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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
Amazon partners with UK's Next for click and collect service

Amazon partners with UK's Next for click and collect service

15/05/2019 - 09:07
Amazon has teamed up with British clothing chain Next to offer a network of stores where the US online retail giant’s UK customers can collect their parcels. read more
Tesco, Sainsbury’s and Waitrose pledge to halve food waste by 2030

Tesco, Sainsbury’s and Waitrose pledge to halve food waste by 2030

14/05/2019 - 08:42
Tesco, Sainsbury’s, and Waitrose are among the supermarkets that have pledged to halve food waste by 2030.  read more
Key findings and insights into the global cinnamon market

Key findings and insights into the global cinnamon market

13/05/2019 - 14:51
The global cinnamon market revenue amounted to $703M in 2017 (IndexBox estimates), growing by 13% against the previous year.  read more
Rihanna and LVMH to launch fashion house under Fenty brand

Rihanna and LVMH to launch fashion house under Fenty brand

13/05/2019 - 09:06
Pop star Rihanna is joining LVMH to launch a fashion house under her Fenty brand, pairing the world’s largest luxury conglomerate with one of the biggest cultural influencers. read more
Hugo Boss pins growth hopes on store revamps

Hugo Boss pins growth hopes on store revamps

06/05/2019 - 14:58
Hugo Boss says the renovation of several major stores should revive sales growth after the German fashion house reported a drop in first-quarter earnings due to reorganisation costs, higher marketing spending and a strong US dollar.  read more
Key insights into the global pyrethrum and peppermint market

Key insights into the global pyrethrum and peppermint market

06/05/2019 - 14:30
The global pyrethrum and peppermint market revenue amounted to $3.6B in 2017 (IndexBox estimates), growing by 4.9% against the previous year.  read more
Bali supermarket ditches plastic packaging for banana leaves

Bali supermarket ditches plastic packaging for banana leaves

06/05/2019 - 11:00
At a glimpse, Bintang Supermarket in Ubud looks just like other supermarkets across Bali. A banner announcing that it no longer provides plastic bags welcomes visitors upon entering the place – something that is now common practice on the island following a ban on single-use plastic bags issued by the administration earlier this year. read more
Woolworths Australia's new app to save lost sales

Woolworths Australia's new app to save lost sales

02/05/2019 - 15:25
WG Compass is used by suppliers to prompt in-store merchandisers to check stock levels, allowing them to quickly fix potential out-of-stocks or merchandising issues.  read more
CMA blocks Sainsbury’s-Asda merger

CMA blocks Sainsbury’s-Asda merger

25/04/2019 - 10:41
The Competition and Markets Authority (CMA) has confirmed that it is blocking the proposed merger of Sainsbury’s and Asda. The two chains, along with Walmart, have since stated that they are abandoning the deal. read more
H&M lists garment suppliers on app to tackle worker abuses

H&M lists garment suppliers on app to tackle worker abuses

25/04/2019 - 10:26
Fashion brand H&M has become the first major retailer to list individual supplier details for each garment on its website to increase transparency in an industry with high risks of slavery and labour abuses.  read more
Unilever acquires OLLY Nutrition

Unilever acquires OLLY Nutrition

24/04/2019 - 13:13
Unilever has continued its recent acquisition spree by agreeing to buy OLLY Nutrition, a US-based wellbeing business in the vitamins, minerals, and supplements (VMS) category. read more
Amazon strengthens ties with French food retailer Casino

Amazon strengthens ties with French food retailer Casino

24/04/2019 - 11:50
E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and more of the French company’s products to be available on Amazon.  read more
Kraft Heinz hires global brand expert Miguel Patricio as CEO

Kraft Heinz hires global brand expert Miguel Patricio as CEO

24/04/2019 - 11:18
Kraft Heinz named Miguel Patricio as its next chief executive in the hopes that the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest packaged food companies.  read more
Asian revenue surpasses European for first time at L’Oreal

Asian revenue surpasses European for first time at L’Oreal

18/04/2019 - 09:07
L’Oreal got more revenue from Asia than from Western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. read more
Mulberry teams up with Farfetch to bolster global omnichannel

Mulberry teams up with Farfetch to bolster global omnichannel

16/04/2019 - 15:31
Mulberry has launched a partnership with online luxury fashion retailer Farfetch to strengthen its international omnichannel strategy. read more
Lenders seize UK retailer Debenhams, wiping out Ashley

