Two of the biggest card networks in the U.S. are scheduled to hike card processing fees. The move comes at a time when there is growing push towards a cashless economy. The Wall Street Journal has reported citing sources familiar… Read More ›
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Second largest U.S. Toy Store files for Chapter 11
The fierce competition between Amazon.com and Wal-Mart are driving retailers out of business. More than a dozen significant retail chains, including Perfumania Inc, rue21 Inc, BCBG Max Azria Global Holdings LLC, Gymboree Corp, and Payless Holdings LLC have filed for… Read More ›
Wal-Mart’s second quarter sales beat analysts expectations
Its strategy of having customers place their orders online and have them collect the same from brick and mortar stores, appears to have paid off. On Thursday, Wal-Mart Stores Inc reported its twelfth consecutive rise in quarterly sales. It has… Read More ›
Sycamore Partners acquires U.S. Office supplies chain Staples Inc for Rs $6.9 billion
The deal underscores Sycamore’s strategic discerning ability to pick up a healthy company from a basket of bankrupt-laden ones. On Wednesday, Sycamore Partners stated it would go ahead and acquire U.S. office supplies chain, Staples Inc for a cool $6.9… Read More ›
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