Metro soars 10% to near 2-year high on news of strategy revamp
Shares of department store retailer Metro advanced by 10 per cent on Tuesday (Sep 16), following news of its retail strategy revamp.
The counter closed on Monday at S$0.50. By 3.24 pm on Tuesday, it had risen 10 per cent or S$0.05 to S$0.55, with some 953,700 shares changing hands.
ShareInvestor data indicates this is the highest price the stock has hit since October 2023.
On Sunday, The Business Times reported on Metro’s plans to revamp its retail strategy to combat industry headwinds.
The group’s retail arm division posted a loss after tax of S$6.9 million for FY2025, versus a S$1.8 million profit in the year-ago period.
In a bid to improve business, Metro is looking to global tie-ups to and immersive concepts.
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
More Culture
Don’t Pull Out of Germany
Merz’s stupidity is no excuse for a stupid response. Source link
Step inside the gorgeous, futuristic offices of Vast, the startup designing the next-gen space station
A tall baobab tree greets people inside the Long Beach, California, headquarters of Vast, an aerospace company that is building the space station of the future. It’s planted beneath a…
5 ways high-performing teams stay calm when everything’s on fire
When markets swing, plans break, inboxes explode, and everyone starts saying the situation is “unprecedented” again, most teams do what humans have always done under pressure: they grip…
Confused Trump Openly Admits Plot to Rig Midterms as Polls Turn Brutal
Last week, the Supreme Court gutted protections against racial gerrymandering, and Donald Trump is already urging Republicans to seize on it. Trump unleashed a Truth Social rant on Monday…