Uniqlo owner Fast Retailing reports fourth consecutive year of profit
Japan’s Fast Retailing, parent company of Uniqlo, has reported an annual profit for the fourth consecutive year. For the fiscal year …
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H&M expands into India’s beauty and personal care segment
Swedish fashion retailer H&M has entered India’s beauty market, a decade after launching its first clothing and home outlets in …
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Lowe’s completes $8.8bn acquisition of Foundation Building Materials
US-based home improvement retailer Lowe’s Companies has completed its acquisition of Foundation Building Materials (FBM), a distributor of building materials …
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Levi Strauss logs 7% growth in Q3 revenue and lifts full-year outlook
Levi Strauss has reported a 7% year-on-year increase in both reported and organic net revenues to $1.5bn for the third …
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Pre-Budget jitters weigh on UK retail footfall
UK retail footfall fell 1.8% year on year in September, reversing August’s milder decline, as shoppers grew more cautious ahead …
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Frasers Group buys majority stake in luxury retailer The Webster
British retail giant Frasers Group has purchased a majority stake in The Webster, a multi-brand luxury retailer in the US. The …
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Shein implements stricter controls amidst regulatory fines
Online fast-fashion retailer Shein is tightening its compliance framework after facing several penalties related to data privacy, misleading discounts and …
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UK retailer Kingfisher appoints new chief commercial officer
Kingfisher, owner of the B&Q and Screwfix retail brands, has appointed Debarati Sen as its new chief commercial officer from …
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Gap collaborates with Google Cloud to embed AI across operations
Gap Inc has entered a multi-year alliance with Google Cloud to reimagine retail using AI. The partnership will offer the US …
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Court rejects retailers’ bid to block New York surveillance pricing law
A US federal judge has dismissed a lawsuit brought by the National Retail Federation (NRF) against New York’s Algorithmic Pricing …
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Marketplace models can drive growth but having a USP is vital
As retailers continue to adopt marketplace models, they need to ensure that they retain their identity and USP, as becoming …
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Asda opens Express convenience store in Castleford, West Yorkshire
British supermarket chain Asda has opened a new Express convenience store in Castleford, West Yorkshire, marking the latest stage in …
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ASA rules against Hammonds Furniture for misleading online promotions
The UK’s Advertising Standards Authority (ASA) has upheld three complaints against Leicester-based Hammonds Furniture following a challenge by rival Sharps …
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PVH Corp appoints Patricia Gabriel as chief supply chain officer
US-based fashion and lifestyle retailer PVH Corp has named Patricia Gabriel as its new chief supply chain officer and global …
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Italian prosecutors seek judicial administration for Tod’s over labour claims
Italian prosecutors have asked for judicial administration to be imposed on shoemaker Tod's amid allegations of labour exploitation within its …
