Shoe Carnival acquires all of Shoe Station’s assets for $67m
The company expects its store network to grow to 400 stores by the end of next year.
Trends
Swiggy plans $700m investment in food delivery platform Instamart
Instamart currently operates across 18 Indian cities, delivering more than one million orders a week.
Gap revises full-year outlook due to supply chain disruption
The retailer expects its full-year revenue to grow by around 20% from FY20.
CVC and HPS to purchase equity stakes in Authentic Brands Group
ABG owns a portfolio of more than 30 brands from different sectors, including fashion and...
Foot Locker registers 3.9% increase in third-quarter sales
The retailer expects the ongoing global supply chain disruptions to continue throughout the fourth quarter.
Beauty retailer Purpple raises $60m in funding from Premji Invest
The retailer secured a $75m investment from Kedaara Capital last month.
Marque Luxury secures $20m in funding for business expansion
The funding will be used for the retailer’s business expansion on an operational scale, with a special focus on North America.
Blackstone acquires majority stake in Spanx for $1.2bn
Oprah Winfrey, Reese Witherspoon and Whitney Wolfe Herd are among the brand's new investors.
Sephora partners with Delivery Solutions for same-day delivery
Sephora launched a same-day delivery programme with delivery partner Uber last month.
Victoria’s Secret reports 7% rise in third-quarter net sales
Victoria’s Secret expects its diluted earnings per share to be between $2.35 and $2.65 in the fourth quarter.
L’Occitane buys controlling stake in beauty brand Sol de Janeiro
Sol de Janeiro sells its products directly to customers on its website and through several premium retailers worldwide.
