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Retail News

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21 April

Primark Plans Biggest Expansion

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The Primark apparel chain is planning its biggest expansion of store space since 2006 as its low prices continue to draw in shoppers without the help of an online offering. …

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13 April

LVMH shares hit record high as luxury sales jump in first quarter

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Shares in LVMH – whose array of brands ranges from fashion houses Louis Vuitton and Christian Dior to watchmaker TAG Heuer and jeweller Bulgari – rose as much as 2.9 …

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13 April

Is Coach planning to become a multi-brand fashion giant?

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While Coach, Inc. has considered acquiring Kate Spade and Burberry in the past, it is yet to pull the purchase trigger —though the strategy to do could potentially benefit shareholders, …

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31 March

Walmart, CPG giants to track sourcing from women-owned businesses

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Walmart said the effort would raise awareness for the importance of sourcing from women-owned businesses.  This marks the first time the Women’s Business Enterprise National Council (WBENC), the largest third-party …

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31 March

H&M signals impending discounting, launch of new brand

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The Swedish fast-fashion retailer also reported first quarter results that missed its expectations. Q1 net sales rose 7% to 46.9 billion kronor, though Q1 net profit fell to 2.46 billion …

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31 March

Uniqlo, world’s third-largest apparel player takes another run at the US

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To do so, the retailer is shuttering stores in suburban U.S. malls, in favor of larger locations in cities like Boston and Washington, D.C.  The label’s first attempt at cracking …

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28 March

Aldi, Lidl growth to spark industry change

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But their influence will exceed their reach, experts said Tuesday at the 52nd annual Western Michigan University Food Marketing Conference in Grand Rapids, Mich. In a presentation, Bill Bishop, chief …

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28 March

Red Lobster turns international to grow seafood chain

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Orlando-based Red Lobster hasn’t built a restaurant in the United States for two and a half years, since it was sold by Darden Restaurants to a private investment firm. But …

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28 March

Macy’s inks deal to feature exclusive DKNY merchandise

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The retailer and G-III Apparel Group, Ltd., a manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands, announced on Monday. The exclusivity agreement …

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28 March

Bebe Plans to Shut Its Stores and Focus on Web Sales

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The company is trying to close the locations without filing for bankruptcy, said the people, who asked not to be identified because the efforts aren’t public. However, Chapter 11 may …

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