Plastic could break furniture retail credit arms
May 22, 2007, 6:20 am
Filed under: Local Company News
Filed under: Local Company News
The country’s biggest three credit furniture retailers faced a long-term threat to their business model as banks continued to issue credit cards to mass-market consumers, analyst have said.
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Indian tycoon to take on retail giants
May 22, 2007, 6:03 am
Filed under: International News
Filed under: International News
Indian billionaire Kumar Mangalam Birla plans to invest as much as 90 billion rupees (R15.5 billion) in three years to start a retail chain and compete with Reliance Industries and Wal-Mart Stores.
JD Group warning about Deterioration in the Credit Profil of its Customers
JD GROUP This furniture retailer’s recent warning about a deterioration in the credit profile of its customers is sharply reminiscent of a similar warning in January 2002.
