Burberry aims for £100m savings amid FY25 profit dip, 1,700 job cuts
British luxury fashion house Burberry has revealed plans to eliminate 1,700 positions globally by 2027 as part of an accelerated …
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American Eagle Outfitters withdraws FY25 outlook as Q1 revenue to dip 5%
Global speciality retailer American Eagle Outfitters (AEO) has withdrawn its financial guidance for fiscal year 2025 (FY25), citing prevailing macroeconomic …
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Under Armour reports revenue dip and gross margin growth in FY25
American sportswear brand Under Armour has reported a 9% decrease in revenue for fiscal year 2025 (FY25), totalling $5.16bn, down …
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Galeria to optimise supply chain with Blue Yonder capabilities
German department store chain Galeria has selected Blue Yonder’s demand and replenishment capabilities to improve supply chain operations and operational …
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UK retail sales surge in April with weather and rate cuts lifting confidence
UK retail sales has experienced a 7% year on year (YoY) increase in April 2025, contrasting with a 4% decrease …
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US retailers endorse House tax package ahead of key vote
The National Retail Federation (NRF) has voiced strong support for a new tax proposal introduced by House Ways and Means …
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Asda to end Blue Light Card partnership on 27 May
Asda’s partnership with Blue Light Card will officially come to an end on 27 May 2025, marking the conclusion of …
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US retailers benefit from temporary tariff rollback
The United States and China have agreed to a temporary reduction in tariffs as part of an effort to de-escalate …
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Marks & Spencer confirms customer data compromised after cyberattack
British retailer Marks & Spencer (M&S) has confirmed that a portion of customer data was compromised in the cyberattack that …
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Beyond to acquire Kirkland’s brand rights, expands investment
Beyond, the parent company of Bed Bath & Beyond and buybuy BABY, has struck a deal to acquire rights to …
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JD Sports picks o9 AI-powered platform for assortment planning
UK-based omnichannel retailer JD Sports Fashion has partnered with o9 Solutions, an AI software platform provider, to optimise its assortment …
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InPost and ASOS launch nationwide next-day locker delivery in UK
InPost, a provider of automated parcel machine services, has collaborated with UK online fashion retailer ASOS to introduce nationwide next-day …
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Guitar Center taps RELEX for AI-driven replenishment capabilities
US musical instrument retailer Guitar Center has partnered with RELEX Solutions to optimise its allocation and store replenishment planning. The collaboration …
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UK cyberattacks drive surge in retail sector insurance premiums
Cyberattacks targeting major UK retailers are expected to result in double-digit increases in cyber insurance premiums, reversing a period of …
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Tapestry raises FY25 outlook as Q3 sales surge 7%
Tapestry, the parent company of Coach and Kate Spade, has recorded net sales of $1.58bn in the third quarter (Q3) …
