All articles by Divya Tirumalaraju
Adidas records 27% growth in first-quarter revenues
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.
Asda introduces sustainable vans to deliver grocery
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 and Fung Retailing to boost international lifestyle brands in China
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 Schnucks to acquire 19 Shop ‘n Save outlets
Supermarket chain Schnuck Markets has signed an agreement to buy 19 Shop ‘n Save stores from US-based retailing company Supervalu.
Feelunique to launch on Chinese e-commerce platform Secoo
European online beauty retailer Feelunique has entered a partnership to launch a Chinese e-commerce platform Secoo.
Macy’s partners with Facebook to bring 150 e-commerce brands to stores
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.
UK motor retailing business Lookers to purchase Jennings Motor Group
Lookers has reached an agreement to acquire Jennings Motor Group to further expand its motor retailing business.
UK retailer Waitrose to phase out single-use plastic bags by March 2019
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 secures investment from EBRD
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 ABFRL taps IBM automation tech to gain operational efficiency
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.