Big bricks-and-mortar stores say it with earnings: we’re not penny stocks
The report felt like a turning of the tide in the battle between established bricks-and-mortar stores and the all-conquering Amazon.com. Shares of chains that had been on the brink of “penny stock” status, including JC Penney and Sears Holding, came roaring back.
Mayfair Gardens sold en bloc for S$311 million
THE en bloc train continues to chug along with Oxley Holdings’ subsidiary, Citrine Property, clinching Mayfair Gardens for S$311 million. The sale price, with an additional lease top-up premium estimated at S$52 million to top up the lease to a fresh 99 years, translates to a land price of approximately S$1,244 per square foot per plot ratio (psf ppr), said marketing agent Knight Frank in a press release.
CapitaLand matches its charity work with the kind of work it does best
Business leaders would be remiss to take …