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 New York City boosts cigarette prices to $13 per pack

New York City boosts cigarette prices to $13 per pack

30/08/2017 - 09:19
New York boosted the minimum price of a pack of cigarettes by 24 percent to $13 (€10.80) and placed a cap on the number of tobacco sellers, part of the city’s biggest crackdown on smoking in more than a decade. read more
Zeekit launches app to virtually try on outfits before buying online or in-store

Zeekit launches app to virtually try on outfits before buying online or in-store

19/09/2016 - 14:26
NEW YORK - Zeekit, a B2C platform and mobile app that reinvents the way consumers browse, share and shop from their mobile devices, has launched an advanced virtual fitting room app for consumers and retailers. read more
 G-III to Acquire Donna Karan International

G-III to Acquire Donna Karan International

26/07/2016 - 09:36
NEW YORK & PARIS–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NASDAQ:GIII), a leading designer, manufacturer and marketer of branded apparel and accessories, and LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading high quality products group, today announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017. read more
Hershey going bigger in Times Square

Hershey going bigger in Times Square

20/07/2016 - 10:09
The Hershey Company is moving its popular store in Manhattan’s Times Square to a much larger location. read more
US retail giants feel pain as online shopping hits - USA

US retail giants feel pain as online shopping hits - USA

16/05/2016 - 14:39
New York - Iconic American stores Macy's and Gap are facing tough questions about their future following dreary earnings announcements this week that highlighted the growing market share taken by online retailers.  read more
Walmart sues Visa over chip cards in US

Walmart sues Visa over chip cards in US

12/05/2016 - 14:37
New York - US retail giant Walmart is suing Visa to give customers using chip-enabled debit cards in its US stores the right to punch in a PIN code. read more
Wine upstart drops smart bottle on $300bn industry - USA

Wine upstart drops smart bottle on $300bn industry - USA

04/04/2016 - 11:49
New York - For wine, the hangover can start as soon as the bottle is opened. read more
Billionaire Koch brother to sell wine stash - USA

Billionaire Koch brother to sell wine stash - USA

31/03/2016 - 10:04
New York - On May 19, 20 000 bottles of wine from William Koch’s cellar will go to auction at Sotheby’s. read more
Revlon names its next CEO - USA

Revlon names its next CEO - USA

30/03/2016 - 08:59
New York - Revlon named Fabian Garcia as its next chief executive officer, turning to a Colgate-Palmolive veteran to revamp the cosmetics company. read more
Walmart cuts growth forecast as currency hampers sales - USA

Walmart cuts growth forecast as currency hampers sales - USA

19/02/2016 - 13:29
New York - Walmart Stores, the world’s largest retailer, lowered its annual sales forecast after the strong dollar pulled down the value of overseas revenue.  read more
Online jewelry retailer continues leap into brick-and-mortar - USA

Online jewelry retailer continues leap into brick-and-mortar - USA

12/02/2016 - 09:42
Blue Nile made its brick-and-mortar debut last June, and the company is so pleased with the results that it plans to add more stores. read more
Johann Rupert R23bn poorer so far this year

Johann Rupert R23bn poorer so far this year

12/01/2016 - 08:26
Cape Town - South African billionaire executive Johann Rupert has become $1.5bn (about R23.22bn) poorer so far this year compared to last year, according to the daily Bloomberg Billionaires Index. read more
Walmart outlines three year growth plan - USA

Walmart outlines three year growth plan - USA

15/10/2015 - 08:23
The world’s largest retailer plans to grow sales by $45 billion to $60 billion in the next three years and spend $20 billion buying back its own shares. read more
eBay Alternative Brings the Latest Gadgets to Consumers Worldwide

eBay Alternative Brings the Latest Gadgets to Consumers Worldwide

01/09/2015 - 13:19
New York - Cross-border shopping is the fastest growing branch of international e-commerce with unprecedented global demand for the latest products on the market. The U.S. retail market is the go-to place for the newest tech products, but there are still many barriers for international consumers.  read more
Macy’s severs ties with Trump - USA

Macy’s severs ties with Trump - USA

02/07/2015 - 09:52
New York - Macy's said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and US presidential hopeful because of his comments insulting Mexicans.  read more
Disney, Ralph Lauren most patriotic retailers - USA

Disney, Ralph Lauren most patriotic retailers - USA

24/06/2015 - 08:35
New York – Disney and Ralph Lauren, vertical brands with a strong retail presence, are the highest-ranked retailers in a new Brand Keys survey of what brands U.S. consumers consider the most patriotic.  read more
Toys R Us to close oldest toy store - USA

