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Express records net loss of $36.8m in Q3 FY23
American fashion retailer Express has recorded a $36.8m net loss in the third quarter (Q3) of fiscal 2023 (FY23), compared …
Seven & i Holdings acquires 7-Eleven Australia
In a strategic move to solidify its foothold in the Australian convenience store market, Seven & i Holdings, the Japanese …
IKEA US lowers prices and provides employee bonuses
IKEA US has announced a $54.5m bonus payout to employees and reduced prices on hundreds of its products. The company said …
Vans owner VF Corp eliminates 500 jobs in a restructure
VF Corp, owner of shoe and apparel manufacturer Vans, has confirmed the elimination of 500 positions as part of its …
Kroger’s operating profit grows to $912m in Q3 FY23
US-based retail company Kroger has reported an operating profit of $912m in the third quarter (Q3) of fiscal 2023 (FY23), …
Instacart and Wegmans to bring alcohol delivery to New Jersey, US
Grocery technology company Instacart has launched an alcohol delivery service for the first time in New Jersey, US. The service was …
Walmart’s Sam’s Club to open two distribution centres in US
Sam's Club, a membership warehouse club under Walmart, has revealed plans to open two new distribution centres (DCs) in the …
GlobalData Retail head on Wilko’s collapse: Insights from Parliament inquiry
Patrick O'Brien, the Global Retail Research Director at GlobalData, recently shared his insights during the Business and Trade Committee's inquiry …
COP28 opens in Dubai as global temperature set for new record
DUBAI - The latest annual UN climate conference, COP28, opened in Dubai on Thursday 30 November with at least 70,000 …
Amazon launches physical Second Chance Store in London
E-commerce giant Amazon has introduced a brick-and-mortar Second Chance Store at the Brunswick Centre in Central London, UK, offering customers …
CMA investigates competition in UK grocery sector
The British Retail Consortium (BRC) has responded to a report by the Competition and Markets Authority (CMA) on competition in …
Starbucks Taiwan unveils its first Greener Store in Shalu Beishih
In celebration of its 25th anniversary in the Taiwanese market, Starbucks Taiwan has proudly introduced its inaugural certified Greener Store …
Grocers must promote value and convenience of online delivery this Christmas
At Christmas 2023 it will be crucial for grocers to showcase their online capabilities by promoting the convenience of the …
Priority Software and CRS partner to transform retail management
In a strategic move to reshape the retail landscape, Priority Software has entered into a reseller agreement with Canadian Retail …
Fast fashion brand Shein confidentially files to go public in US
Shein, the online fast fashion retailer founded in China, has filed confidentially for an initial public offering (IPO) in the …