October’s top news stories
Richemont and Alibaba partner for China’s online luxury market Swiss luxury goods group Richemont entered a global strategic partnership with…
All articles by Gujjarlapudi Satish
Gujjarlapudi Satish
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US home improvement retailer Lowe’s to close 51 stores
Home improvement and appliance retailer Lowe’s Companies is planning to close 51 underperforming stores in the US and Canada as…
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Ally increases financing for Carvana to $2.3bn
US-based bank holding company Ally Financial is offering $2.3bn in financing commitments to online used car retailer Carvana to support…
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Sears seeks court approval to sell home improvement business
US-based department store chain Sears Holdings has sought court approval to sell its Sears Home Improvement business (SHIP) through a…
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Amazon to open new fulfilment centre in California, US
Online retailer Amazon has announced plans to open a fulfilment centre in Beaumont, California, which is expected to create more…
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Pet care retailer Greencross agrees to TPG Capital’s buyout offer
Pet care retailer Greencross has agreed to a buyout offer made by global alternative asset firm TPG. To this end,…
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CMA adds two British retailers to Groceries Supply code of practice
The UK Competition and Markets Authority (CMA) has added Ocado Group and B&M Homestores to its list of British retailers…
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Starbucks to open 2,100 new stores globally
Global coffeehouse chain Starbucks has revealed plans to open 2,100 new stores across the globe in 2019. The coffee retailer…
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Co-op deploys JDA category management solutions across 2,500 stores
British consumer-owned co-operative The Co-operative Group (Co-op) has partnered with software and consultancy company JDA Software to deploy a wide…
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RumbleOn completes acquisition of two Wholesale entities
Online motorcycle marketplace RumbleOn has completed the acquisition of two companies Wholesale and Wholesale Express, for an aggregate consideration of…