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Card Factory posts 11.5% group revenue growth in HY24
UK greeting cards and gifts retailer Card Factory has reported a total revenue of £220.8m ($268.89m) in the first half …
Burlington Stores announces Q2 2023 results
Burlington Stores, a well-known off-price retailer, released its financial results for the second quarter ending on 29 July 2023. The US-based …
Aldi boasts record sales amid changing shopping trends
Aldi has declared that the way people shop for groceries in Britain has undergone a significant transformation due to the …
Target to close nine US stores due to rising retail crimes
US-based retail corporation Target has decided to close nine stores across four US states in response to the rising cases …
FTC and 17 US states sue Amazon in illegal monopoly case
The US Federal Trade Commission (FTC) and attorneys general of 17 states have sued Amazon over allegations of illegally maintaining …
ASOS posts 15% YoY sales decline in fourth quarter FY23
UK-based online fashion and cosmetic retailer ASOS has reported that its sales declined 15% year-on-year (YoY) in the fourth period …
Amazon and Anthropic partner for safer AI
In a joint press release, Amazon and Anthropic have revealed their strategic collaboration aimed at advancing the development of Anthropic's …
Stockmann evaluates strategic alternatives for department stores
Finland-based retailer Stockmann is exploring strategic alternatives for its department stores business and considering a name change to Lindex. In late …
B Riley agrees to acquire 3.7 million bebe shares for $18.5m
Diversified financial services platform B Riley has entered an agreement to increase its investment in women’s clothing and accessories retailer …
Retailers must offer video chat to satisfy UK consumers
A new survey by retail solutions provider Stellar Global has shed light on the increasing significance of video chat in …
US cannot return China’s e-commerce market penetration
Chinese companies are competing in the US e-commerce market in a way that is not true in reverse, a new …
Charity retailer wins top prize at People in Retail Awards 2023
Held on 21 September at the Marriott Hotel in London’s Grosvenor Square, the People in Retail Awards celebrated those who …
CBI survey shows UK retail sales decline eases in September
UK retail sales volumes in the year to September 2023 have fallen for a fifth consecutive month, according to the …
Amazon workers at KSBD demand better pay and safer conditions
Workers of e-commerce giant Amazon at KSBD, the company's regional air hub in Southern California, have delivered a petition calling …
Signal: Chinese start-up Temu chips away at Amazon’s market share
Temu’s garish orange packages are becoming an increasingly common sight in couriers’ delivery consignments as inflation-weary consumers lap up the …