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Walmart offers discount for store pickup

Walmart offers discount for store pickup

26/04/2017 - 10:21
In a move designed to save on shipping costs while offering flexibility to customers, Walmart will begin offering discounts when shoppers opt to pick up an online order in store. read more
Retail sales drops to lowest rate in 7 years

Retail sales drops to lowest rate in 7 years

25/04/2017 - 14:14
Retail sales have taken the biggest fall in seven years during the first quarter of the year, as rising living costs had an adverse effect on disposable income spending. read more
The rise and rise of pop-up shops and what it means for retail

The rise and rise of pop-up shops and what it means for retail

24/04/2017 - 11:37
Pop-up retail has taken the UK by storm over the last few years, with temporary shops now proving a staple in many of the country’s busiest retail spaces.  read more
Wal-Mart launches ambitious project to cut emissions from supply chain

Wal-Mart launches ambitious project to cut emissions from supply chain

24/04/2017 - 09:31
Wal-Mart Stores Inc. recently announced a strategy, dubbed Project Gigaton​ to reduce greenhouse gas emissions resulting from their operations and supply chains. read more
Nestlé and Unilever in tasty sales

Nestlé and Unilever in tasty sales

21/04/2017 - 10:11
Improved pricing power experienced at both companies provides an early sign of recovery for the food-and-beverage market. read more
Burberry sales miss estimates as demand shrinks

Burberry sales miss estimates as demand shrinks

19/04/2017 - 16:22
Paris - UK luxury retailer Burberry’s quarterly sales missed analyst estimates as an accelerating decline in the Americas region countered gains in mainland China. read more
Weetabix sale puts it back in cereal pack

Weetabix sale puts it back in cereal pack

19/04/2017 - 09:53
London/Shanghai/New York — US company Post Holdings is buying Weetabix from China’s Bright Food Group for £1.4bn, putting the British breakfast favourite back into the hands of a cereal company. read more
Walmart in talks to purchase another online fashion retailer

Walmart in talks to purchase another online fashion retailer

18/04/2017 - 10:41
Walmart reportedly is about to make its fourth e-commerce acquisition in seven months as the chain continues to beef up its online arsenal and fashion offerings against Amazon.  read more
Hugo Boss profits drop 9% despite sales growth

Hugo Boss profits drop 9% despite sales growth

13/04/2017 - 13:18
Hugo Boss has revealed hike in sales but a drop in profits in its annual financial results. read more
Future of luxury goods in online marketplaces hangs in the balance

Future of luxury goods in online marketplaces hangs in the balance

13/04/2017 - 11:36
Europe's highest court has commenced a case that could decide if luxury brands can stop retailers from selling their products via online marketplaces such as Amazon or eBay. read more
LVMH has luxury market in the bag as shares soar

LVMH has luxury market in the bag as shares soar

12/04/2017 - 11:10
Paris — LVMH shares rose to a record in Paris after the luxury leader’s sales far exceeded estimates on rebounding demand for items from Louis Vuitton bags to Hennessy cognac. read more
FMCG growth soft in China but online trade outperforms

FMCG growth soft in China but online trade outperforms

11/04/2017 - 14:18
The growth in FMCG sales remained soft over the Chinese New Year (CNY) period, according to the latest figures from Kantar Worldpanel. read more
Tesco to report a return to financial health

Tesco to report a return to financial health

11/04/2017 - 10:58
After £6.4bn loss two years ago the supermarket chain is set to announce bigger than expected jump in profits. read more
Mondelez 'preparing to replace' CEO

Mondelez 'preparing to replace' CEO

11/04/2017 - 09:22
Mondelez, the company behind Oreo, will consider replacing its CEO, Irene Rosenfeld. read more
Retailers hope for Easter bounce after six months of falling sales

Retailers hope for Easter bounce after six months of falling sales

10/04/2017 - 09:14
Easter will deliver a sugar rush for the high street this year as the warm spring weather and the timing of national payday boosts bank holiday shopping. read more
Ralph Lauren closing Fifth Avenue flagship store in new cost cuts

Ralph Lauren closing Fifth Avenue flagship store in new cost cuts

06/04/2017 - 14:06
Ralph Lauren Corporation announced it would close its four-story Polo flagship on Manhattan's Fifth Avenue (off 55th Street), another watershed moment for the struggling 70-year-old retailer as it looks for cost savings across the company. read more
Total Easter spending to reach a record $18.4 billion in the U.S.

