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Retail News

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13 October

Amazon to expand grocery business with new convenience stores

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Amazon.com is pushing deeper into the grocery business with plans to introduce convenience stores as well as curbside pickup locations. The Seattle company aims to build small brick-and-mortar stores that would …

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11 October

Ikea ready to open its first store in India

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For the Swedish flat-pack furniture company Ikea, which plans to open its first store in India next year after a long battle, one of the biggest challenges it faces is …

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11 October

Spielberg and Alibaba in global movie tie-up

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Alibaba Pictures Group, the film arm of China’s internet giant Alibaba Group Holding, has joined with Steven Spielberg’s Amblin Partners to jointly produce, distribute films for audiences both globally and …

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10 October

McDonald’s nears deal to sell Singapore, Malaysian franchise to Saudi group

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McDonald’s Corp is set to agree a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia’s Reza group for up to $400 million, as part …

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10 October

Euro Garages set to trial Sainsbury’s stores

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Euro Garages is set to trial introducing Sainsbury’s convenience stores to its motorway service stations as the Blackburn-headquartered company eyes further growth after recently securing a private equity investment that …

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07 October

What retailers can learn from J.C. Penney & Lands’ End’s turnaround

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Retailers are no strangers to the brand revitalization process: Target, J. Crew, RadioShack and Burberry are just a few of the companies who have overhauled their images in recent years, …

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07 October

Target goes after Millennials with small focused stores

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The chain is opening several smaller stores in urban areas and college towns from New York City to State College, Pa., as it battles declining traffic and sales at its …

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05 October

LVMH buys 80 percent of German luggage group Rimowa

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LVMH agreed to take over suitcase maker Rimowa for €640 million ($716 million) and will put Alexandre Arnault in charge of the group’s first German asset, a sign that Bernard Arnault is expanding …

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05 October

Toys R Us sells iconic FAO Schwarz brand

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ThreeSixty Group, a company that designs and distributes toys and other consumer products, said Tuesday that it acquired the 154-year-old toy retailer, which had been owned by Toys R Us …

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03 October

Sears offers Shop Your Way points to Uber riders

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Member-centric retail models are nothing new, though with the success of Costco, Sam’s Club and Amazon Prime, among others, more retailers have tried to put a special focus on membership programs …

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