The Shopping Centres Association of India (SCAI) has said that over the last two months, the organised retail industry has suffered losses of over Rs 90,000 crore and large-scale unemployment is a real possibility in the absence of financial relief and government support. Mumbai | Bengaluru: Mall developers and shopping centre owners have sought immediate […]

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It’s looking like 126-year-old Sears Holdings Corp. will soon head to liquidation. Last week, Sears Chairman Eddie Lampert submitted a $4.4 billion bid to keep afloat at least part of the retailer, which owns both Sears and Kmart. Lampert entered the bid through Transform Holdco LLC, an affiliate of his private equity firm, ESL Investments […]

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