Total Easter spending to reach a record $18.4 billion in the U.S.

06/04/2017 - 12:45
More shoppers plan to hop online to buy for Easter. read more
Morrisons uses artificial intelligence to improve product availability

Morrisons uses artificial intelligence to improve product availability

06/04/2017 - 10:03
Morrisons, one of the UK’s largest supermarket chains, is using artificial intelligence in its ordering system to automate over 13 million ordering decisions per day, which is already reducing shelf gaps by up to 30%. read more
"Free from" ranges see 36% boost as inflation hits grocers

"Free from" ranges see 36% boost as inflation hits grocers

05/04/2017 - 10:40
Inflation has continued to push up prices in the grocery sector as sales of gluten-free items skyrockets by over a half. read more
Starbucks trials mobile-only payments store

Starbucks trials mobile-only payments store

04/04/2017 - 10:20
Starbucks is testing out a new mobile payments store at its Seattle headquarters, where customers won't be able to use cash or cards. read more
'People aren't spending': stores close doors in 'oversaturated' US retail market

'People aren't spending': stores close doors in 'oversaturated' US retail market

03/04/2017 - 15:47
Boarded-up shops are a common sight in cities across the country as Macy’s, Sears and JCPenney struggle and Credit Suisse downgrades the retail sector read more
Guess set to expand to north east at Intu Metrocentre

Guess set to expand to north east at Intu Metrocentre

03/04/2017 - 11:52
Fashion retailer Guess is poised to open its first bricks-and-mortar store in the north east of England at Intu Metrocentre. read more
Amazon Go faces launch delays amid technical trouble

Amazon Go faces launch delays amid technical trouble

30/03/2017 - 11:11
The cashier-less supermarket from Amazon is likely to delay its launch this month as numerous technical issues have been exposed. read more
Amazon opens grocery pickup points

Amazon opens grocery pickup points

29/03/2017 - 16:20
Amazon.com Inc. today confirmed its first foray into grocery retailing at the bricks-and-mortar level.  read more
Cadbury warns Brexit may cause chocolate bars to shrink

Cadbury warns Brexit may cause chocolate bars to shrink

28/03/2017 - 10:33
First it was the shrinking of the Toblerone bar. Now, Cadbury's has announced that it has to pare down the size of its chocolate or raise prices, after Brexit. read more
Gant increases store dwell time with online music platform

Gant increases store dwell time with online music platform

27/03/2017 - 14:42
Gant's in-store customers are shopping for longer since deploying a new music platform. read more
2.25m retail jobs at risk of being replaced by robots by 2030

2.25m retail jobs at risk of being replaced by robots by 2030

27/03/2017 - 10:28
Retail is among the sectors identified as facing the biggest risk of jobs being automated – or replaced by robots – in the next 15 years, according to a new study. read more
Why Singapore's online grocery is forecast to triple by 2020

Why Singapore's online grocery is forecast to triple by 2020

27/03/2017 - 09:08
Singapore’s online grocery market has grown rapidly over the past few years and IGD expects sales to more than triple by 2020. Although only a small part of the overall market today, with 1.2% of sales online, we estimate that by 2020 around 3.9% of Singapore’s grocery sales will be online, equating to approximately S$0.5 billion a year. The growth of online grocery retailing is a global trend, driven by a combination of technology, how we live our lives today and retailers following this trend by investing in their offer. read more
Retailers line up to support WWF Earth Hour

Retailers line up to support WWF Earth Hour

24/03/2017 - 16:40
Retailers across Europe have announced their support for 'Earth Hour', an initiative launched by the WWF, which encourages homes and businesses to turn off their non-essential lights for one hour this Saturday, between 8.30 and 9.30pm. read more
31% of U.S. shoppers will order groceries online in 2017

