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Retail News

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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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29 September

Wal-Mart in talks to buy stake in Flipkart

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Wal-Mart Stores Inc. is in discussions with Flipkart Ltd., India’s largest e-commerce company by sales, about investing in the startup, according to a person familiar with the situation. If the two sides agree on some …

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22 September

Puma accelerates Australian expansion

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Global sporting brand Puma has announced it will open its first Forever Faster flagship store in New South Wales at Westfield Chatswood. It follows the launch of its debut Forever Faster store at Melbourne …

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20 September

Lidl’s expansion plans in the US

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A new wave of European grocery stores is about to invade the US. The German supermarket chain Lidl is gearing up to open stores in dozens of cities along the …

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19 September

Mark & Spencer pilots in-store click-and-collect lockers

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M&S launched the trial at its Teddington Simply Food store. It will run until the end of the year, and M&S has not yet revealed whether there will be a roll-out. …

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16 September

Ikea targeting China and India in bid to increase sales

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Ikea Group laid out plans to accelerate its expansion in China and open its first store in India as the world’s largest furniture retailer seeks to boost sales by almost …

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15 September

Target’s CEO: get ready for hundreds of small stores

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Cornell envisions eventually opening hundreds of smaller “flex-format” stores that could be a major part of Target’s future growth, he told during the company’s fall national meeting at its Minneapolis …

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