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 …
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 …
etailers are bracing for a fresh wave of store closings in 2018 that is expected to eclipse the rash of closings that rocked the industry last year. “Landlords are panicking,” …
It’s a hard time for retailers. Though several companies held on by experimenting with new strategies and investing in technology, others weren’t so lucky. The rise of e-commerce, increased competition from direct-to-consumer …
In 2017, Western luxury brands embarked on a migration in an eastern direction. To drive revenue, they had to more aggressively tap into the one region that has showed consistent sales growth, …
Whenever the name Enron or Northern Rock is mentioned, it’s tough not to look back and think in hindsight how obvious the signs were. But of course, only a brave …
As Amazon.com looks to upend the U.S. grocery market with home delivery, some veteran supermarket operators are betting on a different strategy: curbside pickup. Americans have long loved the convenience …
In the wake of quarterly sales falling 12% and ongoing financial loss, struggling retailer J.Crew will be closing its twenty one year old SoHo flagship in NY. Business Insider has …
Unibail-Rodamco SE, Europe’s largest commercial landlord, agreed to buy Australia’s Westfield Corp. for about A$21 billion ($15.8 billion) in the biggest property acquisition since 2013 as declining store sales push …
To fend off e-commerce competition, stores are trying harder to create better customer experiences, but a new study shows many miss what’s most important to consumers. Reputation.com says that Lego, …