31% of U.S. shoppers will order groceries online in 2017

23/03/2017 - 08:46
As many as 31% of U.S. shoppers are likely to order groceries online in 2017, up 63% from the 19% that did so in 2016, according to a report from Unata. In addition to adding new customers, online grocers are retaining many existing ones: 80% of those who shopped online for groceries in 2016 say they would do so again in 2017. read more
Walmart launches tech incubator dubbed Store No. 8

Walmart launches tech incubator dubbed Store No. 8

22/03/2017 - 15:05
Retailers have been advised to act like a startup and now the largest retailer in the world is going above and beyond. Walmart has created an incubator to internally nurture startup businesses called Store No. 8. read more
eBay to launch fast, free delivery for millions of items

eBay to launch fast, free delivery for millions of items

22/03/2017 - 10:41
eBay recently announced a new delivery program poised to launch in the Summer, in which it will guarantee delivery in three days or faster for 20 million eligible items. Millions of those will ship for free. read more
UK shoppers seeking new technology to help with grocery shopping

UK shoppers seeking new technology to help with grocery shopping

22/03/2017 - 10:04
While shopper use of tech for discounts, coupons and offers has been on the increase as technology has evolved in recent years, new research from IGD highlights it is not just saving money that shoppers are interested in when it comes to technology related to food and grocery. read more
Canada Goose’s shares jump 40% in market debut

Canada Goose’s shares jump 40% in market debut

17/03/2017 - 09:04
Toronto — Canada Goose Holdings shares surged 40% in their trading debut on Thursday after the high-end parka manufacturer raised C$340m ($256m) in an initial public offering. read more
Three ways Amazon Go’s automation will impact the retail industry

Three ways Amazon Go’s automation will impact the retail industry

16/03/2017 - 13:54
Could “paper or plastic?” become a question of the past? In early December, Amazon opened its checkout-free store concept, Amazon Go, in Seattle. Initially open only to employees, the store is expected to open to the public early this year. With the e-commerce giant’s “just walk out” technology, customers are able to swipe their app when they enter, pick up items they want off the shelves, and exit without cash registers or lines. read more
SPAR Italy opens beautiful new supermarket in Venice

SPAR Italy opens beautiful new supermarket in Venice

16/03/2017 - 09:45
In a beautiful old building in Venice, which used to house a movie theatre, a new DESPAR store has opened. The elegant supermarket with its high ceilings and renovated frescoes makes for a truly unique shopping experience.  read more
In China's premium sector, one size doesn't fit all

In China's premium sector, one size doesn't fit all

16/03/2017 - 09:17
Compared with just a few years ago, when eager consumers lined up outside a growing base of burgeoning high-end retail stores, today’s luxury market across China and Hong Kong is much more compressed. Despite the shift, however, the luxury sector is still one of opportunity—even if sales don’t come as easy as they once did. read more
Zara owner's margin shrinks to lowest level in 8 years

Zara owner's margin shrinks to lowest level in 8 years

15/03/2017 - 14:08
London - Inditex’s profitability shrank to an eight-year low as the world’s largest clothing retailer was confronted with higher garment costs and lowered prices to fend off increasing competition. read more
Digital strategies help Neiman Marcus and Home Depot improve omnichannel personalisation

Digital strategies help Neiman Marcus and Home Depot improve omnichannel personalisation

15/03/2017 - 09:32
Every retailer is seeking to reach the Promised Land of one-to-one customer personalisation. Two brands that are leaders in their respective verticals — Home Depot and Neiman Marcus — use a variety of data-driven solutions to move them closer to this goal. read more
Tesco launches ‘Food Waste Hotline’ for suppliers

Tesco launches ‘Food Waste Hotline’ for suppliers

14/03/2017 - 16:18
Tesco has launched an online ‘food waste hotline’ aimed at making it easier for suppliers and growers to pinpoint ongoing food waste hotspots, and work with the retailer in tackling them. read more
Wal-Mart testing in-store touchscreens in challenge to Amazon

Wal-Mart testing in-store touchscreens in challenge to Amazon

10/03/2017 - 09:46
Wal-Mart Stores Inc. is testing a touchscreen monitor at some Texas stores that helps toy shoppers identify what they might want or order a specific item they can’t locate on shelves, TheStreet reports. read more
EuroShop 2017: retailers eager to invest

