Makro revamps stores to compete

Massmart plans to revamp 10 of its 17 Makro stores, which would thereafter offer fresh produce, butchery items and new brands. The chief executive of Makro stores, Kevin Vyvyan-Day, said yesterday that the new stores would be more shopper and environmentally friendly and would allow consumers to buy single items as well as bulk packs.... Continue Reading →

J. Crew Profit Vaults Ahead

NEW YORK — J. Crew Group Inc. is running strong and bringing its business to new markets. “It’s been a nice year so far,” Millard “Mickey” Drexler, chairman and chief executive officer, told Zee. “Every day we get a bit smarter about our business, but you can never let your guard down.” On Wednesday, the... Continue Reading →

Struggling JJB Sports puts itself up for sale

(Reuters) - Debt-mired JJB Sports put itself up for sale on Thursday and warned investors their shares may be worthless, placing the sports goods retailer at risk of becoming another big-name British retail casualty. The company has been rocked by funding issues, falling sales and stiff competition as UK store chains battle weak consumer spending,... Continue Reading →

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