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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
Relief as Sainsbury sales ease upward

Relief as Sainsbury sales ease upward

12/01/2017 - 09:58
The British retailer brings its mostly miserable 2016 to a close with strong sales numbers, sending the stock up as much as 7% read more
Alibaba to buy China mall operator in $2.6bn plan

Alibaba to buy China mall operator in $2.6bn plan

12/01/2017 - 08:54
SHANGHAI - Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, sending shares of the mall operator surging. read more
How Amazon Go will transform the grocery experience

How Amazon Go will transform the grocery experience

10/01/2017 - 09:49
The online behemoth's register-free store disrupts the landscape, but does more convenience take away from what food shopping has always been? read more
Walmart purchases ShoeBuy for $70 million

Walmart purchases ShoeBuy for $70 million

09/01/2017 - 10:31
Walmart has purchased the online footwear retailer ShoeBuy for approximately $70 million, in a move aimed at helping its subsidiary Jet.com offer shoppers a larger selection of shoes and sneakers. Walmart, under enormous competitive pressure from e-Commerce titan Amazon, has been moving aggressively over the last few months to expand its digital reach. read more
Kohl's, Apple provide best cross-channel experiences

Kohl's, Apple provide best cross-channel experiences

20/12/2016 - 08:41
With consumers increasingly blind to which "channel" they use during their multi-touch point shopping journeys, it's no longer sufficient for a retailer to offer a great customer experience in one channel but to fall short in another. Unfortunately, a survey of the top 50 U.S. retailers reveals that strong CX ratings across all three channels — store, web, and mobile — are still the exception rather than the rule. read more
Starbucks embraces conversational commerce, boosts personalisation

Starbucks embraces conversational commerce, boosts personalisation

15/12/2016 - 16:35
Starbucks unveiled a new five-year growth plan that includes the rollout of an artificial intelligence-based mobile ordering solution and greater personalization through its mobile app, with both efforts expected to launch next year. read more
Sears swaps discounts for donations

Sears swaps discounts for donations

15/12/2016 - 09:56
Sears is taking the saying, “it is better to give than to receive” to heart. read more
Walmart settles same-sex spouse benefits discrimination suit

Walmart settles same-sex spouse benefits discrimination suit

09/12/2016 - 11:50
Walmart has agreement to a settlement in a lawsuit that accused the retailer of discrimination against gay employees who were unable to get healthcare coverage for their same-sex spouses.  read more
Zara owner ‘aggressively’ avoided a huge amount of tax, Green party alleges

Zara owner ‘aggressively’ avoided a huge amount of tax, Green party alleges

09/12/2016 - 11:46
Brussels — Inditex, the world’s biggest clothing retailer and owner of the Zara and Massimo Dutti brands, used "aggressive" techniques to sidestep at least €585m in taxes from 2011 to 2014, according to Green party legislators in the European Parliament. read more
American Apparel seeks to close nine stores before January auction

American Apparel seeks to close nine stores before January auction

09/12/2016 - 11:06
The ongoing saga of American Apparel is slowly making its way to a final conclusion. read more
Starbucks to bolster mobile app with artificial intelligence, personalisation

Starbucks to bolster mobile app with artificial intelligence, personalisation

09/12/2016 - 10:51
Starbucks Corp. is taking its already robust mobile ecosystem to the next level.  read more
Wayfair app lets shoppers visualize decor in their own homes

Wayfair app lets shoppers visualize decor in their own homes

08/12/2016 - 11:34
Wayfair announced View in Room, a new feature in its flagship mobile application that allows shoppers to see 2-D images furniture and décor in their homes through the camera on their phones before they buy the products. read more
Asia will lead global grocery market by 2021: IGD

Asia will lead global grocery market by 2021: IGD

06/12/2016 - 12:49
The grocery market in Asia is preparing to boom, said retail analyst IGD. read more
Amazon unveils totally checkout-free grocery market