EuroShop 2017: retailers eager to invest

09/03/2017 - 15:44
With over 113,000 visitors and 2,368 exhibitors, the EuroShop 2017 was the largest in its 50-year history  read more
Best Buy grew web sales faster than Amazon and Wal-Mart last year

Best Buy grew web sales faster than Amazon and Wal-Mart last year

08/03/2017 - 16:02
Best Buy’s 2016 online sales totalled $4.85 billion, up nearly 21%. read more
Cross-border eCommerce on the up despite Brexit

Cross-border eCommerce on the up despite Brexit

07/03/2017 - 15:37
UK consumers are increasingly purchasing online from overseas, despite fears surrounding Brexit, new research from VoucherCodes.co.uk finds. read more
Analysis: Target needs to balance online growth with store growth

Analysis: Target needs to balance online growth with store growth

07/03/2017 - 15:22
The holidays did not bring much cheer for Target, which saw both sales and profit decline during the golden quarter. Worryingly, comparable sales fell at an accelerated pace, ending up at their most negative point for of the fiscal year. The one bit of sparkle in an otherwise dreary set of figures came from digital where sales grew by a stellar 34%, a pace of expansion well above online growth in the whole U.S. market. read more
Target to invest $7B over 3 years in digital

Target to invest $7B over 3 years in digital

06/03/2017 - 08:54
Target plans to invest $2 billion this year, and $7 billion over the three years as it looks to boost its digital initiatives, support new brands and expand its smaller store footprint, taking a page from the playbook of main competitor Walmart. read more
SPAR Austria develops supermarket of the future

SPAR Austria develops supermarket of the future

03/03/2017 - 08:37
SPAR Austria is working with students from the Salzburg Technical College to develop an energy self-sufficient supermarket of the future. read more
Sainsbury's crowned world's top sustainable seafood retailer

Sainsbury's crowned world's top sustainable seafood retailer

02/03/2017 - 10:30
Sainsbury’s has been crowned the world’s leading supermarket for selling sustainable seafood by the Marine Stewardship Council (MSC). read more
Jet boosts assortment with Wal-Mart brands

Jet boosts assortment with Wal-Mart brands

02/03/2017 - 09:19
E-commerce startup Jet, now owned by Wal-Mart, is bringing in a slew of Wal-Mart brands, including “Great Value,” “Equate” and “Sam’s Choice,” to bolster its relatively thin assortment, Bloomberg reports. read more
SPAR Guangdong celebrates first store opening of 2017

SPAR Guangdong celebrates first store opening of 2017

01/03/2017 - 11:39
SPAR China Partner, SPAR Guangdong, recently celebrated the opening of its first new store of 2017, SPAR Tangxia Jindi, located in the Baihui Shopping Mall.  read more
Nordstrom eclipses $3 billion in online sales in 2016

Nordstrom eclipses $3 billion in online sales in 2016

28/02/2017 - 15:53
Online sales now account for more than 22% of Nordstrom’s total sales. read more
Woolworths' nightmare in Australia

Woolworths' nightmare in Australia

28/02/2017 - 15:31
The retailer still seems to be an investment to hang on to, despite the slower growth markets it is trading in. read more
L’Oréal Creates ‘All Worth It’ promotional campaign in UK

L’Oréal Creates ‘All Worth It’ promotional campaign in UK

28/02/2017 - 11:10
L’Oréal Paris UK has engaged in a three-year marketing initiative entitled ‘All Worth It’, which will see the cosmetics firm offer ‘confidence training’ to 10,000 young Britons. read more
Walmart making great strides in eCommerce

Walmart making great strides in eCommerce

27/02/2017 - 16:41
Walmart is seeing payoff from its significant investments in eCommerce, growing online sales 29% in the fourth quarter while gross merchandise value (GMV) increased 36.1%, including its Jet.com and grocery businesses. read more
More luxury retailers opened stores in London than any other city in 2016

More luxury retailers opened stores in London than any other city in 2016

27/02/2017 - 13:58
London’s status as the world capital for luxury retail has been reinforced with new data showing it had more luxury store openings than any other city in 2016. read more
Unilever reviewing options for change after Kraft bid fails

Unilever reviewing options for change after Kraft bid fails

24/02/2017 - 15:50
Unilever started a strategic review of its operations and boosted its profitability forecast, taking steps to speed up shareholder returns after Kraft Heinz Co.’s failed $143 billion takeover proposal. read more
Could Amazon be the push the fashion industry needs?

