AMSTERDAM (Reuters) – U.S. office supplies company Staples has won its battle to buy Corporate Express after the Dutch firm agreed to a sweetened bid of 1.7 billion euros ($2.65 billion) to create the world’s biggest office products supplier. Staples said on Wednesday it was raising its all-cash offer to 9.25 euros per share from […] ↓ Read the rest of this entry…
After years of controversy and opposition from local retailers, Wal-Mart this month is poised to open its first store in India, launching an expansion that will include 10 more big-box outlets in the potentially vast Indian market over the next two years…
IT’S a nagging, almost decade-old doubt that has kept foreign direct investment (FDI) in retail at bay: will the entry of Big Retail hurt the six million kirana stores?
By SHELLY BANJO No SUV-driving American shopper would be surprised to find 20 lb. sacks of dog chow at a Wal-Mart supercenter. But at an urban minimart that is trying to attract bag-toting pedestrians? Not so much. Wal-Mart is struggling to expand with small stores as it seeks to penetrate big cities and jumpstart its U.S. […] ↓ Read the rest of this entry…
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