IKEA reveals plan to develop new global hub in India
Swedish furniture retailer IKEA is boosting its operations in India with plans to develop a new global hub in the…
18 Sep 2020
Herman Miller to expand retail presence with first concept stores reveal
Global designer and furniture company Herman Miller has revealed plans to enhance its retail presence with new concept stores. The first new retail destinations will be entirely dedicated to home…
17 Sep 2020
US retail sales rise 2.6% in August over last year: NRF report
The National Retail Federation (NRF) data reveals that US retail sales have increased 2.6% in August year-over-year. The sales figures, excluding automobile dealers, gasoline stations and restaurants, increased 0.1% seasonally…
17 Sep 2020
HUGO BOSS to use Toshiba’s point-of-sale solutions and services
German luxury fashion company HUGO BOSS has selected Toshiba Global Commerce Solutions to offer its customers a better in-store experience. The retailer will be using Toshiba’s TCx 800 to upgrade…
17 Sep 2020
Waitrose plans to shut four shops, to sell Wolverhampton supermarket
UK supermarket chain Waitrose has revealed plans to shutter four underperforming shops leaving more than hundreds at the risk of losing jobs. The move is part of the retailer’s on-going…
17 Sep 2020
Walmart’s Flipkart prepares for potential IPO overseas in 2021
Indian e-commerce retailer Flipkart is reportedly getting ready for a potential initial public offering (IPO) overseas in 2021. Reuters reported citing sources familiar with the company's plans as saying that…
16 Sep 2020
US department store chain Kohl’s cuts around 15% corporate jobs
US department store chain Kohl's has revealed that it reduced its corporate workforce by nearly 15%. This action will generate annual expense savings of approximately $65m as per a regulatory…