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Retail News

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22 February

Tesco the first supermarket to reveal gender pay gap details

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Tesco has revealed a gender pay gap of 8.7 per cent, making it the first of the big grocers to report its figures ahead of a government deadline in April. …

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21 February

Albertsons acquires (the rest of) Rite Aid

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This move checks off a few very important boxes for Albertsons. First and foremost, it will allow the company to finally go public. The retailer, which is owned by private …

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21 February

Amazon adds Whole Foods discount for Prime members

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With online giant Amazon having expanded into supermarkets, its loyalty perks program is following right behind. Amazon Prime members who use the Amazon Prime Rewards Visa credit card will now get 5% back …

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19 February

FAO Schwarz to start opening shops in China

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The toy retailer will open locations in Beijing and Shanghai this year through a collaboration with China’s largest toy distributor, Kidsland.  Infacts, Kidsland will also open 30 smaller FAO Schwarz …

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13 February

Amazon’s Delivery Dream Is a Nightmare for FedEx and UPS

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Amazon’s ambition has been in plain sight for years. The company has built its own network of merchandise warehouses and package sorting centers. It enlisted its own airplanes and truck trailers to transport cargo. It registered …

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12 February

Tesco to launch separate discount store to take on Aldi & Lidl

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Tesco is understood to be developing a new discount store in order to take on industry disruptors Aldi and Lidl. According to The Sunday Times, UK’s biggest retailer is set to launch …

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09 February

Asda to invest £20m to fight food poverty

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Asda has announced plans to invest at least £20 million into a partnership with charities to help more than one million people out of food poverty in the next three …

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06 February

Alibaba Buys Stake in Wanda Film in $1.2 Billion Share Sale

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Alibaba Group Holding Ltd. has agreed to buy a stake in Dalian Wanda Group Co.’s cinema operator as billionaire Wang Jianlin’s real estate-to-entertainment conglomerate turns to another Chinese tech giant and …

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05 February

Starbucks’ Rewards scheme forms the basis of a digital currency

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The growing number of mobile transactions Starbucks is processing has led it to look at how blockchain technology could soon “form the basis of a digital currency with real consumer …

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01 February

Walmart in talks to buy minority stake in India’s Flipkart

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U.S. retailer Wal-Mart Stores Inc is in advanced talks to buy a minority stake in Indian e-commerce firm Flipkart, Indian financial daily the Economic Times reported on Tuesday. Walmart could …

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