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Unilever, a multinational consumer goods corporation, has confirmed that it is in discussions with McCormick & Company regarding the potential sale of its food division. The company has made this admission in response to ongoing rumours about the possible…
Two Singapore-based electronics and home appliance retailers, Courts and Prism+, are currently facing legal action. This action is being brought by the country’s consumer protection agency, the Competition and Consumer Commission of Singapore (CCS), due to…
Home appliance megastore Courts will take over the prime retail space at The Heeren which was recently vacated by retail stalwart Robinsons and make the outlet its new flagship store. The flagship store will occupy all six storeys of The Heeren’s retail…
Courts Singapore has opened its first Internet of Things store at Funan mall. The 12,000sqft store houses Google’s first experience zone in Asia and another from Samsung. Consumers can try Google’s entire range of products in Singapore, from smartphones to…
COURTS Asia Limited today announced that Terry O’Connor, Group CEO, will transition into an Executive Advisor role with effect from 1 July 2019 and has resigned from the Board. With the acquisition of COURTS Asia Limited by Nojima Corporation now completed,…
Takeover target Courts Asia had a forgettable third quarter, reporting a net loss of S$171,000 – a stark contrast to the $3.51 million profit for the same period a year earlier. The company blamed lower sales and gross-profit margins together with higher…
Japanese electronics retailer Nojima Corp has launched a conditional takeover bid for Courts Asia. The deal is conditional upon Courts Asia’s majority owner Singapore Retail Group (SRG) agreeing to the deal. Offering 20.5 cents a share for the business, the…
Courts Asia is to close one of its Indonesian megastores. “The group decided to close the Courts Bumi Serpong Damai (BSD) City Megastore in Tangerang as it is historically not profitable and the group does not want to incur the high rental costs over the…
Singaporean electronics and furniture retailer Courts Asia has posted a net loss of SG$3.1 million (US$2.25 million) in its second quarter. The result is a reversal of a net profit of $1.5 million (US$1.09 million) during the same period last year. Courts…
Electrical, IT and furniture retailer Courts Asia has narrowed a quarter-on-quarter loss following transformation work in its Malaysia operations. In its first quarter results, the company said its business in Malaysia had been hit hard by regulatory changes…
Specialising in electronics, IT and furniture, COURTS Singapore has put more than a year into researching and redesigning its in-store experiences and omni-channel customer journey. The results are two recent announcements: the relaunch of its e-commerce…
Electronics, IT and furniture retailer Courts Singapore has relaunched its website and reopened its Tampines megastore after transforming it to offer customers an omni-channel experience. Built by e-commerce agency SmartOSC, the new Courts Online store has…
Courts Singapore has redesigned its flagship megastore in Tampines, offering a new immersive experience for customers. For the upgrade, the retailer of home electronics, IT and furniture products has put a particular focus on the needs of modern apartment…
Despite the challenging retail landscape, Courts Asia more than tripled its profit for the full year ended March 31. Mainboard-listed Courts Asia took in earnings of S$23.7 million, up from S$6.8 million in the previous year. The company delivered a strong…
Singapore-based tech retailer Courts has appointed a new boss for its operation in Indonesia. Joseph Greenway has been named as the new country CEO. Greenway rejoins Courts after two years as COO of Fantastic Furniture in Australia. Prior to that, Greenway…
The range of goods sold by Courts online has doubled as part of a revamp of its e-commerce business. The Singapore-based listed retail company also operates in Malaysia and Indonesia. Specialising in furniture and consumer electronics, Courts originally…
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