Lenders seize UK retailer Debenhams, wiping out Ashley

12/04/2019 - 09:33
Debenhams’ lenders took control of the ailing retailer after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on Britain’s high street. read more
LVMH keeps rivals on their toes with strong first quarter

LVMH keeps rivals on their toes with strong first quarter

11/04/2019 - 08:46
Louis Vuitton owner LVMH set a high bar for rival luxury goods companies trying to capitalise on Chinese demand for high-end handbags and clothing, with stronger-than-expected sales growth in the first quarter. read more
Ted Baker enters Chinese joint venture to expand brand

Ted Baker enters Chinese joint venture to expand brand

10/04/2019 - 12:54
Ted Baker has agreed to a new joint venture with Shanghai LongShang Trading Company to expand its brand in the East Asia region.  read more
UK’s Debenhams falls into administration

UK’s Debenhams falls into administration

09/04/2019 - 14:47
Debenhams’ lenders took control of the ailing British retailer after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the high street. read more
Nestlé goes vegan with meat-free burger range

Nestlé goes vegan with meat-free burger range

05/04/2019 - 10:07
Nestlé is looking to take a bite of the fast-growing vegan foods market with a range of plant-based burgers, saying its recipes could compete for taste with traditional beef patties. read more
Superdry slumps as founder's return sparks board revolt

Superdry slumps as founder's return sparks board revolt

04/04/2019 - 13:34
Shares in Superdry fell more than 11% after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives. read more
Sainsbury has lost its number-two slot to takeover target Asda

Sainsbury has lost its number-two slot to takeover target Asda

02/04/2019 - 15:29
Sainsbury has lost its status as Britain’s number two supermarket group by market share to takeover target Asda for the first time in four years, industry data showed. read more
British supermarkets to install ‘pick your own’ vegetable aisles

British supermarkets to install ‘pick your own’ vegetable aisles

02/04/2019 - 10:16
The end of the bagged salad could be nigh, as British supermarkets look to install ‘pick your own’ vegetable aisles by the end of this year. read more
Major food and drink firms aim to improve plastic recycling in Africa

Major food and drink firms aim to improve plastic recycling in Africa

02/04/2019 - 10:02
Diageo, Unilever, The Coca Cola Company and Nestlé have joined forces to improve the collection and recycling of plastics in Africa. read more
Lower retail sales reflect slowing US economy

Lower retail sales reflect slowing US economy

02/04/2019 - 08:43
US retail sales unexpectedly fell in February, the latest sign that economic growth has shifted into low gear as stimulus from $1.5-trillion in tax cuts and increased government spending fades. read more
UK online supermarket pioneer Ocado partners with Australia's Coles

UK online supermarket pioneer Ocado partners with Australia's Coles

27/03/2019 - 08:51
British online supermarket pioneer Ocado has signed a partnership agreement with Australia’s Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. read more
Nestlé opens new research and development centre in Beijing

Nestlé opens new research and development centre in Beijing

26/03/2019 - 10:08
Nestlé aims to accelerate trend-based innovation in China as it inaugurates a new research and development centre (R&D) in Beijing and a system technology hub in Shenzhen. read more
Watches of Switzerland sets its sights on more US acquisitions

Watches of Switzerland sets its sights on more US acquisitions

25/03/2019 - 09:38
Watches of Switzerland expects to make further acquisitions in the US, which it first entered in 2017 with the purchase of jeweller Mayors, its CEO said.  read more
Instagram adds shopping feature for US users

Instagram adds shopping feature for US users

22/03/2019 - 09:34
Facebook’s Instagram is trialling a feature that lets US users shop from the photo-sharing app by using a “checkout” option on items tagged for sale, the company said. read more
Mondelēz buys stake in functional food brand Uplift Food

Mondelēz buys stake in functional food brand Uplift Food

20/03/2019 - 09:46
Mondelēz International has bought a minority stake in Uplift Food, an early-stage start-up that produces prebiotic functional food supplements. read more
Asos sales up 13% as UK market outperforms

Asos sales up 13% as UK market outperforms

20/03/2019 - 09:25
Asos has reported a rise in its quarterly sales, as growth at home in the UK continues to outperform its foreign markets. read more
Sainsbury’s and Asda seek to salvage deal with £1bn pledge

