Shoppers spent a total of $45 billion over the Black Friday weekend, with the average shopper increasing spending by 6.4%.
A total of 212 million shoppers visited stores and websites over the weekend, compared with 195 million last year, the National…
Walmart (WMT) made an offer for 51% of the shares in South African retailer Massmart Holdings for 148 rand ($20.75) per share.
The offer represents a 19.2% premium over the 30-day weighted average price on Sept. 23, Walmart said in a statement. Sept. 23 was the final trading day before Walmart announced its initial offer.
“We continue to be excited by the opportunity to invest in…
Continue reading Walmart Bids for 51% Stake in South African Retailer
Walmart Bids for 51% Stake in South African Retailer originally appeared on DailyFinance on Mon, 29 Nov 2010 06:24:00.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News
Since 1998, Starbucks has contracted with Kraft Foods to distribute its bagged coffee through grocery stores. In letters released to The Wall Street Journal and Reuters, Kraft fired yet another salvo in its bid to hold together…
San Francisco local ratings giant Yelp rolled out a new offering last week that allows merchants to provide rewards or discounts to Yelp users who check in at stores or restaurants. This move has been long anticipated as Yelp b…
The General Motors IPO is now the largest ever, following the expansion of the offering by the underwriters.
Continue reading Banks Make GM IPO the Largest Ever
Banks Make GM IPO the Largest Ever…