Toys R Us to close oldest toy store - USA

18/05/2015 - 09:01
New York - Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue. read more
Early Easter takes bite out April sales - USA

Early Easter takes bite out April sales - USA

08/05/2015 - 11:20
New York - An early Easter that drew shoppers into stores in March and slowing economic growth helped cut into retailers’ April sales results. read more
Global consumers eye online groceries - USA

Global consumers eye online groceries - USA

30/04/2015 - 10:01
New York – Retailers who offer or are considering offering online grocery shopping may be on the right track.  read more
Mother’s Day spend to grow 2% - USA

Mother’s Day spend to grow 2% - USA

29/04/2015 - 09:36
New York – Consumers might be a little nicer to Mom this year than last year. IBISWorld expects total Mother’s Day spending to reach $20.8 billion, representing an increase of 2% from 2014 spending, and an annualised increase of 6.5% since 2010. read more
Kraft recalls macaroni meals - USA

Kraft recalls macaroni meals - USA

18/03/2015 - 10:15
New York - Kraft Foods is recalling 242 000 cases of original flavour Kraft Macaroni & Cheese because some of the boxes contain small pieces of metal.  read more
The Pepsi® Challenge™: Epic. Music. Sports. Tech. Design. Purpose. - USA

The Pepsi® Challenge™: Epic. Music. Sports. Tech. Design. Purpose. - USA

12/03/2015 - 13:41
Take the #PepsiChallenge and step out of your routine to do something different. read more
Walmart joins growing US march on wage hikes - USA

Walmart joins growing US march on wage hikes - USA

02/03/2015 - 12:41
New York - Walmart, the largest retailer in the United States, is increasing wages, and economists are hoping to see a chain reaction. read more
Costco will no longer take AmEx cards - USA

Costco will no longer take AmEx cards - USA

13/02/2015 - 10:27
New York -- In a big loss for American Express, Costco Wholesale Club will no longer accept American Express cards at its U.S. stores starting on March 31, 2016, ending a 16-year-old exclusive relationship with the credit card giant. read more
Nedap opens US sales office to accelerate growth in retail sector - USA

Nedap opens US sales office to accelerate growth in retail sector - USA

20/01/2015 - 15:52
Nedap, a global leader in loss prevention and stock management technology for the retail sector, announces the opening of a US sales office in the New York area for its retail division. read more
Retail sales expected to rise 4.5% in 2015 - USA

Retail sales expected to rise 4.5% in 2015 - USA

19/01/2015 - 10:40
New York - The outlook for the retail industry looks bright, with lower prices at the pump and decreasing unemployment boding well for consumer spending. Retail sales are expected to rise 4.5% in 2015, which is about one percentage point stronger than 2014 growth, according to a report by Kantar Retail, whose analysis excludes automobile dealers, and gas and food service. read more
Stronger economy boosts increase in store construction/renovations - USA

Stronger economy boosts increase in store construction/renovations - USA

12/01/2015 - 10:19
New York - A.R.E. (the Association for Retail Environments) is predicting a 10% increase in spending on North American retail store construction and renovations in 2015. read more
Avon settles over bribe probe - USA

Avon settles over bribe probe - USA

19/12/2014 - 09:12
New York - US authorities have fined the international cosmetics seller Avon Products $135m to settle a corruption probe in China. read more
And the most compelling Christmas ad is... UK

And the most compelling Christmas ad is... UK

18/12/2014 - 09:48
Wal-Mart hid real performance, inflated sales - China

Wal-Mart hid real performance, inflated sales - China

12/12/2014 - 08:41
New York - Wal-Mart Stores Inc. has reportedly discovered discrepancies in accounting practices its China business was using that made performance look better than it really was. read more
Wal-Mart feels good about Black Friday weekend sales - USA

Wal-Mart feels good about Black Friday weekend sales - USA

02/12/2014 - 09:56
New York - Count Wal-Mart as not falling victim to the Black Friday weekend blues. The discounter is reporting a strong holiday weekend, including record online sales. read more
Shock Japan recession a blow to global economy - Japan

Shock Japan recession a blow to global economy - Japan

17/11/2014 - 10:06
Tokyo - Japan's economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike, dragging the country into a recession and further clouding the outlook for the global economy. read more
US stocks reach new records - USA

US stocks reach new records - USA

11/11/2014 - 09:07
New York - US stock markets soared to fresh records Monday but internet broadband carriers were hit hard by President Barack Obama's call for tough net neutrality rules. read more
Topshop opens its largest U.S. store - USA

