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Marks & Spencer targets new store concept in bid to drive growth

Marks & Spencer targets new store concept in bid to drive growth

18/10/2019 - 10:18
For a taste of CEO Steve Rowe’s ambitions to transform Marks & Spencer Group (M&S), look no further than its newly refurbished shop in London’s Clapham neighbourhood.  read more
UK supermarkets join the nude-food revolution

UK supermarkets join the nude-food revolution

16/10/2019 - 10:28
British supermarkets are starting to go “nude”. read more
Sainsbury's best performing of the big four but discounters still gaining ground

Sainsbury's best performing of the big four but discounters still gaining ground

16/10/2019 - 09:17
Latest grocery market share figures from Kantar show total supermarket sales grew by 1.3% year-on-year over the 12 weeks to 6 October with Sainsbury’s continuing its recent run of better performance following investment in cutting prices and improving its offer. read more
Unilever to halve use of new plastic as uproar over waste grows

Unilever to halve use of new plastic as uproar over waste grows

10/10/2019 - 10:28
Unilever pledged to halve its use of newly made plastic by 2025 as the consumer-goods industry wrestles with growing criticism of the environmental impact of throwaway packaging. read more
Shoemaker Vans treads wearily as China fumes over Hong Kong

Shoemaker Vans treads wearily as China fumes over Hong Kong

09/10/2019 - 13:20
US sports brand Vans has removed “a small number” of submissions in a sneaker design competition including one apparently giving a shout out to Hong Kong’s pro-democracy protests, as companies weigh the risks of angering China. read more
Pepco Group appoints Tesco veteran to run PEPCO retail brand

Pepco Group appoints Tesco veteran to run PEPCO retail brand

09/10/2019 - 11:22
Pepco Group, a European discount retailer, has appointed former Tesco executive Trevor Masters as managing director of its largest business PEPCO. read more
Ted Baker shares battered after Chief Executive flags dire retail climate

Ted Baker shares battered after Chief Executive flags dire retail climate

03/10/2019 - 15:00
Shares in Ted Baker shed more than a third of their value on Thursday, after the British fashion retailer’s second profit warning in four months on the back of what new boss Lindsay Page called the worst business conditions in decades. read more
First profit increase in two years for H&M

First profit increase in two years for H&M

03/10/2019 - 12:59
H&M posted its first rise in quarterly pretax profit in more than two years on Thursday as the world's second-biggest fashion retailer said its drive to meet rapid changes in the market was on track. read more
Key insights into the global kiwi fruit market

Key insights into the global kiwi fruit market

02/10/2019 - 11:06
The global kiwi fruit market revenue amounted to $7.6B in 2018. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).  read more
Bidcorp to sell UK food logistics business to Tesco

Bidcorp to sell UK food logistics business to Tesco

02/10/2019 - 10:37
Food services firm Bidcorp has agreed to sell its UK logistics business Best Foods to a subsidiary of Tesco, for an undisclosed amount. read more
Tesco's Chief Executive to step down

Tesco's Chief Executive to step down

02/10/2019 - 08:42
Tesco has made the surprise announcement that its Chief Executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, a renowned executive working for Walgreens Boots Alliance. read more
Forever 21 to close almost 180 outlets in the US

Forever 21 to close almost 180 outlets in the US

01/10/2019 - 08:55
Fashion retailer Forever 21 filed for bankruptcy last week, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com. read more
The Co-op takes convenience retailing digital

The Co-op takes convenience retailing digital

26/09/2019 - 10:15
The Co-op has launched a new smartphone app which it claims is the future of convenience retailing as it gives its members digital access to offers and services for the first time. read more
Insights into the global coconut market

Insights into the global coconut market

24/09/2019 - 13:54
In 2018, the global coconut market size increased by 3.5% to $35.6B. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).  read more
Grocery growth in Ireland holds steady with Dunnes and discounters leading the way

Grocery growth in Ireland holds steady with Dunnes and discounters leading the way

24/09/2019 - 13:42
Latest figures from Kantar show that growth in the Irish grocery market remained at 2.7% during the 12 weeks to 8 September, aided by shoppers stocking up on back to school essentials and Christmas gifts. read more
Italian lands largest jackpot in Europe through SuperEnalotto

