rising inflation. Matalan’s senior bondholders are queuing up Perella Weinberg Partners to advise them on their alternatives. Meanwhile, other junior lenders, who are owed some £80 million, are close to engaging Houlihan Lokey to advise them. Lenders to Matalan, one … Read more
