Tag: Retail
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Sheng Siong CEO Mingles With Shoppers at Kallang Outlet Opening
Sheng Siong Makes a Personal Welcome at a New Outing In a refreshing break from corporate formality, Sheng Siong’s chief executive Lim Hock Chee was spotted mingling with the public at the opening of a new outlet in Leisure Park Kallang. The event, marked by a traditional red packet gesture, drew a diverse crowd of…
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Time to Spare a Thought: Christmas Shopping Trends and Festive Spending
The festive mood fuels eager shoppers and stronger wallet activity Time to spare a thought for retailers and consumers alike: the festive season has a way of turning ordinary shopping trips into purposeful quests. Christmas carols and seasonal jingles queued through in-store speakers have helped set a celebratory mood, nudging shoppers to browse more, compare…
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Top 10 Richest Families in the World: Dynasties Shaping Global Wealth
Introduction: A Snapshot of Global Family Fortunes The world’s richest families wield enormous influence across industries, from retail and oil to luxury goods and media. Recent analyses place a combined net worth of about $2.9 trillion for these dynasties, underscoring how legacy wealth has evolved with modern markets. While some families are rooted in long-standing…
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Why Your Chocolate Orange Has Got Smaller and More Expensive This Year
Why the Chocolate Orange is smaller and pricier this year If you’ve reached for a Terry’s Chocolate Orange this Christmas and noticed two things at once — it costs more on the shelf and weighs less than last year — you’re not imagining it. The familiar citrusy indulgence has both shrunk and priced up in…
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New MEC store in Nanaimo signals bright future for shoppers and outdoor gear
Biggest opening in Nanaimo for MEC marks a win for shoppers and the outdoor economy The grand opening of the new Mountain Equipment Company (MEC) location in Nanaimo, British Columbia, has kicked off a fresh chapter for outdoor enthusiasts on Vancouver Island. Dozens of shoppers lined up for the ribbon-cutting, with some camping overnight to…
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Kingfisher holds firm as retail fears rise over a softening UK market
Overview: Kingfisher’s forecast stands out in a wary market In a period when most UK retailers are wrestling with inflation, shifting consumer confidence, and tighter budgets, Kingfisher—the owner of B&Q and Screwfix—has bucked the trend by reaffirming a robust profit forecast. The update comes as the broader retail environment shows signs of softening, raising questions…
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Black Friday: Deep Discounts Trigger a Rush as Shoppers Seek Holiday Savings
Black Friday Returns With Deep Discounts and Shopper Anticipation After a year dominated by tariffs and rising living costs, American consumers are eyeing the calendar for a return to traditional holiday shopping rituals. Black Friday is shaping up to be one of the strongest discount events in years, with retailers rolling out aggressive promotions to…
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Asos Sees Losses Narrow as Strategic Review Moves Forward
Asos Reports Narrower Losses Amid Strategic Review Progress British online fashion giant Asos has published its latest full-year results showing a reduction in operating losses, even as revenues came under pressure. The group said its operating loss for the 52 weeks to 31 August 2025 narrowed to £212.3 million, down from £331.9 million in the…
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Walmart’s Strong Quarter Signals Americans Still Spending
Walmart Surges on Solid Quarter Amid Persistent Consumer Cares Walmart Inc. reported a stronger-than-expected quarter, lifting its outlook as the retailer benefits from momentum in online shopping and broad-category sales. The results suggest that, even in a cautious economy, American shoppers are still spending on essentials and everyday items, while shifting more purchases online. Executives…
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Asda raises nearly £600m from sale-and-leaseback deals amid debt pressures
Asda taps property assets to shore up finances The UK supermarket chain Asda has secured almost £600 million from two sale-and-leaseback deals, a move its private equity owner TDR Capital says strengthens the retailer’s finances ahead of a looming debt repayment to its former owner, Walmart. The transactions involve transferring property assets to investors while…