Search results for : retailers

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News Article
May 24, 2023
Halkitis mum as fuel retailers continue action 

Minister of Economic Affairs Michael Halkitis yesterday brushed off questions about some fuel retailers on New Providence refusing to sell diesel, asking "what action" when questioned about the action taken by the operators who are pressing the government to adjust their profit margins to give them the ability to better survive in business.  "Who isn't? How ...
The post Halkitis mum as f...

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News Article
May 23, 2023
No diesel as retailers 'run out of fuel' waiting on margin help

HIGH fuel costs and the government's failure to address margin concerns prompted some petroleum retailers to stop selling diesel yesterday, according to Bahamas Petroleum Retailers Association President Raymond Jones.

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News Article
May 19, 2023
Gas retailers say 'dire summer' as margin concerns 'hopeless'

A BUSINESSMAN claims a dire summer may await Bahamians as "hopeless" gas retailers doubt the government will address their profit margin concerns in its upcoming budget.

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News Article
May 16, 2023
Elevated retail experience for cruise port vendors

The vendors who occupied the old Festival Place building will in just a few days move their merchandise into the Nassau Cruise Port, and their retail experience and product placement will be elevated far above the wooden stalls they now occupy in Rawson Square. Nassau Cruise Port Limited's (NCP) Communications Manager Amanda Freedman told Guardian Business yesterday that the entrepr...

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News Article
April 26, 2023
Fuel retailers optimistic but Halkitis says no change to come

THE Bahamas Petroleum Retailers Association's (BPRA) president expressed optimism yesterday about resolving long-standing issues affecting gas retailers even as Economic Affairs Minister Michael Halkitis reiterated the government would not change fuel or tax margins to accommodate them.

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News Article
January 18, 2018
Apparel retailers want govt action in face of online competition

Bahamian retail businesses, especially the ones in the business of apparel, are concerned that they could go the way of big retailers like Macy's and Sears, which have been impacted by the huge success of online retailer Amazon and online shops in general and have [...]

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News Article
April 06, 2023
Halkitis: We Don't Foresee Disruption From Gas Retailers 

NASSAU, BAHAMAS - Economic Affairs Minister Michael Halkitis says the conversations with gas retailers are in "good faith" to discuss solutions that bring relief to retailers and will not increase prices at the pump.

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News Article
April 03, 2023
Gas Wholesalers Joining Retailers in Seeking Profit Increment

NASSAU, BAHAMAS - Sun Oil Limited Chairman Sir Franklyn Wilson revealed that gas wholesalers have not received an increase on gas margins since the early 2000s, while the last increase on diesel has not occurred since 1972.

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News Article
March 30, 2023
Cruise port vendors handed keys to retail spaces

Vendors with retail spaces at the redeveloped cruise port have been handed their keys and are outfitting their spaces in preparation for the port's grand opening on May 26, Chief Executive Officer of Nassau Cruise Port Limited (NCP) Mike Maura told Guardian Business, adding that the spaces are 100 percent leased.

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News Article
March 27, 2023
Petroleum retailers pledge 'decisive action'

Bahamas Petroleum Retailers Association President Raymond Jones said yesterday retailers are set to take "decisive action" to cut their operating costs within the coming week after the government failed to live up to its word and address concerns regarding inflexible margins within a stated time frame.

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