Could Amazon be the push the fashion industry needs?

24/02/2017 - 11:27
Not content with disrupting the tech, online and grocery industries, Amazon recently announced it would be making its first UK foray into fashion. read more
Italy’s San Pellegrino expands production capacity

Italy’s San Pellegrino expands production capacity

21/02/2017 - 13:39
Nestlé Italia is investing €90 million in the restructuring of its water and soft drinks factory in San Pellegrino Terme, reports daily Il Sole 24 Ore. read more
 Three Spar stores opened in Azerbaijan capital

Three Spar stores opened in Azerbaijan capital

21/02/2017 - 10:18
The capital city of Azerbaijan, Baku, was host to the grand openings of three new Spar stores at the end of 2016, Spar International has announced. read more
Cross-border e-commerce and online food sales grow over 80% in China

Cross-border e-commerce and online food sales grow over 80% in China

20/02/2017 - 15:46
China’s total online sales growth slowed to 26.2% in 2016, according to China’s National Bureau of Statistics, however, several sectors, such as cross-border and online food sales, grew much faster than the overall market. read more
Kraft walks away from 'friendly' bid for Unilever

Kraft walks away from 'friendly' bid for Unilever

20/02/2017 - 10:17
U.S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target. read more
UK retail sales unexpectedly decline as inflation bites

UK retail sales unexpectedly decline as inflation bites

20/02/2017 - 09:39
London - UK retail sales unexpectedly fell for a third month in January, suggesting consumers are starting to feel the squeeze from accelerating inflation. read more
Amazon set to launch its own fashion label in the UK

Amazon set to launch its own fashion label in the UK

17/02/2017 - 14:01
Amazon is set to launch its own fashion label in the UK and has recruited senior buying experts from Primark and M&S, according to Drapers. read more
Waitrose named UK’s best supermarket as Iceland tops list of online grocers

Waitrose named UK’s best supermarket as Iceland tops list of online grocers

17/02/2017 - 10:51
Shoppers were asked to rate stores based on factors such as store appearance, ease of finding products and overall quality of fresh products. read more
 Walmart acquires Moosejaw for $51 million

Walmart acquires Moosejaw for $51 million

16/02/2017 - 12:42
Walmart announced it has acquired online outdoor retailer Moosejaw for $51 million. Moosejaw will join the Walmart U.S. ecommerce organisation. read more
Amazon files patent for parachute-aided drone deliveries

Amazon files patent for parachute-aided drone deliveries

16/02/2017 - 12:15
Amazon has filed a patent for its drones to deliver online purchases with the aid of parachutes. read more
Mobile purchases in the UK expected to smash records in 2017

Mobile purchases in the UK expected to smash records in 2017

15/02/2017 - 14:44
New research has revealed that the UK is expected to spend £27.02 billion on purchases on mobile devices this year, an increase of 26 per cent from £21.51 billion in 2016. read more
Sears details survival strategy

Sears details survival strategy

15/02/2017 - 10:28
It’s not over yet for the embattled Sears Holdings, which is streamlining its operations on the heels of what appears to be a brutal fourth quarter.  read more
Anti-Valentine's Day ("Singles Day") is the largest retail sales day in Asia

Anti-Valentine's Day ("Singles Day") is the largest retail sales day in Asia

14/02/2017 - 17:07
What started as an “anti-Valentine’s” celebration concocted by students at Nanjing University in the 1990’s has grown into the single largest shopping day in Asia with sales of $17.8 billion last year.  read more
Sears Holdings adds to Trump defections

Sears Holdings adds to Trump defections

14/02/2017 - 10:04
The Trump brand at retail has taken another hit.  read more
Gucci's parent company heralds recovery of luxury sector

Gucci's parent company heralds recovery of luxury sector

13/02/2017 - 09:44
Gucci and Yves Saint Laurent owner Kering has posted figures showing a positive return to growth in the luxury sector, spurred by the former's dramatic turnaround. read more
H&M unveils new Conscious Exclusive collection using recycled shoreline waste

