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Retail News

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27 March

Lidl and ALDI expanding UK presence

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German-owned discount supermarkets Aldi and Lidl are plowing ahead with a rapid expansion in Britain and are on course to grab more market share from the traditional big four players. …

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22 March

Puma to reenter basketball market

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German sportswear brand Puma plans to rejoin the basketball market as it makes a push to grow in the United States and China and bring its profitability closer to that …

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19 March

Tiffany’s same-store sales, forecast disappoint

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Tiffany & Co (TIF.N) missed analysts’ estimates for same-store sales in the fourth quarter and forecast a tepid full-year profit, indicating that its efforts to turn its business around are …

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16 March

Nostalgic shoppers shed tears over Toys R Us’ demise

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Toys R Us will move forward with liquidating its entire U.S. business, closing hundreds of stores as a result. The news has sparked an outpouring of emotion, some devastation, that the childhood-favorite toy …

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15 March

Walmart expands home delivery in fight with Amazon

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Walmart Inc will expand its grocery home delivery services to reach more than 40 percent of U.S. households, or 100 metro areas from an existing six, as the retailer steps …

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14 March

Adidas Sales Growth Picks Up

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 Adidas sent a message to investors who had feared a hard landing for the company’s growth story: There’s plenty of life left in those old sneakers. Revenue at the German …

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13 March

Prada Sees Growth Ahead Despite Profit Drop

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Learning from past mistakes is paying off at Italian luxury goods maker Prada, which said on Friday it would return to growth this year after stemming a sales slide in …

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12 March

Walmart moves into the mattress business with new brand

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Walmart is starting its own mattress and bedding brand that will be sold exclusively online, part of the giant retailer’s effort to bolster its e-commerce business. The new line, which …

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12 March

Toys R Us said to be preparing for liquidation

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Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt US operations after so far failing to find a buyer or reach a debt restructuring deal with …

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09 March

Uber Is Getting Into Healthcare With A Special Ride Service

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It looks like Uber wants in on every possible transportation market. Following its launch of Uber Express Pool for commuters last month, the ride-hailing app recently released a new line specifically for healthcare providers …

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