Business tax 'could close 80000 shops in two years' - Daily Mail


Daily Mail

Business tax 'could close 80000 shops in two years'
Daily Mail
The tax is estimated to bring in £28billion for the Treasury this year – more than council tax – but critics say it disproportionately punishes retailers with shops as opposed to those which only trade online. Mr Osborne announced a review into the tax ...

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Online shoppers not even close to abandoning brick-and-mortar - ConsumerAffairs


ConsumerAffairs

Online shoppers not even close to abandoning brick-and-mortar
ConsumerAffairs
It was assumed that consumers prefer online shopping so the anticipated result of the survey was the extent to which mobile now plays a role. And the survey showed it's significant. Consumers want advanced mobile features, flexible shipping options and ...

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Blackstone Said Close to Deal to Buy Portugal Shopping Malls - Bloomberg


Bloomberg

Blackstone Said Close to Deal to Buy Portugal Shopping Malls
Bloomberg
Blackstone Group LP, the largest private-equity investor in real estate, is in talks to buy two malls in Portugal, two people with knowledge of the transaction said. The New York-based firm “very close” to an agreement to buy Almada Forum and Forum ...
Blackstone reportedly near deal for two Portugal shopping malls (BX)Seeking Alpha (registration)

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GST fears force another Chinese medicine shop in Penang to close

Another Chinese medicine shop in Penang is pulling down its shutters for the last time today as its owner "lost heart" to continue the business in view of the expected increase in costs when the goods and services tax (GST) comes into effect tomorrow. Its owner Lim Guan Cheng, 40, said although the last day of business was supposed to be...

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GST forces Chinese shop to close after 74 years

Yew Chian Hooi's Chinese medicine shop 'Ban Swee Choon' in Bukit Mertajam is opening tomorrow for the last time after 74 years in business. It will be closed for good come Wednesday, the day the goods and services tax (GST) begins implementation. The shop was founded by Yew's late father in 1941 and survived the second World War, the...

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Best Buy Canada to Close Stores in Restructuring

Best Buy said in a statement released Saturday that the cost of the consolidation will reduce earnings in its 2016 fiscal year by as much as 20 cents a share. Best Buy plans to rebrand the remaining 65 Future Shops under its own name while investing up to $160 million to improve operations. The company’s decision to close some Future Shops while rebranding the others reflects the difficult ...

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Another sundry shop to close with owner citing GST as the reason

An old corner sundry shop at the junction of Jalan C. Y. Choy and Lebuh Presgrave in George Town, Penang, is closing soon with the owner citing the goods and services tax (GST). Lim Eng Kooi, 77, said he decided to close his business as he was unsure he would be able to manage the business once the GST kicked in. "I know the business cannot...

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Weighed by new GST bills, another traditional Penang sundry shop forced to close

GEORGE TOWN, March 18 —  The Tatt Ming Sundry Shop in Air Itam has been in business for nearly five decades but the traditional sundry shop will close down in a week’s time due to the imminent...

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Shopping mall will close for a week due to blaze

A FIRE broke out at a shopping mall in Qingpu District yesterday, thepaper.cn reported. The blaze started about 10:38am on the third floor of the Yolo electrical appliances mall on Gongyuan Road. Windows were broken and black smoke billowed from the four-story building.

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South African business owners demand that immigrants close shop, petrol bombing immigrant shop

South African police say a foreigner was seriously injured when his shop was petrol bombed.

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