Sainsbury’s and Asda seek to salvage deal with £1bn pledge

20/03/2019 - 08:58
British supermarket groups Sainsbury’s and Asda have committed to deliver £1bn of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator. read more
Morrisons books 3rd straight year of profit & sales growth

Morrisons books 3rd straight year of profit & sales growth

13/03/2019 - 13:36
Morrisons has recorded another year of growth in sales and profit as chief executive David Potts boasted that the Big 4 grocer’s turnaround scheme was “well on track”.  read more
Alibaba invests $693m for stake in Chinese courier STO Express

Alibaba invests $693m for stake in Chinese courier STO Express

12/03/2019 - 11:30
Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant’s fourth significant investment in a Chinese courier company. read more
Carrefour enables milk product traceability through blockchain

Carrefour enables milk product traceability through blockchain

11/03/2019 - 13:37
French retail giant Carrefour is using blockchain technology to let consumers trace information about the source of its milk products. read more
Supermarkets are growing fresh produce in ‘pick your own’ aisles

Supermarkets are growing fresh produce in ‘pick your own’ aisles

07/03/2019 - 14:13
SUPERMARKETS are to start growing fresh produce in ‘pick your own’ aisles. read more
Lindt expects 5-7 percent growth this year

Lindt expects 5-7 percent growth this year

06/03/2019 - 11:02
Swiss chocolate maker Lindt & Spruengli said it expected organic sales to grow 5-7 percent this year, in line with mid-term targets, as it works to improve the performance in its North American unit. read more
The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out

The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out

05/03/2019 - 14:19
More than 4,300 department stores are set to close this year as the retail apocalypse rips through Payless ShoeSource, Gymboree, JCPenney, Gap, Victoria's Secret, and Sears. But one Wall Street analyst says mall giants should easily weather these closures.  read more
Founder of Ted Baker fashion house quits over harassment claims

Founder of Ted Baker fashion house quits over harassment claims

05/03/2019 - 14:04
Ray Kelvin, the founder of British fashion brand Ted Baker, resigned as its CEO following allegations of harassment. read more
British American Tobacco full-year sales and profit rise

British American Tobacco full-year sales and profit rise

01/03/2019 - 09:47
British American Tobacco (BAT), the second-biggest international tobacco company, reported higher full-year adjusted sales and profit, helped by cigarette market share gains and growth in vaping devices.  read more
Harrods announces ecommerce partnership with Farfetch

Harrods announces ecommerce partnership with Farfetch

27/02/2019 - 09:13
Harrods has announced a partnership with Farfetch Black & White Solutions to offer a new and improved global ecommerce platform. read more
No Hammerson payout as it tries to leave UK

No Hammerson payout as it tries to leave UK

26/02/2019 - 09:34
UK and Europe shopping centre owner Hammerson’s dividend will not grow over the next two years while the company, the fourth-largest property group on the JSE, sells more than R9bn worth of its weaker UK and Irish assets.  read more
British retailers plan least investment in seven years ahead of Brexit

British retailers plan least investment in seven years ahead of Brexit

25/02/2019 - 15:02
British retailers plan the least investment in seven years ahead of the country’s departure from the EU, and job cuts in the business sector have gathered pace, a major survey showed. read more
UK government seeks views on proposed plastic packaging tax

UK government seeks views on proposed plastic packaging tax

21/02/2019 - 09:21
The UK government has launched consultations on the introduction of new plastic packaging taxes and tougher rules for packaging producers, in a move towards a more circular economy. read more
Global tomato juice market - Key findings and insights

Global tomato juice market - Key findings and insights

18/02/2019 - 13:45
In 2017, the global tomato juice market amounted to 5.7M tonnes, remaining relatively stable as in the previous year. After a moderate decline in the volume of consumption from 2007 to 2009, consumption then regained an upward trend, increasing strongly through to 2013 and then levelling off over the next four years. Overall, the market volume increased at an average annual rate of +1.3% over the period from 2007 to 2017. read more
No-deal Brexit could cost grocery sector billions in first three-months

No-deal Brexit could cost grocery sector billions in first three-months

18/02/2019 - 13:03
The UK grocery industry could lose up to £4.5bn of revenue in the three months after Brexit if retailers and manufacturers are not prepared by 29 March, according to analysis by operational improvement specialist Newton which is offering five steps that might help lessen the impact. read more
Amazon drops plans to build New York City headquarters

