In the US, nearly 83 per cent of the outlets are convenience stores that dispense about 80 per cent of the total fuel sold. The traditional oil companies own about 13 per cent of the retail outlets selling only 6.2 per cent of the fuel.(Shutterstock) AddThis Sharing Buttons The convenience of buying petrol and diesel … Read More →
An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. Both partners will commit $200 million each in the form of equity and raise another $600 million in debt to create a corpus of $1 billion to invest in and … Read More →
Image of a Bengaluru mall for representational purpose (File | EPS) BENGALURU:THE officials of the Fire and Emergency Services department on Sunday conducted surprise visits to several malls and high-rise commercial establishments across the state and found that at least 24 malls among the 44 which were checked violated fire safety norms. Many of them … Read More →
Commerce has a new entrant! While E-commerce is now ubiquitous, there is another trend that is now picking up rapidly. Voice commerce, although, is somewhat in its nascent stages, is already starting to show powerful influence on consumer behaviours. How is everyone getting ready to handle this new wave of shopping technology? Shopping malls – … Read More →
Since the 1950s, department stores like Sears and JC Penney have anchored suburban shopping malls. But hundreds of chains are expected to soon close their doors . Sears, an iconic mall mainstay, is shuttering over 300 locations in the US by the end of 2017, and JC Penney also recently said it will close 138 stores due to waning traffic and sales.Now, … Read More →