The Works reduces expectations for FY23 after Q1 2022 update
The company faced a cybersecurity incident at the end of March, which affected its online like-for-like sales performance.
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Kohl’s board confirms receipt of preliminary acquisition offers
Last week, Sycamore and Hudson’s Bay were reported to be considering bids for Kohl’s.
Bed Bath & Beyond to close 37 US store locations this year
In 2020, the retailer announced plans to close 200 stores over the following two years.
Nykaa plans to triple its physical store network in India
The retailer currently operates 84 brick-and-mortar stores and aims to increase its store network to 300.
Kohl’s raises full-year outlook as earnings exceed expectations
The company expects its net sales for FY21 to be in the higher mid-twenties percentage range.
Bed Bath & Beyond reports 26% drop in second-quarter revenue
The company has revised its full-year outlook and expects net sales of between $8.1bn and $8.3bn.
Foot Locker to expand post-COVID footprint with $1.1bn acquisitions of WSS and atmos
Foot Locker has announced plans to buy athletic retailer WSS and Japan-based atmos for a combined total of $1.1bn.
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What we can learn from Germany’s approach to ecommerce innovation
Cross-platform marketing company Iterable director of marketing, EMEA Elle Nadal tells Retail Insight Network how the onset of the pandemic…
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