Macy’s acquisition bid raised to $6.6bn by investor group
Macy's has received a sweetened takeover bid from an investor group for $6.6bn. The offer, led by real estate investment…
All articles by Luke Martin
Luke Martin
Luke joined GlobalData as a Trainee Reporter in April 2023, having graduated from the University of Manchester with a BA (Hons) degree in History. Initially, Luke wrote for Just Auto, covering the automotive industry, but now writes for Packaging Gateway, Retail Insight Network and Hotel Management Network.
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Ocado and M&S clash over final payment for online JV
A disagreement has arisen between British supermarket chain Marks & Spencer (M&S) and online grocery retailer Ocado regarding a £190m…
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Halfords shares plunge after profit warning
Shares in Halfords, the UK's leading retailer of bicycles and car parts, plummeted more than 25% on Wednesday (28 February)…
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Sainsbury’s opens new supermarket in Southport
Sainsbury's has officially opened its newest supermarket in Meols Cop Retail Park, Southport, UK, offering a comprehensive selection of products…
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Next eyes assets of struggling cosmetics chain The Body Shop
Fashion retailer Next is reportedly in talks with administrators handling the insolvency of cosmetics chain The Body Shop, potentially seeking…
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UK Mother’s Day spending expected to rise despite consumer cost concerns
Despite economic pressures and a focus on finding the best deals, UK shoppers are still expected to spend more on…
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Asda reports progress on gender pay gap, remains below national average
Asda has released its 2023 Gender Pay figures, showing improvement compared to the previous year. The mean pay gap between…
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Lowe’s reports Q4 results for financial year 2023
Lowe's Companies has reported mixed results for the fourth quarter (Q4) of financial year 2023, which ended on 2 February…
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Walmart doubles down on associate upskilling
Walmart is expanding its Live Better U (LBU) education programme to equip its associates with the skills needed to fill…
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Zalando to enhance transparency in product sustainability claims
Zalando, a prominent Germany-based online fashion retailer, has committed to enhancing transparency regarding the environmental characteristics of products offered on…