Max Stock set to form joint venture with Fortera Properties
The JV company will establish and manage a chain of Max Stock stores in Portugal and Spain.
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Japanese retailer Fast Retailing to open first GU store in US
The GU Soho New York Store will be the brand’s first store outside the Asian market.
Walmart cuts hundreds of corporate jobs in restructuring effort
The retailer will add jobs in areas such as e-commerce, health and wellness, advertisement sales and the supply chain.
Shopify to reduce its workforce by 10% due to slowed growth
The decision will affect employees in recruiting, support and sales, as well as over-specialised and duplicate roles.
Walmart lowers profit outlook for second quarter and full year
The retailer expects its consolidated net sales growth for the full year to be around 4.5%.
Lids launches collegiate sports-focused retail concept in US
The retailer will open more than 11 Lids U stores this year, with more due to be opened thereafter.
Reliance Retail posts 114.2% growth in net profit for Q1 2023
The company opened 792 stores during the quarter, taking its total store portfolio to 15,866 across India.
Victoria’s Secret to open physical store in Mumbai, India
The retailer plans to expand its store network in the country over the next three to five years.