The price of doing business in Zimbabwean gold — the country’s latest currency — is too steep for many retailers, who can’t compete with an informal market still churning on U.S. dollars.
Tag: retail
Founded by four amateur musicians with a passion for rock, Ukraine’s largest holding company, which includes supermarkets and banks, has paid a heavy price for the war. But that has not stopped Fozzy Group from using its economic power to serve its threatened homeland.
Streaming video channels that allows interactive home shopping has been booming in China, and is beginning to win over customers abroad as a cheap and cheerful way of selling products to millions of consumers glued to the screen.
It’s about multiplying choices, not vanishing time…
We’re nearly two years into a global pandemic that has seemingly changed everything in our economy from how we shop to where we eat. COVID-19 indeed may transform our economic lives entirely – except how we work.
A new high-end food retailer, Gourmet, is helping reshape Egypt’s supermarket industry.
Real estate markets are starting to stir from their Covid-induced slumber. After months of plummeting listings and frozen transactions, new deals are finally being made and prices have begun to recover. But the extent to which real estate will share the longer-term pain of a global economic downturn is still unclear, with some predicting that […]
Responding to changing consumer habits, big box retail in Argentina have started converting outlets to offer an easier and cheaper shopping experience.
DETROIT — Outside Detroit, plans have been in the works for two years to transform the outdated Lakeside Mall into an open-air center with green space and a waterway. With the property in foreclosure and its ownership in limbo, the blueprints will have to be flexible. The mall’s troubles have spiraled since landlord GGP Inc. stopped paying the mortgage last year and then failed to find a buyer for the property amid turmoil in the retail industry. The center’s value, already less than the $135 million loan, was slashed another $25 million in February. Officials for the city of Sterling […]
Firms in Argentina are recruiting over-40s for their steady hand and people skills — and their affordability.
WASHINGTON — Back in October, Shannon Coulter was doing some late-night browsing on the Nordstrom website. Before long, the small-business owner had a nagging feeling about the department store’s line-up of Ivanka Trump apparel and shoes — a brand she couldn’t help but see in a different light amid the unfolding events of the presidential campaign. Just days earlier, news had broken of the explosive Access Hollywood footage in which Donald Trump bragged about groping women without their consent. “Something changed for me when the Trump tapes came out,” Coulter recalled in an interview. “Those words were just ringing in […]
CORK — On a December morning, as my plane pierces the ceiling of clouds and begins its descent toward the airport of Cork, my eyes are drawn to the flocks of sheep spread across the green fields below. It’s hard to imagine but this seemingly rural backdrop in southern Ireland houses the European headquarters of […]
Neither Thanksgiving nor the Friday after is a day off for British workers-shoppers. But there are even more reasons that the imported retail ritual is pointless.
The American retailer already has a presence in China, but its aim now is to develop shopping malls in smaller Chinese cities, where its community supermarkets can serve as anchors.
SWEDEN – Sagas are epic tales full of symbolic details, and the IKEA saga is no exception. The story of the Swedish furniture giant, founded in 1943 by Ingvar Kamprad, who is now 86 years old, definitely qualifies as a saga. It combines successes, setbacks and the carefully maintained mythology around the patriarch, who even […]
Categories
Will Plastic Bags Ever Disappear?
A technological marvel, the plastic bag has become a symbol of humankind’s ecological footprint. Laws and habits are decreasing their use, but the alternative is sometimes worse.
BRASILIA – There’s a strange section on Walmart Brazil’s website, strange at least for a retailer. It’s not the usual invitation to apply for a job, “Work with us,” but an invitation to make real estate deals with the huge multinational company. “If you own land or a building where it would be possible to […]