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Microsoft reveals plan to permanently close retail stores
Multinational technology company Microsoft has announced the permanent closure of its physical stores as part of its new approach to retail.
Oak Furniture Land’s cash-light position leaves it stumped
Oak Furniture Land was the latest high-profile retailer to fall into pre-pack administration amid the COVID-19 outbreak as its lack of liquidity left it exposed during the lockdown. Now, under new ownership, the furniture retailer’s prospects are positive, but its relatively high price points and narrow uniform aesthetic leave it vulnerable.
Reliance launches online grocery delivery service in over 200 towns of India
Reliance Industries has launched its online grocery delivery service JioMart in more than 200 towns of India.
Toshiba platform enhances Grupo Éxito customer shopping experience
Retail store technology provider Toshiba and its business partner Línea DataScan have enhanced the shopping experience for customers of Columbian grocery retailer Grupo Éxito.
Aldi is updating its shopping guidelines amid Covid-19 pandemic
Many consumers in the UK have completely avoided going to the shops during lockdowns due to COVID-19, resulting in a heavy reliance on online deliveries instead.
Superdry’s turnaround plan threatened as Covid-19 dampens clothing demand
Superdry’s woes were amplified in its final quarter of FY2019/20, with the impact of the COVID-19 pandemic stifling demand for clothing and footwear. While its CEO Julian Dunkerton has had significant plans to revitalise the company, the outbreak has put a major spanner in the works, with revenue declining by 36.9% during Q4 FY2019/20, resulting in sales for the full year falling by £166.2m to £705.5m.
Retail technology firm Sales Layer raises funds to grow international operations
Spanish product information management (PIM) company Sales Layer has concluded a €3.5m Series A financing round.