We are in the process of consolidating all 20 of our retail outlets under the Cambridge brand.
Report: Sears to shut more Kmart stores in 13 states
20/09/2016 - 09:03
Sears Holding Corp. plans to shutter additional Kmart stores in at least 13 states by mid-December, Business Insider reports, using information from store employees and financial filings.
Report: Amazon handily trumps Jet on price, assortment
12/09/2016 - 14:09
E-commerce upstart Jet, recently acquired by Wal-Mart Stores Inc. for $3.3 billion, failed to beat Amazon on price on 44% of 331 best-selling items, undercutting its rival just 16% of the time, according to a study conducted by Boomerang Commerce for Business Insider.
Retailers lose their bid to halt Massmart bringing its exclusivity case
02/09/2016 - 15:50
THE Competition Tribunal has rejected an application by retailers Shoprite Checkers, Pick n Pay Retailers and Spar Group to delay a hearing into an application brought by Massmart objecting to exclusivity in lease agreements with landlords, with regard to its Game stores.
Is Walmart poised to triumph in e-commerce?
29/08/2016 - 10:22
After several quarters of disappointing online sales, Wal-Mart Stores, Inc.'s e-commerce sales increased 11.8% in its second quarter 2017 with U.S. e-commerce results stronger than key international markets for the retailer. While one quarter of sales acceleration doesn't spell success, Walmart has been making huge moves to grow its online sales.
Wal-Mart records biggest same-store sales increase in four years
23/08/2016 - 09:03
Wal-Mart Stores Inc. reported Q2 earnings of $3.77 billion, up from $3.48 billion a year earlier, while total revenue rose 0.5% to $120.85 billion. The company raised its guidance, which boosted shares 4% in pre-market trading.