Italian lands largest jackpot in Europe through SuperEnalotto

24/09/2019 - 10:36
Established in 1997, the SuperEnalotto has been one of Italy's most popular lotteries for decades. This Italian lottery isn't very well-known outside of Bel Paese, but that was bound to change: In the summer of 2019, SuperEnalotto captured headlines around the world.  read more
Flipkart and Amazon pull listings for vaping products

Flipkart and Amazon pull listings for vaping products

22/09/2019 - 13:02
Amazon.com, Walmart-owned Flipkart and other e-commerce portals in India scrambled to remove listings of vaping products a day after the federal government imposed a nationwide ban on electronic cigarettes.  read more
Profits fall at Aldi UK but continuing expansion drive

Profits fall at Aldi UK but continuing expansion drive

18/09/2019 - 10:35
Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus. read more
RDI Reit offloads German shopping centre for €91m

RDI Reit offloads German shopping centre for €91m

18/09/2019 - 10:23
RDI Reit said on Wednesday it is making progress in offloading its German assets after selling its Bahnhof Center in Hamburg for €91m (R1.47bn).  read more
Unilever achieves renewable energy target before 2020 target

Unilever achieves renewable energy target before 2020 target

17/09/2019 - 09:17
Unilever has announced that all its sites across five continents are now powered by 100% renewable grid electricity, meeting its 2020 target ahead of time. read more
Key insights into the global banana market

Key insights into the global banana market

16/09/2019 - 14:45
The global banana market revenue amounted to $58.5B in 2017, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).  read more
Insights into the global avocado market

Insights into the global avocado market

11/09/2019 - 14:03
The global avocado market revenue amounted to $13.5B in 2018, reducing by -9.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).  read more
Canada's Hudson's Bay is fishing for young fashionistas

Canada's Hudson's Bay is fishing for young fashionistas

11/09/2019 - 10:39
When Sears Canada announced it was closing all of its stores in 2017, Hudson’s Bay Co (HBC) saw an opportunity: HBC’s Canadian department store chain would swoop in and snatch Sears’s customers. Managers gradually added mid-price apparel to stores from Nova Scotia to British Columbia and waited for sales to take off.  read more
Alibaba set for new era as flamboyant Jack Ma departs

Alibaba set for new era as flamboyant Jack Ma departs

11/09/2019 - 09:33
Alibaba chair Jack Ma has stepped down from the Chinese group, leaving his handpicked successor a daunting task of steering the $460bn juggernaut at a time when the market for its core e-commerce business has slowed sharply. read more
UK retailers bristle at demand of no-deal Brexit

UK retailers bristle at demand of no-deal Brexit

10/09/2019 - 14:52
A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can't find everything they want on the shelves.  read more
Richemont’s head of fashion departs for role outside company

Richemont’s head of fashion departs for role outside company

10/09/2019 - 10:34
Swiss luxury-goods maker Richemont said the head of its fashion and accessories business resigned after one year on the job to join another company. read more
US retailers in the spotlight as tariffs on Chinese consumer products kick in

US retailers in the spotlight as tariffs on Chinese consumer products kick in

04/09/2019 - 10:54
US retailers will be front and centre on Wall Street after the US imposed new tariffs on $300bn worth of Chinese imports, including clothing, televisions, and jewellery. read more
Zara denies its Hong Kong stores were closed due to protests

Zara denies its Hong Kong stores were closed due to protests

04/09/2019 - 09:37
Fast-fashion company Zara says store closures in Hong Kong were not related to anti-Beijing protests in the city, after speculation on Chinese social media that the retailer’s employees were supporting the demonstrators. read more
Lego's sales bounce back with the help of Marvel superheroes

Lego's sales bounce back with the help of Marvel superheroes

04/09/2019 - 09:11
Models of superheroes and villains from Marvel’s Avengers movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores. read more
Global grape market 2019

Global grape market 2019

04/09/2019 - 08:39
IndexBox has published a new report: 'World - Grapes - Market Analysis, Forecast, Size, Trends, and Insights'. Here is a summary of the report's key findings. read more
Factories lie idle in China as sportswear brands leave