Amazon drops plans to build New York City headquarters

16/02/2019 - 21:43
US e-commerce giant Amazon said it would not build a new headquarters in New York City due to opposition from "some state and local politicians," though most New Yorkers support its plan.  read more
US retail sales post largest decrease since 2009

US retail sales post largest decrease since 2009

16/02/2019 - 20:38
US retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. read more
Co-op to roll-out franchise model

Co-op to roll-out franchise model

13/02/2019 - 14:40
The Co-op has confirmed that it is looking to develop a network of franchise stores following successful trials of the model. read more
Toys R Us makes a comeback as Tru Kids Brands

Toys R Us makes a comeback as Tru Kids Brands

12/02/2019 - 19:17
Toys R Us is making a comeback as a brand new company known as Tru Kids Brands, one year after the toy retailer went bust.  read more
Click & collect market in the UK to grow nearly 50% over the next five years

Click & collect market in the UK to grow nearly 50% over the next five years

11/02/2019 - 09:50
The UK click & collect market is set to grow 45.8% over the next five years to reach £9.8bn by 2023, but growth will slow as the fulfillment method matures and services offered by retailers are optimised, according to data and analytics company GlobalData. read more
Hermes optimistic about Chinese sales

Hermes optimistic about Chinese sales

09/02/2019 - 21:32
French luxury handbag label Hermes said that sales momentum in its Chinese stores stayed strong in the fourth quarter, adding to reassuring signals from rivals over enduring demand in one of the industry's biggest markets. read more
Amazon grocery service slowly returns in India after e-commerce disruption

Amazon grocery service slowly returns in India after e-commerce disruption

08/02/2019 - 09:54
Amazon.com Inc’s grocery service is slowly returning on its India website after the online retail giant faced disruption from revised e-commerce curbs which kicked in on Feb. 1. read more
Amazon Pantry slowly returns in India after e-commerce disruption

Amazon Pantry slowly returns in India after e-commerce disruption

06/02/2019 - 11:15
Amazon.com’s grocery service is slowly returning on its India website after the online retail company faced disruption from revised e-commerce curbs which kicked in on February 1. read more
 Global smartphone sales see worst drop ever in 2018, survey shows

Global smartphone sales see worst drop ever in 2018, survey shows

04/02/2019 - 10:58
Global smartphone sales saw their worst contraction in 2018, and the outlook for 2019 is not much better, new surveys show.  read more
Toymaker Lego aims at rapid expansion in China

Toymaker Lego aims at rapid expansion in China

04/02/2019 - 10:48
Danish toymaker Lego plans to more than double the number of shops in China in 2019 to 140 in its most rapid expansion in any market as demand for its colourful plastic bricks remains unaffected by a broader slowdown in the economy.  read more
 LVMH shares react well to positive comments in results

LVMH shares react well to positive comments in results

31/01/2019 - 11:07
LVMH shares surged high after LVMH struck a “cautiously” confident tone for the year and said sales had picked up in China in the fourth quarter.  read more
Unilever boosts home care business with another acquisition

Unilever boosts home care business with another acquisition

30/01/2019 - 11:18
Unilever has continued its recent acquisition spree with a deal to buy The Laundress, a New York-based business that sells a line of eco-friendly detergent, fabric care, and home cleaning products. read more
Global sesame oil market - Key findings and insights

Global sesame oil market - Key findings and insights

29/01/2019 - 14:36
The global sesame oil market revenue amounted to $6.9B in 2017 (IndexBox estimate), flattening at 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
UK retailer Tesco restructuring threatens 9,000 jobs

UK retailer Tesco restructuring threatens 9,000 jobs

29/01/2019 - 11:29
Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco. read more
Alibaba creates new smartphone technology that allows the blind and visually-impaired to shop online

Alibaba creates new smartphone technology that allows the blind and visually-impaired to shop online

28/01/2019 - 09:56
Alibaba has created new smartphone technology that allows the blind and visually-impaired to shop online. read more
Iceland maintains crown in supermarket customer satisfaction

Iceland maintains crown in supermarket customer satisfaction

28/01/2019 - 08:34
Iceland has maintained its position as the highest-rated supermarket for customer satisfaction for the second time running.  read more
Amazon named consumers' favourite brand

