Profitable Technological Retailing Trends

After the advent of COVID-19, the’ tech trend’ has become the new buzzword. When myriads of novel businesses make their way into an industry, it becomes difficult for traders to survive this competition and become successful. Therefore, every aspiring entrepreneur should observe his field diligently for new trends and, if possible, come up with his own innovative ones.

Owner of EG America sells U.S. gas stations, mulls Asda merger

March 9, 2023: The Issa brothers, owners of Asda, have sold a portion of their US retail and gas station property empire for $1.5bn in a sale and leaseback deal. The EG Group has agreed to the deal with San Diego-based Realty Income Corporation. The company will continue to operate and trade the 415 stores under the Cumberland Farms, Fastrac, Tom Thumb and Sprint banners. Approximately 80% of the total portfolio is based in the Northeast US, including around 116 properties in Massachusetts, 87 in New York, and in the Southeast 74 in Florida, the top three states in the portfolio.