Factories lie idle in China as sportswear brands leave

27/08/2019 - 09:43
A quarter of the Chinese production capacity used by global sportswear brands is lying idle, according to an industry executive, as the trade war pushes the biggest labels out of the Asian nation’s factories. read more
Amazon opens its biggest global campus in India

Amazon opens its biggest global campus in India

26/08/2019 - 08:21
Amazon.com announced that it has launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest-growing overseas markets. read more
Hasbro to buy Entertainment One and Peppa Pig

Hasbro to buy Entertainment One and Peppa Pig

23/08/2019 - 14:30
After years of longing, Hasbro can finally call itself a full-fledged entertainment company. read more
Australian retailer Coles reports jump in online sales

Australian retailer Coles reports jump in online sales

23/08/2019 - 10:31
Australian retailer Coles Group reported a jump in online sales and a special dividend that cheered investors, sending its shares near their biggest one-day gain in two months.  read more
Walmart Q2 revenue grows 1.8% year on year

Walmart Q2 revenue grows 1.8% year on year

20/08/2019 - 14:13
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.  read more
Estee Lauder forecasts robust fiscal 2020

Estee Lauder forecasts robust fiscal 2020

20/08/2019 - 09:47
Estee Lauder forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skincare products soared, propelling its shares to a record high. read more
Alibaba results beat estimates on cloud, e-commerce growth

Alibaba results beat estimates on cloud, e-commerce growth

19/08/2019 - 14:08
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit, aided by growth in its e-commerce and cloud computing businesses. read more
Lidl introduces reusable fruit and veg bags

Lidl introduces reusable fruit and veg bags

15/08/2019 - 11:29
The ‘Green Bags’, priced at 69p for two, provide customers with a reusable alternative to single-use, small fruit, and vegetable bags. read more
Kraft Heinz writes down more than $1bn as first-half revenue slumps

Kraft Heinz writes down more than $1bn as first-half revenue slumps

12/08/2019 - 12:30
Kraft Heinz’s net income halved in the first six months of the year, the packaged food maker said as it wrote down the value of several business units by more than $1bn in results delayed by an internal investigation into procurement practices. read more
Tiffany & Co partners with Reliance Industries to bring jewellery to India

Tiffany & Co partners with Reliance Industries to bring jewellery to India

08/08/2019 - 11:21
Iconic American jeweller Tiffany & Co is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market. read more
Unilever, Tesco, Nestlé ranked top on meat alternatives

Unilever, Tesco, Nestlé ranked top on meat alternatives

08/08/2019 - 10:39
Unilever, Tesco, and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5-trillion in assets. read more
Nestlé and Starbucks tie-up heads to China

Nestlé and Starbucks tie-up heads to China

08/08/2019 - 09:31
Nestlé plans to introduce its first range of Starbucks-branded products in China, as part of a global tie-up that will help bolster the Swiss company’s proprietary Nespresso capsules in one of its fastest-growing markets. read more
Iconic store Barney's files for bankruptcy on rising rents

Iconic store Barney's files for bankruptcy on rising rents

07/08/2019 - 15:45
Barneys New York filed for bankruptcy protection from creditors and laid out plans to shutter most of its stores after getting squeezed by rising rents and fewer visitors to its luxury fashion boutiques. read more
Tesco to cut 4,500 jobs in Metro restructuring

Tesco to cut 4,500 jobs in Metro restructuring

06/08/2019 - 13:55
British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. read more
Hong Kong's June retail sales slide due to mass protests - government data shows

Hong Kong's June retail sales slide due to mass protests - government data shows

05/08/2019 - 09:18
Retail sales, a key part of Hong Kong’s economy, felt a growing impact in June from mass protests, government data shows.  read more
Amazon in talks to buy stake in India's Reliance Retail

Amazon in talks to buy stake in India's Reliance Retail

05/08/2019 - 09:02
Amazon.com is in talks with Reliance Industries’ retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks said.  read more
Nestlé invests $100m to expand factories in Indonesia

Nestlé invests $100m to expand factories in Indonesia

02/08/2019 - 09:11
Nestlé has announced that it will invest $100 million to expand three factories in Indonesia, as the company aims to increase its current production capacity in the country by 25%. read more
Ralph Lauren earnings beat estimates

