Tesco plans $6.6bn shareholder return from Asia disposals
LONDON/BANGKOK: Tesco (TSCO.L) plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to...
Value of e-banking transactions registers quarterly growth of 28pc
KARACHI: Digital banking channels processed 186.7 million transactions worth Rs11.7 trillion in Oct-December 2017, according to data released by the State Bank...
The Black Friday phenomenon—A shopping spree that beats all binges
Upon hearing her friends’ last year’s experience of Black Friday sales in which they availed great discounts, the 21-year-old pharmacy student from...
British supermarkets battle to secure stocks as chaotic Brexit looms
With no deal in sight as Britain’s March 29 exit date approaches, supermarkets are stockpiling, working on alternative supplies and testing new routes to cope with an expected logjam at the borders but say they face insurmountable barriers
Alibaba plots move to extend dominance in brick & mortar retail push
HANGZHOU: In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place...
METRO Cash & Carry, Careem to facilitate customers across Pakistan
LAHORE: METRO Cash & Carry Pakistan in a new initiative has joined hands with Careem, a ride-hailing app, to make the travelling...
CPI Index shows 4.57pc increase in December
KARACHI: The Consumer Price Index (CPI), during December 2017 witnessed an increase of 4.57 per cent as compared to the same month...
Amazon contemplating entering financial sector with a checking-account like product
NEW YORK: Amazon.com Inc, the world’s largest online retailer, is in talks to create a checking-account-like product with big banks such as...
Amazon’s dominance hasn’t knelt a death-blow to retail stores
NEW YORK: Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to...
Covid-19: Amazon planning to build its own testing lab for staff
Retail giant Amazon says it will build its own coronavirus testing lab to monitor the health of its staff.
Cases of Covid-19 have...
Rumors of Amazon’s entry into online selling of medicines rattles drug retailers shares
New York City: Shares of drug retailers Walgreens Boots Alliance Inc, CVS Health Co and Rite Aid Corp tumbled on Friday after...