Topshop opens its largest U.S. store - USA

07/11/2014 - 11:09
New York - British fast-fashion retailer Topshop, a unit of Arcadia Group, opened a flagship on Manhattan’s Fifth Avenue, close to Rockefeller Center. read more
Wal-Mart cuts annual sales forecast - USA

Wal-Mart cuts annual sales forecast - USA

20/10/2014 - 12:21
New York - Wal-Mart Stores cut its sales forecast on Wednesday and acknowledged the need to do a better job stocking shelves and staffing stores to win back customers in a tough economy.  read more
Ikea may tighten carbon rules - Norway

Ikea may tighten carbon rules - Norway

14/10/2014 - 09:49
Oslo - Ikea Group, the world's biggest furniture retailer, may introduce an internal carbon emissions price to help its drive to protect the environment and create a "new and better" company, chief executive Peter Agnefjall said. read more
Red Bull settles lawsuit - USA

Red Bull settles lawsuit - USA

10/10/2014 - 11:10
Washington - A can of Red Bull will not give you wings, but those who bought the energy drink and were disappointed could end up with a few extra bucks, thanks to a class-action lawsuit.  read more
Pepsi to launch naturally soda on Amazon - USA

Pepsi to launch naturally soda on Amazon - USA

02/10/2014 - 10:09
New York - PepsiCo for the first time is introducing a product exclusively through Amazon.com Inc as the snack and soft drink maker aims to expand its footprint in e-commerce. read more
Alibaba off to strong start; gains 38% on first day of trading - USA

Alibaba off to strong start; gains 38% on first day of trading - USA

22/09/2014 - 13:37
New York – Chinese e-commerce giant Alibaba Group Holding Ltd. on Friday closed its first day of trading, on the New York Stock Exchange, with its shares up 38% from its I.P.O., closing at $93.89. read more
Mobile rich media drives expansion, engagement - USA

Mobile rich media drives expansion, engagement - USA

16/09/2014 - 13:05
New York - Mobile rich media advertising drives high expansion rates and secondary engagement for retail brands.  read more
California set to impose statewide ban on single-use plastic bags

California set to impose statewide ban on single-use plastic bags

08/09/2014 - 10:24
New York - California is on track to become the first state in the United States to impose a statewide ban on single-use plastic bags.  read more
Rand slips to week low

Rand slips to week low

03/09/2014 - 09:35
Johannesburg - South Africa's rand fell to its lowest level in a week against the dollar on Tuesday, as another indicator showing domestic economic weakness and a public holiday in the United States combined to push the currency lower.  read more
Gap returning to television with ‘Dress Normal’ campaign- New York

Gap returning to television with ‘Dress Normal’ campaign- New York

29/08/2014 - 09:49
New York -- Gap is returning to television. The brand debuted four commercials that will air on TV, in cinema, in stores and online. read more
Wal-Mart benefits from Amazon, Disney feud

Wal-Mart benefits from Amazon, Disney feud

19/08/2014 - 11:41
New York - Wal-Mart Stores’ online division began offering discounted pre-orders on Walt Disney DVDs this week, a move that capitalises on a feud between Disney and Amazon.com.  read more
Fred Segal to occupy all retail space at new SLS Las Vegas resort

Fred Segal to occupy all retail space at new SLS Las Vegas resort

19/08/2014 - 11:28
New York -- Fred Segal will open The Fred Segal Collective, a multi-store retail experience, at SLS Las Vegas as part of the hotel’s opening on Aug. 23. In an unusual move, the brand will occupy all of the retail space in the resort.  read more
Coke buys $2.15bn stake in Monster

Coke buys $2.15bn stake in Monster

18/08/2014 - 15:17
New York - Coca-Cola announced on Thursday that it would pay $2.15bn for a 16.7% stake in Monster Beverage, cementing a distribution-based link between the two that had added significantly to Coke's profits. read more
Amazon debuts mobile payment app

Amazon debuts mobile payment app

14/08/2014 - 10:40
New York - Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones and tablets.  read more
MasterCard report: U.S. retail sales up 4.6% in July

MasterCard report: U.S. retail sales up 4.6% in July

12/08/2014 - 11:58
New York - The latest SpendingPulse report from MasterCard showed that U.S. retail sales rose 4.6% year-over-year in July, the largest year-over-year gain since October 2012. read more
IBM and Apple: ‘It’s Complicated’ for Retail