Ralph Lauren earnings beat estimates

31/07/2019 - 10:17
Ralph Lauren reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts. read more
Swine fever epidemic may slash China's pig herd by half

Swine fever epidemic may slash China's pig herd by half

30/07/2019 - 10:52
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast. read more
Amazon's push for one-day delivery dents profit as costs soar

Amazon's push for one-day delivery dents profit as costs soar

26/07/2019 - 10:16
Amazon.com reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending to deliver goods faster and spark sales growth. read more
Hasbro to start making toys in Vietnam and India as US-China trade war goes on

Hasbro to start making toys in Vietnam and India as US-China trade war goes on

25/07/2019 - 10:35
Hasbro CFO Deborah Thomas says some retailers briefly paused direct import orders from manufacturing locations in the second quarter as they watched the trade situation. read more
Sainsbury's removes plastic bags for fruit and veg

Sainsbury's removes plastic bags for fruit and veg

24/07/2019 - 11:05
Sainsbury’s is continuing its drive to reduce plastic waste by trialling the removal of plastic bags for loose fruit and veg and encouraging customers to bring their own containers or purchase a reusable bag. read more
Waitrose to close more stores

Waitrose to close more stores

24/07/2019 - 10:41
Waitrose has confirmed that it is closing several more of its supermarkets as part of its recent strategy to offload underperforming sites. read more
US retail sales rise as households spend more

US retail sales rise as households spend more

18/07/2019 - 14:16
US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the hit on the economy from weak business investment. read more
Amazon offers $10 to Prime Day shoppers for access to their data

Amazon offers $10 to Prime Day shoppers for access to their data

18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit. read more
Cancer drugs help Johnson & Johnson raise sales outlook

Cancer drugs help Johnson & Johnson raise sales outlook

17/07/2019 - 08:41
Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. read more
Burberry's new logo-strewn design is a surprise hit

Burberry's new logo-strewn design is a surprise hit

16/07/2019 - 14:49
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. read more
Nintendo shares jump on imminent launch of Switch Lite

Nintendo shares jump on imminent launch of Switch Lite

16/07/2019 - 11:38
Shares in Japan’s Nintendo Co rose more than 4 percent last week after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. read more
Woolies, Anglo, Sappi stock in demand

Woolies, Anglo, Sappi stock in demand

15/07/2019 - 16:26
Woolworths Holdings' (Woolies') share price gained a solid 12.8 percent last week after it announced a turnaround at its fashion, beauty and home business this year. The group, one of many local retailers to struggle in Australia and which also trades in 11 countries in sub-Saharan Africa, still relies on its home market for 71 percent of operating profit.  read more
Walmart must hire someone who can stop the bleeding at its online business

Walmart must hire someone who can stop the bleeding at its online business

15/07/2019 - 09:55
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. read more
Brait's struggling UK retailer New Look turning a corner

Brait's struggling UK retailer New Look turning a corner

11/07/2019 - 11:30
Investment holding company Brait says its UK high-street retailer New Look, which was largely responsible for the dismal performance it reported in June, is now better positioned to turn the corner. read more
Aldi launches new Vegan brand

Aldi launches new Vegan brand

10/07/2019 - 08:30
The first product in the range is a high-protein quarter pounder burger which costs £1.99 for a pack of two. It is made with soya and pea protein and flavoured with smoked salt to give a chargrilled flavour. read more
PepsiCo's decision to sell smaller cans pays off

PepsiCo's decision to sell smaller cans pays off

10/07/2019 - 08:19
Beverage sales rise as new packaging strategy helps company attract more consumers. read more
JD Sports counters retail gloom with global expansion

JD Sports counters retail gloom with global expansion

04/07/2019 - 09:40
JD Sports, Britain’s biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit will meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters. read more
Sainsbury's reports another decline in quarterly sales

Sainsbury's reports another decline in quarterly sales

04/07/2019 - 08:27
British supermarket group Sainsbury’s reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets. read more
Boots confirms plan to shut 200 stores

Boots confirms plan to shut 200 stores

02/07/2019 - 12:54
Boots has confirmed that it plans to close 200 stores over the next 18 months, equal to just under 10% of the health & beauty chain’s standalone outlets.  read more
Walmart aims to list minority stake in Japan unit Seiyu

