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Costco Wholesale registers 6.7% net sales growth in FY23
US-based multinational retailer Costco Wholesale has recorded net sales of $237.71bn in fiscal year (FY) 2023, an increase of 6.7% …
Disabled consumers call for accessibility from online retailers
A new survey is sending a clear message to retailers: prioritise accessibility or risk billions in online sales, potentially alienating …
ALDI Nord tests self-checkout solutions in Netherlands
Supermarket chain ALDI Nord is testing self-checkout technologies from unified self-checkout solutions provider shopreme in its stores in the Netherlands. The …
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 …
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 …