Amazon unveils totally checkout-free grocery market

06/12/2016 - 08:45
The king of the retail jungle roars again. Amazon has unveiled a grocery store with no lines, no registers, no cashiers and no self-checkouts. Amazon Go, a 1,800-square-foot retail space located in the company’s hometown of Seattle, lets shoppers grab the items they want and leave; the order then gets charged to the customer's Amazon account. read more
Starbucks CEO Howard Schultz stepping down; will hand reins to company COO

Starbucks CEO Howard Schultz stepping down; will hand reins to company COO

05/12/2016 - 10:04
Howard Schultz is leaving his post as CEO of the company he built into a global coffee empire, but he’s not retiring. read more
The winners and losers of Black Friday 2016

The winners and losers of Black Friday 2016

30/11/2016 - 09:11
Online shopping scaled new highs, and civility plunged to new lows. Here's what you need to know. read more
Google getting more serious about brick-and-mortar retail

Google getting more serious about brick-and-mortar retail

29/11/2016 - 09:12
Google is expanding its brick-and-mortar presence.  read more
US consumers blow $3.34bn on Black Friday, break mobile shopping record

US consumers blow $3.34bn on Black Friday, break mobile shopping record

28/11/2016 - 15:58
It was an extremely healthy Black Friday for US retailers according to new data released by Adobe. read more
Walmart's plan for worldwide e-commerce domination

Walmart's plan for worldwide e-commerce domination

25/11/2016 - 13:34
To compete in the ongoing online retailing arms race, Walmart is bringing its sizable resources to bear to capture not only the U.S., but the global e-commerce market. CEO Doug McMillon recently laid out four key priorities for the retailer as it looks to not only continue to dominate the physical retail space but make significant inroads in e-commerce: make every day easier for busy families, operate with discipline, be the most trusted retailer, and deliver results and position the company to win. read more
Dr Pepper Snapple buys Bai Brands for $1.7 billion

Dr Pepper Snapple buys Bai Brands for $1.7 billion

24/11/2016 - 09:35
Dr Pepper Snapple Group agreed to acquire Bai Brands for $1.7 billion, snapping up a maker of fruit-flavoured, antioxidant-infused beverages in a bid to attract health-focused consumers. read more
Hermès knows secret to bagging the rich’s money

Hermès knows secret to bagging the rich’s money

21/11/2016 - 08:41
In June, an Hermès Himalayan Nilo Crocodile Birkin handbag sold at auction in Hong Kong for just more than $300,000. read more
 L'Oréal awarded ‘A’ grade for water management

L'Oréal awarded ‘A’ grade for water management

18/11/2016 - 16:44
Cosmetics company L'Oréal has been placed on the ‘Water A List’ by the Carbon Disclosure Project for its sustainable management of water. read more
Walmart moves full steam ahead in ecommerce

Walmart moves full steam ahead in ecommerce

18/11/2016 - 10:00
Perhaps seeing an afterburner kick in from the summer’s Jet.com acquisition, Walmart reported a healthy 21% jump in its ecommerce sales for the third quarter. read more
Carrefour to stop selling plastic bags by 2020

Carrefour to stop selling plastic bags by 2020

17/11/2016 - 14:43
Carrefour will aim to end its distribution of one-time-usage plastic bags at checkouts globally by the year 2020. read more
Regency Centers, Equity One merge in $15 billion deal

Regency Centers, Equity One merge in $15 billion deal

17/11/2016 - 10:30
Regency Centers, a major player in grocery-anchored centers with 307 properties, and Equity One, owner of 98 retail properties, have signed an agreement to merge. Regency will continue as the surviving public company and, it claims, assume the position as the largest shopping centre real estate investment trust. read more
Hugo Boss to slim down and refocus

Hugo Boss to slim down and refocus

17/11/2016 - 09:41
Berlin — The new CEO of Hugo Boss says a plan to revive the struggling German fashion house by cutting brands and seeking to appeal to fashion-conscious younger customers will bear fruit only from 2018, sending its shares lower on Wednesday. read more
Auchan to trial robotic trolley

Auchan to trial robotic trolley

16/11/2016 - 11:53
Auchan Retail France will be testing a new robotic shopping trolley designed to help people with limited mobility, LSA.fr reported. read more
Amazon expands home services

