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Retail News

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29 January

7-Eleven completes $3.3B purchase after agreeing to divest stores

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7-Eleven Inc. has closed on the acquisition of approximately 1,030 Sunoco LP convenience stores in 17 states. This acquisition is the largest in the company’s history and will bring the …

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26 January

Ikea trials furniture rentals

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There is already a pilot in Japan, where Ikea buys back customers’ used sofas. It then recycles the material and prohibits the sofas from ending up at the dump. In …

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25 January

Toys R Us to close up to 180 stores

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American toy retailer Toys “R” Us is closing 180 U.S. stores after filing for bankruptcy back in September 2017, according to Fortune. The plan is the company’s attempt to recover from years of …

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19 January

The 20 cities Amazon is considering for its second headquarters

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Amazon announced on Thursday a list of 20 cities and municipalities that it is calling finalists to host its second headquarters, or HQ2, though the surprises were few and far …

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17 January

Ferrero buys Nestle’s U.S. candy business for $2.8 billion

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Swiss food and beverage company Nestle is selling its U.S. candy business to Italian confectioner group Ferrero for $2.8 billion in cash, Ferrero announced Tuesday. Ferrero will take control of more than …

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16 January

Whole Foods imposes new rules on shelf space

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Whole Foods Markets is placing new limits on how products are sold in its stores and asking suppliers to help pay for the changes, riling some mom-and-pop vendors that have …

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12 January

Fast Retailing posts record Q1 profit on brisk overseas Uniqlo sales

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Japan’s Fast Retailing Co Ltd raked in an all-time high profit in the first quarter, beating consensus estimate, buoyed by brisk business at its overseas Uniqlo clothing stores. Fast Retailing …

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12 January

Domino’s Pizza’s stock price grew faster than Amazon’s, Apple’s or Google’s

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Domino’s CEO is leaving the pizza chain after executing an impressive turnaround and fixing the chain’s reputation.  The pizza chain announced that president and CEO J. Patrick Doyle would leave the company …

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12 January

Kering to cut Puma stake

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As anticipated, the Pinault family-owned group is withdrawing from the sports-lifestyle segment, announcing its plan to cut its majority stake in Puma to focus on its luxury houses instead.  Also …

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08 January

Aldi’s record Christmas sales boost full year income to £10bn

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Record sales over the Christmas period at Aldi have pushed its full year sales to £10 billion for the first time in the UK. Sales during December were reportedly 15 …

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