Toronto’s multicultural population fuels a diverse grocery market
Toronto, one of the most diverse cities globally, boasts nearly 50% of its population born outside Canada, as reported by…
All articles by Mohamed Dabo
Mohamed Dabo
Mohamed Dabo is a seasoned journalist with extensive experience in financial reporting. He brings a wealth of knowledge from his previous work in the United States and France, along with his numerous contributions to business and financial publications over the years.
-
-
Hong Kong’s retail sales continue to rise, yet concerns persist
Hong Kong's total retail sales increased by 18.4% year-on-year in May to HK$34.5bn. However, trade representatives have expressed doubts about…
-
Decline in cigarette consumption poses challenges for retailers
The retail sector is witnessing the repercussions of a significant decline in cigarette consumption, which can be attributed to the…
-
Alibaba adds more grocery stores in China ahead of IPO
Alibaba's grocery unit, Freshippo, has announced plans to increase the number of physical stores in China. This move comes as…
-
Walgreens to close 150 stores by next summer
Walgreens has announced plans to shut down 150 stores following decreased demand for Covid-19 tests and vaccine shots, leading to…
-
Kroger creates in-house ad platform
Kroger has announced the development of its own in-house advertising platform. The platform aims to leverage retail data to improve…
-
Nike beats revenue estimates on strong sneaker demand
Nike exceeded expectations for quarterly revenue, outperforming Wall Street estimates. The sportswear giant saw a boost in sales due to…
-
Overstock.com acquires Bed Bath & Beyond’s IP assets
E-commerce retailer Overstock.com has announced its acquisition of bankrupt retailer Bed Bath & Beyond's intellectual property, signalling a strategic move…
-
Costco clamps down on membership card sharing
Following a rise in card abuse, US-based membership-based warehouse club Costco is taking a firm stance against individuals sneaking into…
-
Carrefour to cut nearly 1,000 jobs in France
French retail group Carrefour plans to eliminate close to 1,000 positions in its French headquarters, according to a source familiar…