Kering to purchase minority stake in Chinese luxury brand Icicle
Gucci owner Kering has agreed to acquire a minority stake in Chinese luxury brand Icicle Fashion Group. The deal is…
All articles by Kuldeep Jha
Kuldeep Jha
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Ikea retailer Ingka Group plans to cut 800 jobs in simplification push
IKEA retailer Ingka Group has said it could remove around 800 roles from its Group functions as part of a…
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Australian luxury retailer Zimmermann names new CEO
Australian luxury fashion retailer Zimmermann has named Roberto Eggs as its next CEO, effective 1 May 2026. He will replace…
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French court upholds ruling blocking suspension request against Shein
France’s Court of Appeal in Paris rejected the state’s bid to suspend Chinese online retailer Shein’s marketplace. The decision upholds…
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NRF projects US retail sales to rise 4.4% in 2026
The National Retail Federation (NRF) expects US retail sales in 2026 to increase 4.4% from 2025, reaching $5.6tn. The outlook…
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Mike Ashley’s Frasers acquires nearly 6% stake in Puma
Frasers Group has taken a 5.8% stake in sportswear company Puma, largely through derivatives, according to filings with German authorities.…
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Amazon prepares further layoffs, with retail division among those hit – report
Amazon is planning a new round of corporate job cuts next week as it moves to eliminate approximately 30,000 white-collar…
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Anta Sports weighs Puma bid as Chinese and Japanese rivals circle
Chinese sportswear maker Anta Sports Products is assessing a possible offer for Puma, joining a growing field of potential suitors…
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Best Buy lifts full-year 2025 outlook even as Q3 profit weakens
Best Buy has raised its outlook for the 2026 fiscal year, projecting higher revenue and earnings despite posting weaker profit…
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Kohl’s trims full-year 2025 sales outlook as Q3 earnings weaken
US-based omnichannel retailer Kohl’s has lowered its expectations for full-year 2025 performance after reporting softer sales and earnings in the…