Walmart aims to list minority stake in Japan unit Seiyu

01/07/2019 - 14:29
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow. read more
Amazon launches new in-store pickup option with Rite Aid as first partner

Amazon launches new in-store pickup option with Rite Aid as first partner

28/06/2019 - 10:14
Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone.  read more
German retailer Metro says €5.8bn takeover bid is too low

German retailer Metro says €5.8bn takeover bid is too low

27/06/2019 - 09:22
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders to hold off on taking action until management comments further.  read more
New Look losses mount as Brexit, rain keeps shoppers away

New Look losses mount as Brexit, rain keeps shoppers away

26/06/2019 - 09:03
British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept many shoppers out of its stores.  read more
Sainsbury's opens UK's first meat-free butchers

Sainsbury's opens UK's first meat-free butchers

24/06/2019 - 15:35
Launched during World Meat Free Week, the pop shop is a traditional style butchers offering customers a range of cuts, joints and sausages derived from plant-based alternatives such as mushroom, jackfruit, and pea protein. read more
France's Carrefour takes steps to exit China with Suning.com deal

France's Carrefour takes steps to exit China with Suning.com deal

24/06/2019 - 15:02
Carrefour, Europe’s largest retailer, took a decisive step on Sunday towards a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com. read more
Amazon's phenomenal brand value growth

Amazon's phenomenal brand value growth

24/06/2019 - 08:34
With little sign of a growth slowdown, Amazon has become the world’s most valuable brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands ranking.  read more
Tesco says no timetable for 'finest' store launch

Tesco says no timetable for 'finest' store launch

20/06/2019 - 09:10
Tesco, Britains biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where the pilot will be launched. read more
Carrefour franchisee to open first Ugandan store

Carrefour franchisee to open first Ugandan store

19/06/2019 - 09:13
Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer’s outlets said. read more
H&M’s sales growth fails to ease investors concerns about margin pressure

H&M’s sales growth fails to ease investors concerns about margin pressure

18/06/2019 - 15:41
Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure. read more
Fashion house Chanel parades its independence as profits rise

Fashion house Chanel parades its independence as profits rise

18/06/2019 - 12:49
Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits and once again reaffirmed its independence, stating it was not for sale. read more
A Woolworths window display wins big in London

A Woolworths window display wins big in London

18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.  read more
Zara owner Inditex shakes off chill with strong second quarter start

Zara owner Inditex shakes off chill with strong second quarter start

14/06/2019 - 11:22
Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. read more
Zimbabwe's farmers smell the tea and coffee

Zimbabwe's farmers smell the tea and coffee

14/06/2019 - 09:50
Farmers in Zimbabwe’s Eastern Highlands are smelling the tea and coffee.  read more
British online fashion retailer Boohoo bucks subdued industry trend

British online fashion retailer Boohoo bucks subdued industry trend

13/06/2019 - 09:12
British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers. read more
FedEx to end Amazon contract for air delivery service

FedEx to end Amazon contract for air delivery service

10/06/2019 - 15:04
FedEx says it has decided to not renew its contract with Amazon.com for US cargo delivery through FedEx Express, the unit that delivers packages on planes.  read more
Walmart worries that US tariffs will raise Mexican fresh produce prices

Walmart worries that US tariffs will raise Mexican fresh produce prices

10/06/2019 - 14:40
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.  read more
Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

07/06/2019 - 14:21
Sainsbury’s has announced its latest moves to reduce the amount of plastic it uses. This includes the retailer removing the plastic bags in its stores used for loose fruit, vegetables, and bakery items. read more
Luxury group lifts shares on Vuitton's 'unheard of' China growth

Luxury group lifts shares on Vuitton's 'unheard of' China growth

06/06/2019 - 08:59
LVMH shares gained after the head of the Louis Vuitton brand gave a rosy view of its China business, easing concerns about the effects of a trade war with the US.  read more
Alibaba plans $20bn Hong Kong listing

Alibaba plans $20bn Hong Kong listing

05/06/2019 - 10:02
Alibaba is considering raising as much as $20bn through a listing in Hong Kong, people familiar with the matter say, lining up a second blockbuster deal following its 2014 record $25bn float in New York. read more
Waitrose trials refill and bring-your-own containers scheme to reduce waste

