Nordstrom plans to cut up to 400 jobs
Nordstrom plans to cut between 350 and 400 jobs by the end of Q2 this year.The company stated that it…
All articles by Umesh Ellichipuram
Umesh Ellichipuram
-
-
Conforama Investissement buys 19.5% stake in Darty
Conforama Investissement 2 SAS has purchased a 19.5% stake in Darty, as well as raised its cash offer for the…
-
Le Chateau plans to shut 40 stores by 2019
Montreal-based apparel retailer Le Chateau intends to shut down around 40 more outlets across Canada over the next three years.…
-
Vestis files for bankruptcy protection
US-based Vestis Retail Group has filed for bankruptcy protection. According to the retail firm, this move has been taken to…
-
Alibaba invests in Chinese food delivery startup Ele.me
Chinese online retail company Alibaba has invested $900m in food delivery start-up Ele.me.The food delivery service start-up secured an additional…
-
Target to increase minimum hourly wage to $10 in US
US discount retailer Target is set to increase its minimum wage to $10 an hour, after other firms made similar…
-
CVC and partners abandon J Sainsbury takeover plan
A consortium comprising private equity group CVC and the Qatar state wealth fund had dropped its plan to bid for…
-
Primark opens first store in Italy
Ireland-based fashion retailer Primark has launched its first store in Italy, in the city of Milan.The new store is located…
-
Target plans to shift Geelong headquarters to Melbourne
Target Australia plans to close its Geelong centre and relocate to Melbourne, which is likely to result in up to…
-
Vente-privee.com acquires Privalia to expand in Europe
French ecommerce firm Vente-privee.com has acquired Spanish online retailer Privalia, as part of its strategy to expand in Europe.The acquisition…