Amazon expands home services

15/11/2016 - 11:39
Consumers in more cities will soon be able to turn to the nation’s largest e-commerce retailer to find help for home chores and services. read more
Whole Foods invests more than $700 million in stores and tech initiatives

Whole Foods invests more than $700 million in stores and tech initiatives

14/11/2016 - 10:21
Whole Foods Market remains committed to IT investment and innovation despite slumping sales. Like most grocers, the retailer is struggling with increased competition and a highly promotional market which has led to lower year-over-year sales. Despite slumping sales for the year, the retailer is powering to the finish in 2016 with a 2% increase in sales in 4Q, setting a new company record with $3.5 billion in revenue for the quarter. read more
What President Trump means for retailers

What President Trump means for retailers

10/11/2016 - 14:19
After a long night, Republican candidate Donald Trump was voted into the White House. Here’s how his administration could impact trade, tax reform, and labour issues. read more
Burberry to cut up to 20% of its product lines in battle for customers

Burberry to cut up to 20% of its product lines in battle for customers

10/11/2016 - 09:24
London — British luxury brand Burberry is cutting 15%-20% of its product lines, aiming to focus on its newest ranges as it battles to attract shoppers in a volatile luxury goods market. read more
Whole Foods to launch national rewards program

Whole Foods to launch national rewards program

08/11/2016 - 16:50
Whole Foods Market is preparing to roll out a rewards program nationwide amid increasing competition for its shippers. read more
Starbucks ends its fiscal year on a high note

Starbucks ends its fiscal year on a high note

08/11/2016 - 16:31
Starbucks Corp. is feeling its oats. read more
Walmart to run on 50% clean energy by 2025

Walmart to run on 50% clean energy by 2025

08/11/2016 - 11:06
Already focused on burnishing its public image via better treatment of employees, Walmart is now moving to sustainability and local product sourcing as its next positive courses of action. The retailer laid out an environmental roadmap in which the company would get 50% of its energy from clean and renewable sources by 2025. read more
PetSmart launches new shopper-influenced website

PetSmart launches new shopper-influenced website

08/11/2016 - 10:51
Creating a true “commerce-meets-content” experience, PetSmart introduced a new website that complements its omnichannel efforts. read more
Walmart’s new sustainability roadmap includes focus on renewable energy

Walmart’s new sustainability roadmap includes focus on renewable energy

07/11/2016 - 09:32
Walmart is setting some lofty goals for itself on such critical issues as sustainability and job creation.  read more
Wal-Mart e-commerce execs exit in wake of Jet merger

Wal-Mart e-commerce execs exit in wake of Jet merger

03/11/2016 - 11:49
Wal-Mart’s $3.3 billion purchase of e-commerce upstart Jet has led to a shakeup of the retail giant's digital operations, with several Wal-Mart executives leaving to make way for Jet personnel, The Wall Street Journal reports. read more
Walmart and Kroger in dead heat

Walmart and Kroger in dead heat

03/11/2016 - 08:49
Two of the nation’s largest retailers shared the No. 1 position in a ranking of the top U.S. retailers. read more
Amazon planning as many as 2K grocery stores

Amazon planning as many as 2K grocery stores

31/10/2016 - 16:44
Amazon has plans to open 20 physical grocery stores in major U.S. cities over the next two years, with ambitions to open as many as 2,000 over the next decade, according to internal company documents obtained by Business Insider. read more
Luxury’s turmoil sparks Coach-Burberry merger chatter

Luxury’s turmoil sparks Coach-Burberry merger chatter

28/10/2016 - 10:19
Although neither retailer has commented on the speculation and a Reuters report asserted the brands were not in active merger talks, the rumored $20 million Coach-Burberry merger does cast a shadow over the direction of the luxury vertical as revenue continues to dwindle. The personal luxury goods market is set to grow at 0.1%, its lowest annual rate since 2009, forcing brands to seek new options to recapture that lost revenue, cut operating costs, or both. read more
Harrods set to record 7th year of sales & profits increase

