Sears Holdings receives US court approval for $350m bankruptcy loan
US-based department store chain Sears Holdings has reportedly received approval from the US Bankruptcy Court for the Southern District of…
All articles by Gujjarlapudi Satish
Gujjarlapudi Satish
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H&M intends to close down fashion brand Cheap Monday
Swedish fashion retailer Hennes & Mauritz (H&M) has confirmed that it intends to close down its skinny jeans brand Cheap…
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Luxury retailer Kering announces new digital initiatives
Global luxury group Kering has announced new initiatives to strengthen its omnichannel capabilities and further develop digital activities. As part…
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Robinsons Retail acquires Rustan Supercenters for $344m
Philippines’ multi-format retailer Robinsons Retail Holdings (RRHI) has completed an acquisition of food retail business Rustan Supercenters (RSCI) from Mulgrave…
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Sports Direct founder to close 17 stores across UK
Sportswear retailer Sports Direct International owner Mike Ashley is reportedly planning to close 17 stores located in Intu Properties owned…
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OnCost Cash and Carry buys supermarket chain Gulfmart in Kuwait
Kuwait-based wholesale membership retailer OnCost Cash and Carry has reportedly completed the acquisition of supermarket chain Gulfmart. Established in 1999,…
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Study finds 15% of Australian retailers offer same day shipping
An independent study has found that only 15% of Australian online retailers offer same day shipping option to their customers.…
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7-Eleven offers Alipay and WeChat Pay mobile payment options in Canada
American convenience store chain 7-Eleven has partnered with mobile payment company Citcon to offer Alipay and WeChat Pay mobile payment…
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Gap considers closing hundreds of namesake stores globally
US fashion retailer Gap is reportedly planning to shut hundreds of its own-branded stores globally in a move to reduce…
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GameStop to sell Spring Mobile division to Prime Communications for $700m
US-based consumer electronics and wireless services retailer GameStop has signed a definitive agreement to divest its Spring Mobile business to…