Waitrose trials refill and bring-your-own containers scheme to reduce waste

05/06/2019 - 09:17
Waitrose has launched a new scheme where customers will be able to fill up or refill their own containers with a range of products as part of its ambitions to reduce waste. read more
Blackstone in $19bn deal to buy US warehouse assets from Singapore’s GLP

Blackstone in $19bn deal to buy US warehouse assets from Singapore’s GLP

04/06/2019 - 10:57
Blackstone Group is buying US industrial warehouse properties from Singapore-based logistics provider GLP for $18.7bn, in what the companies billed as the largest private real estate transaction globally.  read more
Abercrombie dives most since 2000 as sales growth starts to wane

Abercrombie dives most since 2000 as sales growth starts to wane

03/06/2019 - 09:00
For apparel retailers, the plot has to unfold just right for investors to buy into the narrative. And by the market’s reaction, they clearly did not stick to the script. read more
US 'retail apocalypse' only just beginning

US 'retail apocalypse' only just beginning

27/05/2019 - 11:31
The “retail apocalypse” in the US has claimed more victims in the first quarter of the year than last year combined.  read more
Walmart sends veteran to fix struggling South Africa business

Walmart sends veteran to fix struggling South Africa business

27/05/2019 - 11:12
Massmart Holdings fell the most in three months as the troubled SA retail chain warned on profit and majority shareholder Walmart sent one its own to help stem declines.  read more
French grocery chain Casino on the ropes after long battle with hedge fund

French grocery chain Casino on the ropes after long battle with hedge fund

27/05/2019 - 10:24
The parent company of French grocery chain Casino insisted on Friday that there would be no consequences for some of the country’s best-known supermarket brands after it filed for bankruptcy protection following a long battle with hedge funds.  read more
The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans

The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans

27/05/2019 - 09:31
The Guardian reports that the move is hoped to vastly reduce the litter and other environmental impacts of the nearly five billion plastic straws currently used each year in the UK, along with more than 300 million plastic stirrers and close to two billion cotton buds with plastic stems.  read more
Bangladesh factory oversight deal risks worker safety, say unions

Bangladesh factory oversight deal risks worker safety, say unions

21/05/2019 - 16:35
The end of an international arrangement aimed at ensuring the wellbeing of Bangladeshi garment workers is likely to undermine safety by making factory owners responsible for maintaining standards, trade union leaders said.  read more
Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs

21/05/2019 - 12:23
Nike, Adidas, and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole”. read more
US jealousy sparked trade wars, says Chinese ambassador

US jealousy sparked trade wars, says Chinese ambassador

21/05/2019 - 10:48
The US is jealous of China’s rapid economic growth and achievements in the past few years and was using the trade wars to frustrate and stall it, Lin Songtian, the Chinese ambassador to SA said. read more
Walmart reveals plans for a new corporate campus

Walmart reveals plans for a new corporate campus

20/05/2019 - 17:04
Corporate America has been under political pressure to ramp up investments at home. read more
IQOS becomes first electrically heated tobacco product to qualify for sale in U.S

IQOS becomes first electrically heated tobacco product to qualify for sale in U.S

17/05/2019 - 16:29
The U.S. Food and Drug Administration (FDA) confirmed that IQOS, Philip Morris International’s electrically heated tobacco system, is appropriate for the protection of public health and has authorized it for sale in the United States. FDA’s decision follows its comprehensive assessment of PMI’s premarket tobacco product applications (PMTAs) filed with the Agency in 2017. read more
Alibaba beats analyst estimates as recommendations boost sales

Alibaba beats analyst estimates as recommendations boost sales

17/05/2019 - 09:38
The Alibaba Group posted quarterly revenue and earnings that topped analyst estimates as personalised recommendations drive consumer spending across its shopping sites. read more
Taking stock of fashion's $210bn inventory problem

Taking stock of fashion's $210bn inventory problem

16/05/2019 - 11:08
Fashion retailers are faced with a dilemma: to keep up with the demands of 'fast fashion' they need rapid stock turnover. But what do they do with the surplus? read more