Ikea’s parent appoints JLL to sell eight China retail sites – report
Ingka Group, which holds Ikea's retail operations, has appointed property consultancy JLL as the sole sales agent for eight retail…
21 Jul 2026
Homeplus rehabilitation case delayed to September after court appeal
South Korea's Seoul Bankruptcy Court has reversed its earlier decision to terminate Homeplus' corporate rehabilitation proceedings, extending the case until 4 September after the discount retailer filed an appeal. The…
21 Jul 2026
Womenswear retailer Reformation launches IPO targeting up to $239m
Permira-backed womenswear retailer Reformation has launched its initial public offering, aiming to raise as much as $239m. The company is offering 14.06 million shares of common stock priced between $15…
21 Jul 2026
EU fines Chinese company AliExpress €550m over sale of illegal goods
The European Commission (EC) has fined online retail marketplace AliExpress €550m ($628.06m) over failures to meet Digital Services Act (DSA) risk-assessment duties tied to counterfeit, unsafe and illegal goods. According…
20 Jul 2026
UK retailers issue five profit warnings in Q2 amid Middle East conflict
Retailers on the Financial Times Stock Exchange (FTSE) issued five profit warnings during the second quarter (Q2) of 2026, an increase from three in Q1, according to the latest 'Profit…
20 Jul 2026
Reliance Retail revenue up 7.4% in Q1 FY27, profit falls 14.2%
India’s Reliance Retail has reported consolidated gross revenue of Rs904.08bn ($9.38bn) for the quarter ended 30 June 2026, marking a 7.4% year-on-year (YoY) increase. The company attributed top line growth…
20 Jul 2026
Burberry sales climb 5% in Q1 as US and China drive growth
UK luxury retailer Burberry has posted a 5% rise in comparable retail sales for its first quarter, with the Americas and Greater China providing the strongest momentum. Retail revenue for…