Iowa sues Temu owner over data and fraud allegations
Iowa's Attorney General has sued the owner of Temu, alleging deceptive data collection, routing of user information to China and …
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Currys profit climbs 18%, CEO succession confirmed
UK-based electrical and telecommunications retailer Currys has reported an 18% rise in adjusted pre-tax profit to £191m ($255.4m) for the …
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Walmart and Amazon remain at the top of US retail in 2026 rankings
Walmart and Amazon have retained their positions at the top of the US retail market in the latest 2026 Top …
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Police and retailers join forces to combat shoplifting in London
Retail crime in London is set to face tighter coordination between law enforcement and major businesses after the Metropolitan Police …
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Damiani Group completes Baume & Mercier acquisition
Italy’s The Damiani Group has concluded the acquisition of Swiss watchmaker Baume & Mercier from luxury retailer Richemont. The transaction follows a January …
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Damiani Group completes Baume & Mercier acquisition
Italy’s The Damiani Group has concluded the acquisition of Swiss watchmaker Baume & Mercier from luxury retailer Richemont. The transaction follows a January …
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Frasers Group sells Sports Direct Malaysia stake to MAP Active for $150m
Frasers Group has agreed to sell its full stake in Sports Direct Malaysia to MAP Aktif Adiperkasa (MAP Active) for …
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Kroger to acquire Giant Eagle for $1.65bn
US supermarket chain Kroger has struck an agreement to acquire privately held food and pharmacy retailer Giant Eagle in a …
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EU imposes €3 duty on low-value parcels from outside bloc
The EU has introduced a temporary €3 ($3.42) customs duty on parcels worth up to €150 imported from outside the …
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UK consumers rein in home improvement spending
Britain’s home improvement market is losing momentum as consumers remain cautious about major household purchases, according to GlobalData’s latest UK …
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UK retailers prepare for new FCA finance rules
Retailers that offer customer finance or sell insurance products alongside goods are preparing for stricter Financial Conduct Authority (FCA) requirements …
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TG Jones restructuring plan approved by London court – report
UK retailer TG Jones has secured a London court approval for a restructuring plan featuring significant rent reductions and a …
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German retail sales climb 1.1% in May
German retail sales climbed in May, with turnover increasing by 1.1% in real terms against the previous month, provisional data …
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Cumberland Farms completes $830m sale of Australian business
Cumberland Farms, the convenience retail arm of UK-based EG Group, has completed the sale of its Australian business to Ampol …
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Nike swings to Q4 profit on tariff refund boost, but China slump deepens
US sportswear retailer Nike reported full-year revenue of $46.39bn for fiscal year 2026, while fourth-quarter (Q4) profit rose on an …
