Carrefour’s new CEO pledged to slash costs, step up investment in e-commerce and open up the capital of Carrefour China to local investors, as part of a plan to boost growth at the world’s second-largest retailer.
Plus size and menswear growth, a US sales surge, and good online sales drove omnichannel retailer N Brown to a pleasing Q3 and record-breaking Christmas period. And a new Zalando deal should drive sales even higher.
Britain’s Ocado has sealed a deal to allow Canada’s second largest food supermarket group Sobeys to use its e-commerce platform, sending the British online retailer’s shares up 28 percent on the new international tie-up.
True Fit, a data-driven personalisation platform for apparel and footwear, has unveiled a new $55 million Series C investment, led by Georgian Partners with participation from several existing investors.
Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.
Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail.
U.S. Customs and Border Protection (CBP) at Washington DC's Dulles International Airport seized 400 pairs of fake Air Jordan sneakers. If authentic, the sneakers would have had a street value of approximately $55,000.
Amazon has short-listed 20 metropolitan areas, including one in Canada, to build its second headquarters after reviewing 238 proposals. Toronto's inclusion, however, could upset relations with US President Trump.
Navigating consumer sensitivities can be a minefield for brands and retailers these days and having fallen foul of racism accusations, Swedish retail giant H&M has now appointed a global head of diversity for the chain.
Primark remained the star brand in owner ABF's portfolio in the Christmas trading period, despite some tough times in Europe early in the season. It was helped by UK strength and a European recovery after a weak October.
Uniqlo has just announced that it will this year open in giant rival H&M’s backyard with a debut in Sweden. It will actually be its first entry in the Nordics region and will start with a store in key market Stockholm.