All articles by Soumya Sharma

Soumya Sharma

Sainsbury’s to invest £200m in colleagues’ hourly pay increase  

The retailer claims it has invested more than £500m into staff pay over the last three years.

Consortium to own 53.7% of Casino’s capital post-restructure

Upon completion of the plan, existing shareholders will own 0.3% of share capital.

US retail sales rise 3.1% during 2023 holiday season

Online and in-store retail sales in the US were up 6.3% and 2.2% YoY, respectively.

US Court temporarily lifts ITC’s import ban on Apple watches

From 27 December, Apple has resumed sale of Series 9 and Ultra 2 watches across 270 US retail locations.

WHP Global completes acquisition of G-Star RAW brand

WHP has also signed a licence agreement with Fashioncenter to expand its Lotto brand in Central Europe.

Felleskjøpet, StrongPoint partner on new electronic shelf labels

Implementation of these new solutions will start in early 2024 and is set to complete by 2025.

IKEA introduces AI-driven demand sensing technology

Demand sensing tool is a key part of IKEA’S omnichannel strategy and helps in examining short-term demand patterns.

The Home Depot’s net earnings decline 12.2% in Q3 2023

Net sales for the current year’s Q3 were down by 3% to $37.71bn from $38.87bn in Q3 FY22.

Kingfisher rolls out AI-powered DIY assistant for home improvement

Customers can use its multi-lingual assistance to get answers to all their DIY home improvement queries.

PVH to sell Warners, Olga, True & Co brands to Basic Resources

This move supports PVH’s strategy to strengthen its core brands – Calvin Klein and Tommy Hilfiger.