H&M unveils new Conscious Exclusive collection using recycled shoreline waste

10/02/2017 - 12:15
The Conscious Exclusive” collection continues H&M's efforts to forge a more sustainable fashion future: About 20% of its products are now made from more sustainable materials, with the company pledging to increase that percentage each year moving forward.  read more
Michael Kors will expand buy online, pick up in store

Michael Kors will expand buy online, pick up in store

09/02/2017 - 09:12
The luxury apparel company plans to roll out the offering to all of its branded stores within the next three months. read more
Whole Foods Market disappoints

Whole Foods Market disappoints

09/02/2017 - 08:29
Whole Foods Market on Wednesday reported a disappointing first quarter and also lowered full-year sales and earnings guidance.  read more
Mondelez's sales and profit miss estimates

Mondelez's sales and profit miss estimates

08/02/2017 - 15:13
Mondelez International Inc (MDLZ.O), the maker of Oreo cookies and Cadbury chocolates, reported lower-than-expected holiday-quarter sales and profit due to a strong dollar that eroded the value of sales outside the United States.  read more
First German supermarket sells waste food only

First German supermarket sells waste food only

08/02/2017 - 14:39
The first supermarket to sell only salvaged food waste has opened in Germany. It marks a small step towards a zero-waste society - but a major shift in social awareness according to DW reporter Irene Banos Ruiz. read more
Tiffany & Co CEO steps down

Tiffany & Co CEO steps down

07/02/2017 - 09:13
On the heels of disappointing financial results, Tiffany & Co. said that Frederic Cumenal has stepped down as CEO, effective immediately.  read more
Amazon sales and profits surge, but misses Wall Street targets

Amazon sales and profits surge, but misses Wall Street targets

06/02/2017 - 14:46
Amazon sales and profits surge, but misses Wall Street targets. read more
 Abercrombie & Fitch Co. announces new CEO

Abercrombie & Fitch Co. announces new CEO

06/02/2017 - 08:52
Abercrombie & Fitch Co announced that Fran Horowitz, President and Chief Merchandising Officer, has been promoted to Chief Executive Officer of the Company. Joanne Crevoiserat, Executive Vice President and Chief Financial Officer, has been promoted to Chief Operating Officer while continuing in her current roles. Arthur Martinez will continue in the role of Executive Chairman. These appointments are effective immediately. Ms. Horowitz will also join the Company’s Board of Directors. read more
Clash at Ralph Lauren: CEO to leave

Clash at Ralph Lauren: CEO to leave

03/02/2017 - 13:53
It doesn’t pay to clash with Ralph Lauren, one of the most iconic names in fashion retailing.  read more
Spar UK introduces private label 'convenient' sauce line

Spar UK introduces private label 'convenient' sauce line

01/02/2017 - 14:23
Spar UK has released a new line of own-brand cooking sauces, part of its campaign to offer shoppers easy-to-make dinners after a long day at work. read more
Amazon to build cargo hub in Kentucky, in possible move to vie with FedEx

Amazon to build cargo hub in Kentucky, in possible move to vie with FedEx

01/02/2017 - 13:56
San Francisco — Amazon.com plans to invest $1.49bn in building a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx and United Parcel Service. read more
Nike boss slams Donald Trump's "Muslim ban" policy

Nike boss slams Donald Trump's "Muslim ban" policy

31/01/2017 - 14:22
The boss of sportswear brand and retail giant Nike has slammed US President Donald Trump’s executive order that bans people from seven Muslim-majority countries from entering the US. read more
“German engineering” sparks Chinese online shopping binge

“German engineering” sparks Chinese online shopping binge

31/01/2017 - 13:59
The power and magnitude of online Chinese shoppers and their demand for high-quality products has left German retailers reeling as selected goods sell-out unexpectedly across the country. read more
Starbucks to hire 10,000 refugees worldwide after Trump ban

Starbucks to hire 10,000 refugees worldwide after Trump ban

30/01/2017 - 15:14
WASHINGTON (AP) — Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations. read more
H&M to debut shoppable runway show at Paris Fashion Week

