MORE BUSINESS IN BRIEF
AgroGrace pop-up stores
Hardware and Lumber's farm and garden retail arm, AgroGrace, has introduced a pop-up store concept to bring the store to its farming customers.
The first pop-up store was in Port Maria in November, the capital of one of the leading agriculture parishes.
"What this concept is doing for us is that it creates an intense marketing and direct impact with the stakeholder groups, which is somewhat different from using just the pure media such as advertising," said general manager for AgroGrace, Olive Downer-Walsh.
She declined to give details on the expected impact in terms of sales or revenue but said the company will evaluate the impact over time.
"The AgroGrace Pop-Up Store allows us to introduce products and services to benefit both direct retail customers in the farming community as well as the large network of dealer customers in the areas that the pop-up store is positioned," said Downer-Walsh.
China manufacturing gauge at 6-month low
A gauge of China's manufacturing activity fell to a six-month low in November in a new sign an economic slowdown is deepening.
HSBC Corp said on Monday that its monthly purchasing managers' index fell to 50 from the previous month's 50.4. The index uses a 100-point scale on which numbers below 50 show activity contracting. November's reading meant activity was unchanged from the previous month.
China's economic growth slipped to a five-year low of 7.3 per cent in the quarter ending in September. Chinese leaders have cut interest rates in an apparent attempt to prevent growth from declining further.
HSBC economist Hongbin Qu said in a report, "We continue to expect further monetary and fiscal easing measures to offset downside risks to growth."