Amazon named consumers' favourite brand

23/01/2019 - 09:30
Amazon has been named by consumers as their favourite brand, with other retailers such as Marks & Spencer, John Lewis, Sainsbury’s and Tesco following close behind. read more
Fossil sells smartwatch technology to Google in $40m deal

Fossil sells smartwatch technology to Google in $40m deal

21/01/2019 - 09:47
Fossil has sold its “smartwatch technology currently under development” to Google in a deal worth $40 million (£31 million). read more
M&S confirms more store closures

M&S confirms more store closures

17/01/2019 - 08:41
Marks & Spencer confirmed the location of the next batch of stores it plans to close as part of its restructuring plans. read more
Carrefour to use AI for supply chain optimisation

Carrefour to use AI for supply chain optimisation

15/01/2019 - 15:19
Carrefour has announced plans to use artificial intelligence to optimise its inventory management, making it the first French retailer to do so. read more
Why Macy’s guidance triggered US retail wipeout

Why Macy’s guidance triggered US retail wipeout

15/01/2019 - 14:18
Macy’s did not have as merry a Christmas as it expected, and now all of retail is under the microscope. read more
Global pineapple juice market - Key findings and insights

Global pineapple juice market - Key findings and insights

15/01/2019 - 09:04
The global pineapple juice market revenue amounted to $829M in 2017, coming down by -4.1% against the previous year. A dip in raw material prices for the pineapple concentrate and uncertainty within producers in Thailand resulted in a price drop and a subsequent fall in the market value.  read more
Online sales boost luxury goods group Richemont’s earnings

Online sales boost luxury goods group Richemont’s earnings

14/01/2019 - 09:04
Johann Rupert’s Richemont, the luxury goods group that was initially cautious about e-commerce, has seen online businesses YOOX Net-a-Porter (YNAP) and Watchfinder giving its earnings a handy boost.  read more
Record Christmas for Aldi as it steals customers from rivals

Record Christmas for Aldi as it steals customers from rivals

07/01/2019 - 14:43
New stores and demand for its premium ranges helped Aldi generate UK sales of almost £1bn in December, its best ever result for the Christmas trading period.  read more
58% of UK shoppers face Christmas delivery problems

58% of UK shoppers face Christmas delivery problems

19/12/2018 - 11:39
More than 50 per cent of people who shopped online over last year’s Christmas period have experienced some sort of problem with their delivery, according to new research. read more
China’s online shopping to disrupt the world soon enough

China’s online shopping to disrupt the world soon enough

19/12/2018 - 07:51
While SA’s retail sector is yet to fully embrace e-commerce, its Brics partner, China has become a behemoth in online shopping, which accounts for a massive chunk of luxury retail around the world.  read more
Iceland opens world’s first supermarket ice rink

Iceland opens world’s first supermarket ice rink

14/12/2018 - 14:05
Iceland has introduced a new concept for Christmas – shopping on ice! read more
Superdry blames warm weather as shares plunge on warning

Superdry blames warm weather as shares plunge on warning

14/12/2018 - 10:02
Superdry shares plunged more than a third after the British fashion chain warned on profits for the second time in less than three months, blaming unusually warm weather for hitting sales of winter jackets and jerseys. read more
Superdry half-year profits drop by 49%

Superdry half-year profits drop by 49%

13/12/2018 - 10:13
Superdry has revealed a massive drop in underlying profit in its interim results despite an uptick in overall revenue, as the fashion retailer conceded it had a “difficult first half”. read more
Asda remains fastest-growing supermarket of UK's 'Big Four'

Asda remains fastest-growing supermarket of UK's 'Big Four'

12/12/2018 - 10:16
Asda remains the best performer of the UK’s ‘Big Four’ supermarkets, registering a 1.5% sales rise in the 12 weeks to 2 December, according to the latest market share figures from Kantar Worldpanel. read more
Amazon Go to open first UK store

Amazon Go to open first UK store

11/12/2018 - 20:48
Amazon has reportedly set its sights on a location near Oxford Circus in central London for its first cashierless grocery store in the UK. read more
Britain's Ted Baker says CEO Kelvin to go on leave during probe into hugging

Britain's Ted Baker says CEO Kelvin to go on leave during probe into hugging

11/12/2018 - 10:08
Ted Baker’s CEO and founder Ray Kelvin is to take a voluntary leave of absence while allegations about his conduct are investigated, the British fashion retailer said. read more