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Retail News

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25 July

LVMH Is Selling Donna Karan for $650 Million

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French luxury group LVMH has agreed to sell Donna Karan International to American manufacturing and licensing company G-III Apparel Group in a deal valuing the fashion brand at $650 million, …

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22 July

Sainsbury’s gets all-clear to buy Argos

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The competition regulator has approved the Sainsbury’s £1.4bn takeover of Home Retail Group, which owns Argos, clearing the way for the supermarket chain to become Britain’s biggest seller of general goods. The …

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20 July

Unilever Buys Dollar Shave Club for $1 Billion

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Unilever announced on Tuesday evening that it is getting into the razor business, by agreeing to acquire Dollar Shave Club. No financial terms were disclosed, but multiple sources close to …

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20 July

Zalando Soars as Raised Margin Goal Helps Silence Doubters

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Zalando SE shares rose the most ever in Frankfurt after the German online apparel retailer raised its full-year margin forecast and doused concern over falling profitability. The adjusted Ebit margin for the year will …

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20 July

Sainsbury’s gets all-clear to buy Argos

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The competition regulator has approved the Sainsbury’s £1.4bn takeover of Home Retail Group, which owns Argos, clearing the way for the supermarket chain to become Britain’s biggest seller of general goods. The …

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19 July

This Newly Approved Merger Will Create France’s Largest Electronics Retailer

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France’s competition authority on Monday approved plans by French music and book chain Fnac to take over consumer electronics retailer Darty. The regulatory decision means that the two companies will …

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18 July

Retail Sales in U.S. Climb More Than Forecast in Broad Advance

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Sales at U.S. retailers rose more than forecast last month in a broad advance that shows consumers delivered for the economy in the second quarter. The 0.6 percent increase in …

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18 July

Off-Price Retailers need not fear Amazon

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All manner of retailers are losing sleep over Amazon — but not the off-price players. These days, two-thirds of consumers buy their duds at off-price retail chains likeT.J. Maxx and Nordstrom JWN -0.56% Rack, according to a …

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14 July

Startups need to respect the laws of retail physics

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Startups like Warby Parker, Bonobos and Casper have proven that it’s possible to build a modern brand predominately using digital tools. As a result, a flood of early-stage tech VCs have barged into …

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13 July

Steinhoff gets its European deal with $800 mln Poundland buy

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South African retailer Steinhoff (SNHG.DE) has agreed to pay nearly $800 million for British-based discount chain Poundland (PLND.L) after two previous attempts to expand in Europe fell through this year. The $23 …

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