New News information at Retail Insight Network New and updated information from News listed on en-us New News information at Retail Insight Network Lowe’s closes Maintenance Supply Headquarters acquisition for $512m US-based home improvement firm Lowe's Companies has completed its previously announced $512m acquisition of Maintenance Supply Headquarters, which operates distribution centres. Tue, 27 Jun 2017 23:00:00 GMT Forever 21 chooses Toshiba for retail technology services Retail point-of-sale (POS) technology provider Toshiba Global Commerce Solutions is set to provide wall-to-wall client services and equipment to US fashion retailer Forever 21’s corporate stores in 16 countries. Tue, 27 Jun 2017 23:00:00 GMT UK’s Yoyo Wallet secures investment for business expansion UK-based mobile payment and customer engagement start-up Yoyo Wallet has secured a £12m investment through a Series B round, which was supported by German retail company Metro Group’s venture arm Horeca. Tue, 27 Jun 2017 23:00:00 GMT Tesco launches one-hour delivery service UK-based grocery and general merchandise retailer Tesco has launched a one-hour delivery service for shoppers in central London. Mon, 26 Jun 2017 23:00:00 GMT L1 Retail to acquire Holland & Barrett for £1.77bn L1 Retail has agreed to purchase UK-based health and wellness retail chain Holland & Barrett from Nature’s Bounty and Carlyle Group for £1.77bn. Mon, 26 Jun 2017 23:00:00 GMT Cin7 integrates inventory management solutions with Walmart Marketplace Cloud-based inventory management solutions provider Cin7 has integrated its product suite with the Walmart Marketplace to offer improved order handling services to retailers. Mon, 26 Jun 2017 23:00:00 GMT Nordstrom Rack to open in Glendale, US US-based fashion retailer Nordstrom is planning to open a new 26,800ft² Nordstrom Rack store at Bayshore Town Center in Glendale, Wisconsin, next year. Sun, 25 Jun 2017 23:00:00 GMT Verifone unveils new mobile and portable payment solutions for retailers US-based payment solutions provider Verifone has launched two new mobile point-of-sale (mPOS) products, in order to provide portable payment solutions to retail merchants. Sun, 25 Jun 2017 23:00:00 GMT Sears Canada to shut 59 stores and cut 2,900 jobs Sears Canada is set to close 59 stores and axe 2,900 positions as part of a court-supervised restructuring plan. Thu, 22 Jun 2017 23:00:00 GMT Online marketplace Etsy to slash 140 more jobs US-based artisan and handmade goods online marketplace Etsy is set to cut around 140 positions or approximately 15% of its current workforce. Thu, 22 Jun 2017 23:00:00 GMT Deals this week: Casper Sleep, Modacruz Elektronik Hizmetler ve Ticaret, Zalando Mattress and bedding manufacturer Casper Sleep has closed a series C round of funding to raise $170m. Thu, 22 Jun 2017 23:00:00 GMT Action deploys Bamboo Rose retail solution for improved sourcing Dutch discount store chain Action has chosen the Bamboo Rose product lifecycle management (PLM) and sourcing platform in order to develop its international business. Thu, 22 Jun 2017 23:00:00 GMT M&As this week: BBX Capital Corporation, Tokyo Base, Signa Retail BBX Capital Corporation has acquired a 93% stake in US-based candy retailer IT'SUGAR for $57m in cash. Thu, 22 Jun 2017 23:00:00 GMT Brandleap unveils new distributed e-commerce service for retailers US-based start-up Brandleap has unveiled a distributed e-commerce platform, which enables brands and brick and mortar (B&M) retailers to compete with online sellers. Wed, 21 Jun 2017 23:00:00 GMT The Children’s Place signs agreement to expand in South-East Asia US-based speciality apparel retailer The Children’s Place has signed a development agreement with Gill Capital in Singapore to expand its presence in South-East Asia. Wed, 21 Jun 2017 23:00:00 GMT China’s to invest $397m in fashion retailer Farfetch Chinese e-commerce firm has announced plans to invest $397m in UK online fashion retailer Farfetch, as part of a strategic partnership. Wed, 21 Jun 2017 23:00:00 GMT lululemon athletica and 7mesh to develop advanced technical apparel Canadian companies lululemon athletica and 7mesh Industries have entered a partnership to jointly develop advanced technical apparel. Tue, 20 Jun 2017 23:00:00 GMT Fashion retailer N Brown to shut down five stores UK fashion retailer N Brown Group is set to close up to five loss-making Simply Be and Jacamo dual-fascia stores by the end of August, due to declining footfall. Tue, 20 Jun 2017 23:00:00 GMT Sprint to open 78 new stores in South California, US US-based communications services company Sprint is planning to expand its footprint in southern California, with the addition of 78 new stores by the end of the year. Tue, 20 Jun 2017 23:00:00 GMT BBX Capital acquires US candy retailer IT'SUGAR Investment holding company BBX Capital has acquired US-based speciality candy retailer IT'SUGAR for $57m. Mon, 19 Jun 2017 23:00:00 GMT