Next lifts full-year profit outlook after strong Christmas trading
British fashion retailer Next has raised its profit forecast for the year ending January 2026 after reporting stronger-than-expected full-price sales…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Claire’s and The Original Factory Shop face administration, 2,550 jobs at risk
Retail groups Claire’s and The Original Factory Shop are close to entering administration after their owner, Modella Capital, said insolvency proceedings…
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Carrefour to enter Ethiopia via franchise and supply agreement
French supermarket group Carrefour has announced plans to enter the Ethiopian market through a franchise and supply partnership. The group…
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US judge allows Amazon Covid-era price gouging lawsuit to proceed
A US federal court has refused Amazon’s motion to dismiss a proposed class-action lawsuit accusing the retailer of charging excessive…
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Next weighs bid for LK Bennett brand assets
British fashion retailer Next is considering a cut-price approach for the brand and intellectual property of struggling womenswear label LK…
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Klépierre acquires Casamassima mall in southern Italy
France-based Klépierre has purchased Casamassima, a shopping centre in the Bari metropolitan area of southern Italy. Financial terms of the…
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SPAR Group names Jean Richer to lead North American sales and marketing
US-based merchandising and retail solutions provider SPAR Group has promoted Jean Richer to head of North American sales and marketing.…
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Saks Global seeks $1bn loan as CEO role changes hands
Saks Global is in discussions to arrange as much as $1bn in financing to support day-to-day operations as it prepares…
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Jasiway widens retail reach with multi-channel expansion
Furniture brand and retailer Jasiway has announced a multi-channel expansion that widens its retail distribution and refines its brand structure.…
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Asda appoints Cal Corcoran as group chief information officer
British supermarket chain Asda has appointed Cal Corcoran as group chief information officer. Corcoran is due to take up the…