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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 …
M&S.com enhances sports offering with adidas and Sweaty Betty
UK-based multinational retailer Marks & Spencer (M&S) has broadened its brand strategy by partnering with sportswear giants adidas and Sweaty …
New B&M store opens in Hinckley
B&M has opened a new store on Hawley Road in Hinckley, providing an economic boost to the area. This expansion …
Tesco freezes prices on 1,000+ everyday products
Supermarket giant Tesco has taken steps to provide value for its customers by locking the prices on more than a …
Aldi reports that its operating profit has increased to £178.7m
Supermarket chain Aldi has reported that its operating profit increased to £178.7m ($218.65m) in the 12 months to December 2022, …
Rite Aid proposes closure of 400 to 500 stores in bankruptcy
US-based drugstore chain Rite Aid is proposing to close approximately 400 to 500 stores in bankruptcy. Citing people familiar with …