IBM and Apple: ‘It’s Complicated’ for Retail

21/07/2014 - 17:16
New York -- Greg Buzek, president of IHL, which tracks mobile spending and forecasts for the retail and hospitality markets, offers analysis on the recently announced IBM-Apple partnership. read more
Lindt eyes sweet taste of Russell Stover

Lindt eyes sweet taste of Russell Stover

16/07/2014 - 11:42
New York - Swiss chocolatier Lindt & Spruengli is considering buying for about $1.5bn US company, Russell Stover, famed for its boxed chocolates, The Wall Street Journal reported Sunday. read more
Sotheby's plans live auction via eBay

Sotheby's plans live auction via eBay

16/07/2014 - 11:28
New York - Sotheby's and eBay announced a partnership on Monday to make it easier to buy antiques, collectibles, and works of fine art online. read more
Visa in deal with Borderfree

Visa in deal with Borderfree

15/07/2014 - 09:38
New York- Visa has entered into an agreement with Borderfree, a leading international cross-border e-commerce solutions provider, to offer customers in the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan, special promotions from retailers in the United States.  read more
Nine retailers in search of a CEO

Nine retailers in search of a CEO

10/07/2014 - 11:36
New York - The heat is on — in many ways. While Target’s search for a new chief executive has been much in the news, the discounter is not the only big retailer on the hunt for a chief executive. read more
GoPro's shares jump 26% in debut

GoPro's shares jump 26% in debut

27/06/2014 - 15:05
New York - Shares of GoPr, which makes cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 26% in their market debut. read more
Twitter to buy video-editing startup

Twitter to buy video-editing startup

23/06/2014 - 16:23
New York - Twitter is buying video-editing start-up SnappyTV to make it easier for television broadcasters and others to share videos of their shows and events on its micro-blogging service.  read more
Luxury jeweller Fabergé sues Faberge

Luxury jeweller Fabergé sues Faberge

09/06/2014 - 10:37
New York - Luxury jeweller, Fabergé, filed a copyright lawsuit on Thursday against a New York City restaurant for what it called a "shameless" appropriation of Fabergé's name and distinctive storefront facade of repeated gold and purple diamonds. read more
China's JD.com makes Wall Street splash

China's JD.com makes Wall Street splash

23/05/2014 - 11:05
New York - Chinese online retailer, JD.com, rallied on Thursday in its Wall Street debut, suggesting an appetite for its larger rival Alibaba. read more
Kohl's and Toshiba partner with Plug and Play in retail accelerator program

Kohl's and Toshiba partner with Plug and Play in retail accelerator program

15/05/2014 - 10:35
New York -- Kohl’s Department Stores and Toshiba Global Commerce Solutions have teamed up with Plug and Play to participate in Plug and Play Retail, an accelerator program that is focused on technologies and teams innovating in the retail industry. read more
Pinterest testing Promoted Pins with retail brands

Pinterest testing Promoted Pins with retail brands

13/05/2014 - 09:19
New York -- Internet scrapbooking site Pinterest Inc. is expanding its efforts to allow paying advertisers more prominent display of their pins, the San Francisco-based company announced in a blog past on Monday.  read more
And the best department store in the world is…

And the best department store in the world is…

12/05/2014 - 10:54
New York -- The United Kingdom’s Selfridges was named ‘Best Department Store in the World’ for the third consecutive time by the Intercontinental Group of Department Stores (IGDS). read more
Retail's global top 10

Retail's global top 10

15/05/2013 - 09:25
New York - There's expensive and then there's Hong Kong. read more
 US markets reopen after shutdown

US markets reopen after shutdown

01/11/2012 - 07:57
US stock markets reopened Wednesday after a historic two-day closure forced by superstorm Sandy, which completely shut down the global financial centre of New York. read more
US: Retailers hit hard by superstorm, economy expected to rebound

US: Retailers hit hard by superstorm, economy expected to rebound

31/10/2012 - 08:57
New York -- While it may be days, even weeks, before the full extent of the damage caused by Hurricane Sandy is known, economists are forecasting that retail sales will be impacted in October and November but that the economy overall will experience an uptick.  read more
Glass half full

Glass half full

22/05/2012 - 08:39
New York - Greek winemakers are not pricing their wares in drachmas - yet. read more
Oil prices rise

Oil prices rise

15/02/2012 - 08:53
World oil prices inched upwards on Tuesday in a subdued market after Moody's warned it could downgrade ratings on three top-rated eurozone members amid continued international tensions read more