Claire’s to open dedicated retail spaces in 20 Macy’s stores
Multinational fashion brand Claire's has become the latest omnichannel retail partner for US-based department store chain Macy’s. As part of…
30 Nov 2022
US Retail Holdings agrees to acquire 29 Wag ‘N Wash stores
US Retail Holdings, the multi-unit operator of pet retailer Pet Supplies Plus (PSP), has entered an agreement to buy 29 Wag 'N Wash stores. Wag N' Wash is a full-line…
30 Nov 2022
H&M to cut 1,500 jobs in global cost and efficiency programme
Swedish clothing retailer Hennes & Mauritz (H&M) has laid off approximately 1,500 workers in an effort to cut its operating expences. The move is the first step of the company’s…
29 Nov 2022
CBI survey shows decline in sales volumes during November
Sales volumes in the UK have declined this month after improving in October, according to the Confederation of British Industry’s (CBI) latest monthly Distributive Trades Survey. The survey showed that…
29 Nov 2022
Ahold Delhaize aims to reduce CO₂ emissions by 37% by 2030
Dutch food retailer Ahold Delhaize has updated its carbon emissions reduction target for its entire value chain. The retailer aims to reduce its carbon dioxide (CO₂) emissions by at least…
29 Nov 2022
Pinduoduo posts 65% revenue growth for third quarter of FY22
Chinese e-commerce retailer Pinduoduo has reported total revenue of RMB35.50bn ($4.99bn) for the third quarter (Q3) of fiscal 2022 (FY22), up by 65% from the same period of fiscal 2021…
28 Nov 2022
Primark plans £140m investment in its UK store estate
Irish fashion retailer Primark, a subsidiary of Associated British Foods, has announced plans to invest £140m ($168.5m) in its UK store portfolio over the next two years. The retailer will…