Multinational sportswear retailer Adidas has reported a 27% rise in currency-neutral revenues to €5.27bn in the first quarter of this year, compared to €4.4bn in the same quarter of last year.
UK-based supermarket chain Asda has launched its first fleet of new delivery vans intended to reduce carbon emissions and the number of miles driven.
Alibaba Group has formed a strategic alliance with Hong Kong-based Fung Group’s retail arm to bolster the in-store and online offering of international lifestyle brands in China.
Supermarket chain Schnuck Markets has signed an agreement to buy 19 Shop ‘n Save stores from US-based retailing company Supervalu.
European online beauty retailer Feelunique has entered a partnership to launch a Chinese e-commerce platform Secoo.
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American department store chain Macy’s has entered a partnership with social media site Facebook to bring approximately 150 e-commerce brands to nine The Market @ Macy’s locations.
Lookers has reached an agreement to acquire Jennings Motor Group to further expand its motor retailing business.
British supermarket chain Waitrose & Partners has decided to phase out single-use plastic bags from its loose fruit and vegetable aisles by March 2019.
Lithuanian retailer Maxima Grupė has secured €40m investment from the European Bank for Reconstruction and Development (EBRD) for its €300m five-year bond issue.
India’s Aditya Birla Fashion and Retail Ltd (ABFRL) has expanded its existing relationship with tech giant IBM with a strategic ten-year services agreement.