Morrisons to shut 145 sites as part of cost-cutting overhaul
UK supermarket chain Morrisons has confirmed it will close 145 locations across its network, including 17 convenience stores and 52 …
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Pandora opens Singapore regional HQ to drive Asia growth
Danish jewellery brand Pandora has opened a regional headquarters in Singapore as it seeks to step up growth across Asia. The …
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Visa, Mastercard agree to $38bn settlement over merchant fee dispute
Visa and Mastercard have reached a revised $38bn settlement with US merchants who allege that the card networks imposed excessive …
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Redcare Pharmacy appoints Hendrik Krampe as CFO
Online drug retailer Redcare Pharmacy has appointed Hendrik Krampe as its new chief financial officer (CFO) as well as a …
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Carlyle takes control of The Very Group as IMI retains key stake
The Very Group, parent company of online retailers Very and Littlewoods, has changed hands, with private equity company Carlyle becoming …
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Co-op urges rates reform as it plans pre-Christmas 2025 store launches
Co-op is pressing the UK government to finalise its pending business rates reform, as it plans to open more than …
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US retail growth signals upbeat holiday demand
Retail spending in the United States posted solid gains in October, offering a positive signal for the upcoming holiday shopping …
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France pauses Shein suspension after illicit products removed
France has paused suspension proceedings against Chinese online retailer Shein after the company removed illegal products from its platforms, the …
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Target launches 10-4 shopper greeting programme
US-based retailer Target has introduced a new workplace directive instructing store employees to greet and engage with shoppers. As reported by …
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Inter IKEA FY25 profit declines as tariffs and higher costs impact
Inter IKEA Group has reported a decline in profitability for the fiscal year ended 31 August 2025 (FY25), after being …
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Amazon rolls out low-cost Bazaar app in a further 14 markets
Amazon has introduced Amazon Bazaar as a standalone mobile app in 14 new markets, expanding access to its ultra low-cost …
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Stolen iPhones fuel global resale pipeline, say retailers
Rising mobile phone theft is reshaping retail economics and store operations, with stolen iPhones moving quickly through international resale routes …
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UK retail footfall down again, marking six consecutive months
Total UK retail footfall fell by 0.7% year on year in October, marking a sixth consecutive monthly decline in store …
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Amazon and OpenAI agree $38bn partnership to boost AI development
Amazon Web Services (AWS) and OpenAI have signed a seven-year, US$38bn cloud computing agreement that allows OpenAI to run core …
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Tapestry lifts outlook as Q1 FY26 sales rise 13% to $1.7bn
Tapestry, the parent company of the Coach and Kate Spade brands, has reported revenue of $1.7bn for the first quarter …
