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Sears goes bankrupt, mired in debt and deserted by shoppers

NEW YORK: Sears Holdings Corp., the 125-year-old retailer that became an icon for generations of American shoppers, filed for bankruptcy, saddled with billions of dollars of debt racked up as it struggled to adjust to the rapid shift toward online consumption.

Property retail segment consolidates

PETALING JAYA: Although the property retail scene will remain challenging in the next couple of years as a result of rising retail space and the competition brought about by e-commerce, the retail sector will continue to grow, albeit at a much slower pace, backed by more “targeted valued content and offerings” using different delivery channels.

Affin upbeat on Hai-O MLM division

WE came away positive from our meeting with management on Hai-O’s prospects.

News in brief

Japan's largest tyre maker, Bridgestone Corp, reported nine months to September net profit of 80.5 billion yen, a level equivalent to 77.4% of the company's full-year profit forecast, led by the strong performance of its US and Europe operations.