H&M to debut shoppable runway show at Paris Fashion Week

30/01/2017 - 12:24
For the first time, H&M shoppers will be able to purchase merchandise straight on the runway.  read more
Tesco buys wholesaler Booker for $4.7bn

Tesco buys wholesaler Booker for $4.7bn

30/01/2017 - 12:07
UK’s biggest supermarket has announced a landmark £3.7 billion deal to acquire the Booker group. ($4.7 billion, 4.4 billion euros) read more
 Swiss watch exports have worst year since 2008

Swiss watch exports have worst year since 2008

30/01/2017 - 09:00
Swiss watch exports fell 9.9% in 2016, the biggest drop in seven years, as high-end timepieces went unsold on retailers’ shelves in Hong Kong, the industry’s largest market. read more
Jimmy Choo posts record revenue for 2016

Jimmy Choo posts record revenue for 2016

27/01/2017 - 08:43
Jimmy Choo has recorded another year of record revenue for the full-year ending December 31, with “strong growth” in Asia and “continued solid growth in Europe and Japan. read more
Amazon Dash buttons now available digitally

Amazon Dash buttons now available digitally

26/01/2017 - 09:12
Amazon has digitalised its Dash buttons by adding them to the Prime app – allowing people to access the function either on the mobile device or website. read more
President of struggling Banana Republic to depart

President of struggling Banana Republic to depart

25/01/2017 - 15:14
The search is on for a new president of Banana Republic, which has had a hard time finding its footing amid dismal same-store sales results.  read more
AllSaints opens first standalone store in Latin America

AllSaints opens first standalone store in Latin America

24/01/2017 - 15:55
British fashion retailer AllSaints has continued its expansion in Latin America with the opening of its first standalone shop in Mexico last week. read more
Cartier tones down glitz in Geneva as watch makers slowly rebound

Cartier tones down glitz in Geneva as watch makers slowly rebound

24/01/2017 - 11:02
Zurich - Cartier’s exhibit at Geneva’s luxury watch show is usually packed with lavish, gem-encrusted timepieces costing $100 000 or more. read more
Amazon triples unique mobile visitors in two-year span

Amazon triples unique mobile visitors in two-year span

23/01/2017 - 10:56
Amazon isn’t just winning mobile; it’s blowing away the competition. The e-Commerce giant has tripled its number of unique mobile visitors since December 2014, according to a note from Oppenheim obtained by Business Insider. read more
Costco to pay $11.75m over medical prescriptions

Costco to pay $11.75m over medical prescriptions

20/01/2017 - 15:12
Warehouse retail giant Costco has agreed to pay $11.75 million to settle allegations that some of its pharmacies improperly filled prescriptions for controlled substances, federal officials announced recently. read more
J.C. Penney bringing Nike shops to 600-plus stores

J.C. Penney bringing Nike shops to 600-plus stores

19/01/2017 - 13:11
Shares in J.C. Penney popped 3.7% on Tuesday after the discount department store retailer announced it’s adding new 500-square-foot Nike brand shops in “prominent locations” within the men’s departments of more than 600 of its stores. read more
Burberry gives fresh boost for luxury sales

Burberry gives fresh boost for luxury sales

19/01/2017 - 09:09
London - British trench coat maker Burberry Group reported estimate-beating revenue as Asia Pacific returned to growth, the second positive sign in a week for Europe’s struggling luxury-goods industry. read more
Christmas cracker for Marks & Spencer

Christmas cracker for Marks & Spencer

13/01/2017 - 14:08
Clothing and homeware sales — the nub of new CE Steve Rowe’s recovery strategy — rise for the first time in two years read more
Wal-Mart tries Scan and Go again to bypass checkout lines

Wal-Mart tries Scan and Go again to bypass checkout lines

13/01/2017 - 08:56
Wal-Mart has re-launched “Scan and Go,” a mobile application for Android devices released on Google’s Play Store, designed to help consumers avoid long lines while grocery shopping at its Rogers, AR store, according to Tech Times. read more
Skincare deal gives fresh face to L'Oreal in US

Skincare deal gives fresh face to L'Oreal in US

12/01/2017 - 12:51
PARIS - French cosmetics giant L'Oreal has agreed to buy three leading skincare brands from Valeant for $1.3 billion in a move set to give its US offering a facelift. read more