Big Lots agrees to sale transaction with Gordon Brothers Retail Partners
Retail chain company Big Lots has announced a sale transaction with Gordon Brothers Retail Partners that will see the transfer …
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Limelight Diamonds opens first store in Chennai, India
Limelight Diamonds, an Indian lab-grown diamond jewellery brand, has expanded its retail footprint with the opening of its first store …
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UK retailers brace for January slowdown
Recent data from the British Retail Consortium (BRC) and Opinium indicates a significant decline in UK consumer confidence as 2024 …
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Jo Malone plans to open new stores outside London
Jo Malone London, a fragrance brand, is set to expand its presence in the UK with plans to open at …
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Duck World launches new rubber duck store in Miami Beach, US
Duck World has opened its new rubber duck store in Miami Beach, Florida, US, offering different designs in a retail …
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UK inflation rises amidst Christmas shopping season
The latest CPI inflation figures reveal a rise to 2.6% in November 2024, up from 2.3% in October, according to …
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Lifestyle brand MINISO opens largest store in Spain
Chinese lifestyle retailer MINISO has expanded its retail presence with the launch of its largest store in Spain. This new flagship …
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Ola Electric expands retail presence to 4,000 stores in India
Indian electric vehicle (EV) maker Ola Electric has launched more than 3,200 new stores in a single day, co-located with …
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Nordstrom to go private after family-led buyout for $6.25bn
US-based luxury department store chain Nordstrom has entered a definitive agreement for a private acquisition led by family members and …
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HBC concludes Neiman Marcus Group acquisition for $2.7bn
Hudson’s Bay Company (HBC), parent company of Saks Fifth Avenue, has completed the acquisition of Neiman Marcus Group, a US-based …
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What 2025 means for retail payments
Retailers face increasing threats as cybercriminals use generative AI for sophisticated scams, including deepfake videos and personalised phishing. At the …
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Walmart US boosts store digitalisation with VusionGroup
VusionGroup, a retail digitalisation solutions provider, has secured a contract expansion with Walmart to expedite the introduction of its advanced …
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EBRD supports Romanian retailer Profi’s supply chain finance programme
The European Bank for Reconstruction and Development (EBRD), in collaboration with Banca Transilvania, is set to bolster the supply chain …
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Party City to initiate closure of retail and wholesale operations
North American party supplies retailer Party City has filed for Chapter 11 bankruptcy protection and is set to initiate the …
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Nike reports 8% revenue decline in Q2 FY25
Global athletic footwear and apparel brand Nike has reported revenues down 8% on a reported basis and 9% on a …
