Saks Global bankruptcy drives nine additional store closures
Saks Global plans to close nine additional outlets and most standalone Fifth Avenue Club suites as it concentrates its luxury…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Kroger names Greg Foran as CEO, Sargent remains chairman
US grocery retailer Kroger has appointed Greg Foran as its CEO with immediate effect, ending a board-led search for a…
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Gardner White to open nine stores across Michigan and Ohio
Gardner White plans to open nine additional locations across Michigan and Ohio, US, with the first openings due to start…
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Uber to acquire Getir delivery business in Türkiye for $335m
Uber Technologies and Mubadala Investment Company have reached an agreement for Uber to purchase Getir’s delivery portfolio in Türkiye. Uber…
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LVMH appoints Courtois and Arnault to executive committee
French luxury group LVMH has added Véronique Courtois and Antoine Arnault to its executive committee as part of organisational changes.…
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Under Armour widens loss outlook as tariffs bite
US-based sportswear group Under Armour posted a third-quarter revenue fall and deepened its full-year loss outlook, blaming weaker North American…
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Morrisons explores £1bn property-backed financing options – report
British supermarket chain Morrisons is considering a property-backed financing deal that could unlock up to £1bn ($1.36bn). The grocer has…
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Co-op renews five-year logistics deal with Buffaload
British co-operative retailer Co-op has agreed a new five-year logistics contract with Cambridgeshire-based haulier Buffaload. Under the contract, Buffaload will…
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Ocado weighs up to 1,000 job cuts – report
UK-based Ocado is considering cutting as many as 1,000 roles as part of a renewed drive to curb costs after…
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Ralph Lauren beats holiday forecasts and raises full-year outlook
US luxury retailer Ralph Lauren Corporation reported stronger holiday-quarter earnings and upgraded its annual outlook after sales growth and margin…