Fast Retailing reports 10.4% revenue growth in Q1 FY25
Japanese clothing brand UNIQLO’s parent company Fast Retailing has posted strong results for the first quarter (Q1) of fiscal 2025 …
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M&S reports 5.6% total sales surge in Q3 2024/25
UK-based fashion retailer Marks & Spencer (M&S) has registered total sales increase of 5.6% at constant currency, reaching £4.06bn ($4.99bn) …
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Shein targets London IPO by H1 2025 amid challenges
Online fast-fashion brand Shein is targeting to complete the initial public offering (IPO) in London by mid-year, reported Reuters citing …
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UK retailers brace for rising costs and inflation in 2025
The UK retail landscape is undergoing a period of transformation as businesses grapple with shifting economic realities. From the rising …
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Macy’s confirms closure of 66 stores under revitalisation plan
US departments store chain Macy's has confirmed the impending closure of 66 of its stores, marking a decisive step in …
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JCPenney, SPARC Group unite to establish Catalyst Brands
American department store chain JCPenney has joined forces with Aéropostale brand owner SPARC Group to establish a new entity, Catalyst …
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UK shop price deflation intensifies in December 2024
Shop price deflation in the UK accelerated to 1% in December 2024, up from 0.6% in November, according to the …
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SPAR survey finds in-store AI benefits shoppers and retailers
A survey conducted by SPAR Group has revealed that the integration of AI within retail environments brings benefits to both …
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Albertsons’ Q3 FY24 net sales growth fuelled by identical sales
US supermarket chain Albertsons Companies has reported a 1.2% increase in net sales and other revenue, reaching $18.77bn for the …
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Sexual harassment claims resurface at McDonald’s
In spite of promises of reform from McDonald’s UK boss Alistair Macrow, allegations of harassment and abuse continue to emerge …
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Japan cites security concerns over potential Seven & i acquisition
Japanese Economy Minister Ryosei Akazawa has addressed the potential acquisition of retail conglomerate Seven & i by a foreign entity, …
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0.8% rise in Australia’s November 2024 retail turnover boosted by Black Friday
The Australian retail sector witnessed an uptick in November 2024, with the Australian Bureau of Statistics (ABS) reporting a seasonally …
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KKR weighs up sale of Japanese supermarket chain Seiyu
American private equity company KKR is contemplating the divestment of its majority stake in Seiyu, a Japanese supermarket chain, as …
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Carrefour ceases operations in Oman
French multinational retail giant Carrefour has officially terminated its operations in the Sultanate of Oman. No specific reasons have been given. In …
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Italian shoe retailers team up with Impact Analytics for gen AI
Impact Analytics, a provider of artificial intelligence (AI)-native solutions for retail and other industries, has partnered with two Italian footwear retailers, …
