Xiaomi secures $1bn loan to expand global footprint
Chinese phone manufacturer Xiaomi has secured a $1bn loan to fund its global expansion programme and increase its retail presence.…
All articles by Hemanth Kumar
Hemanth Kumar
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South Africa’s Pick n Pay Stores cuts 10% of its workforce
South African supermarket chain Pick n Pay Stores has axed 10% of its workforce as part of a streamlining process…
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India’s Grofers secures approval for FDI in food retailing
Indian online food grocer Grofers has received governmental approval to retail food products through brick-and-mortar stores and online platforms across…
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Snapdeal agrees to sell FreeCharge to Axis Bank
Indian e-commerce retailer Snapdeal is set to sell its FreeCharge digital payments platform to private banking company Axis Bank.An agreement…
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Starbucks to take complete ownership of East China stores for $1.3bn
Starbucks has signed a $1.3bn agreement to take full ownership of 1,300 stores in China. Under the terms of the…
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ASDA deploys First Data’s B2B eCommerce gift card storefront
UK retail chain ASDA has signed an agreement to deploy commerce-enabling technology provider First Data’s B2B eCommerce gift card storefront.The…
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Sprint to open 73 new retail stores across northern California and Midwest
Telecommunications services provider Sprint is planning to open 73 new retail stores in northern California and the Midwest in the…
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Michael Kors to acquire Jimmy Choo for $1.35bn
Global fashion and luxury accessories retailer Michael Kors Holdings has signed a $1.35bn agreement to acquire footwear and accessories company…
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JCPenney embraces technology with Apple Pay
Department store chain JCPenney has started accepting Apple Pay in all its US stores to enable customers to make mobile…
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Aldi to phase out disposable bags across all its stores by end of 2018
German discount supermarket chain Aldi is set to gradually phase out the use of disposable bags across all its stores…