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Retail News

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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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31 January

H&M moves into the off-price marketplace with Afound

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The rumors have proven to be true – Swedish fashion giant Hennes & Maurtiz is set to launch Afound, an off-price marketplace in 2018. The move sees the H&M group …

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29 January

Nike corre al Nyse

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Non si arresta la corsa di Nike alla Borsa di New York. Dallo scorso ottobre l’azione è cresciuta di oltre il 31%, portandosi oltre i 68 dollari (circa 54,5 euro), …

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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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