Walgreens agrees to buy Rite Aid pharmacy chain for $17.2bn
Walgreens Boots Alliance, a US-based drug retailer, has signed an agreement to purchase retail pharmacy chain Rite Aid Corporation for…
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Walmart seeks FAA permission on drone use for delivery services
Walmart has sought permission from US regulators to test drones for home delivery, checking warehouse inventories and curbside pickup. For…
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Apple to open stores in India’s Croma retail chain
Apple Stores are set to open in India under a partnership with Tata-owned consumer electronics brand retail chain Croma at…
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Cymax online furniture retailer raises $25m
Cymax intends to use the funds to strengthen its online retail business with the launch of ecommerce platform and technology…
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Uniqlo limits store expansions in US
Fast Retailing, a Japanese apparel retailer that owns Uniqlo stores, is cutting down its expansion plans in the US, after…
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Aditya Birla to launch new online fashion store, abof.com
Indian conglomerate Aditya Birla Group plans to launch its online fashion store abof.com in the next 30 days to compete…
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Supermarket Whole Foods to lay off 1,500 jobs
American supermarket chain Whole Foods market has announced the lay off 1,500 jobs over the next two months.Whole Foods who…
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Fung Group inaugurates retail business model testing platform in China
Hong Kong-based retailer and supply chain manager Fung Group has rolled out retail business model testing platform in Shanghai, China,…
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Flipkart buys back its logistics business Ekart in India
Before the speculated initial public offering (IPO), India-based online retailer Flipkart has re-acquired its logistics service firm from WS Retail,…
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Taiwan’s Foxconn may invest in Indian online retailer Greendust
Taiwanese contract manufacturer Foxconn Technology is reportedly planning to invest $65-$70m in refurbished goods online retailer Greendust. Greendust is a…