New Delhi: Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday said it has recovered 80 per cent of its business in the stores, wherever it has been allowed to operate unhindered. However, discretionary consumption continues to be under pressure, especially in the non-FMCG categories and impacting its margins, the company said. With D-Mart online sales also growing well in Mumbai, the company said it is now attempting to scale it up. "Wherever stores were allowed to operate unhindered, we recovered to 80 per cent or more of pre-COVID sales in most stores," said Avenue Supermarts in a post earning statement. Store operations and duration of operation per day continue to remain inconsistent across cities due to strict lockdowns enforced by local authorities from time to time. "In addition, in certain cities, authorities are once again insisting on selling only essential products. Hence our future revenues continue to remain uncertain," said Avenue Supermarts. … [Read more...] about Stores recover 80% per cent of pre-COVID sales: D-Mart
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All of this comes as statues of U.S. founding fathers, including George Washington and Thomas Jefferson, have been vandalized by violent protesters throughout the country. While some pundits have described these protesters as part of a fringe movement, it is clear that their voices are growing louder, and have begun to have an impact on some of America’s most powerful leaders. … [Read more...] about These Politicians Used To Be Proud Of America. What Changed?
In the same vein, the benchmark production was also cut to 1.7 million barrels per day, bpd, from the 2.1 million bpd initially proposed in the year 2020 budget. These are part of measures to meet the fiscal year budget expectations. However, cut in excessive and heavy recurrent expenditures is suggested for significant and positive impact. The country may need to observe austerity measures in all arms of government. Significant cuts need to be made to our national overheads and non-essential statutory spending. … [Read more...] about Nigeria: Democracy, economy and crude-oil
In January it also emerged Curious Planet – the educational retailer previously known as Australian Geographic, which is owned by parent company Co-op Bookshop – would pull 63 stores across Australia after failing to find a buyer for the brand, while denim chain Jeanswest entered voluntary administration that month and tech giant Bose also revealed it would close all Australian stores and 119 across the globe largely as a result of the rise of online shopping. … [Read more...] about The Reject Shop stocks could be worth $3 billion soon
According to Vice Chairman of the municipal People’s Committee Ho Ky Minh, the Prime Minister in 2012 approved a national plan of action to address the consequences of toxic chemicals used by the US during the war in Vietnam to 2015 and orientations to 2020. One of the tasks set by the national plan was to detoxify dioxin-polluted soil and sludge in Da Nang airport. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 12