Harrods set to record 7th year of sales & profits increase

27/10/2016 - 16:02
world-renowned department store Harrods is expected to post record sales and profits for the seventh year in a row next week, according to reports. read more
Morningstar: Mall investors poised to lose billions as shopping shifts online

Morningstar: Mall investors poised to lose billions as shopping shifts online

27/10/2016 - 09:26
As the retail landscape changes due to the growth of e-commerce, the diminishing of department stores and the shrinking of many retailers’ physical footprints, commercial mortgage-backed securities (CMBS) loans backed by malls have suffered, according to a report from Morningstar Credit Ratings.  read more
River Island and Nedap roll out RFID within 7 months

River Island and Nedap roll out RFID within 7 months

26/10/2016 - 14:50
Retailer rolls out RFID to 280 stores after achieving sales increase in first stores read more
Gucci, Stella McCartney parent company sales up by 10%

Gucci, Stella McCartney parent company sales up by 10%

26/10/2016 - 12:50
The parent company of luxury fashion retailers Gucci and Stella McCartney has recorded a 10 per cent sales increase in its latest quarterly report. read more
Supervalu Sells Save-A-Lot for $1.3 Billion

Supervalu Sells Save-A-Lot for $1.3 Billion

26/10/2016 - 10:35
Supervalu announced the sale of Save-A-Lot business to Onex Corporation, one of North America’s oldest private equity firms, for $1.3 billion in cash. read more
EBay continues brand repositioning as profits dip

EBay continues brand repositioning as profits dip

25/10/2016 - 12:35
Although eBay has long been known as an online destination where shoppers place bids in an auction-style setting, the e-Commerce brand wants to make it clear to shoppers that it is a go-to destination for all online shopping needs. In fact, eBay says 80% of the items on its site are new, with 86% sold at a fixed price. New search features, including a visual search tool, are designed to provide consumers with an improved online shopping experience. read more
Apple upgrades “stores” to mini-town squares

Apple upgrades “stores” to mini-town squares

25/10/2016 - 09:00
On the heels of removing the word “store” from it branding efforts and perhaps leading the charge in the changing role of the retail store, Apple’s retail chief, Angela Ahrendts revealed the technology giant is turning its locations into mini town squares. read more
Tesco trials new anti-fraud Tap&Tag technology

Tesco trials new anti-fraud Tap&Tag technology

24/10/2016 - 09:54
Tesco has rolled out new Tap&Tag technology, which aims to replace paper receipts completely with digital ones. read more
EBay debuts chatbot for Facebook Messenger

EBay debuts chatbot for Facebook Messenger

21/10/2016 - 09:14
Bay debuted a beta version of a new artificial intelligence-driven personalized shopping assistant called eBay ShopBot on Facebook Messenger on Monday. The bot answers search queries from shoppers, asks them questions to refine their product searches and learns from each experience, according to a company blog post. read more
 Starbucks plans to double number of locations in China

Starbucks plans to double number of locations in China

20/10/2016 - 14:55
Chicago - Starbucks will more than double its number of locations in China by 2021, increasing the company’s bet on a country that chief executive officer Howard Schultz says eventually could be a bigger market than the US. read more
Walmart to invest $25m in China food safety research

Walmart to invest $25m in China food safety research

20/10/2016 - 14:30
Shanghai - Walmart and its foundation are investing $25m over five years in food safety research in China, as the world’s largest retailer seeks to strengthen its foothold in the country more than two years after it was hit by high-profile product scandals.  read more
Burberry sees UK sales sparkle on Brexit-hit pound

Burberry sees UK sales sparkle on Brexit-hit pound

20/10/2016 - 10:56
LONDON - Luxury fashion giant Burberry, famed for its designer handbags and trenchcoats, said Tuesday that British sales have soared since the Brexit vote as tourists took advantage of the plunging pound. read more
Gap to shut Banana Republic stores in Britain

Gap to shut Banana Republic stores in Britain

20/10/2016 - 10:40
NEW YORK: US apparel group Gap Inc. will close its Banana Republic stores in Britain as it streamlines its brick-and-mortar presence outside North America in response to weak sales. read more