Tag Archives: Retail

Debenhams to cut 2,500 more jobs amid pandemic 

This is on top of the 4,000 announced since May, meaning the retailer will have cut a third of its staff.

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Brooks Brothers poised to be acquired by Authentic Brands-Simon venture 

Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. poised to take control of the bankrupt retailer.

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BUSINESS LIVE: One in three firms expects to cut jobs 

Retailer Superdry has cheered a new £70 million financing deal with its banks to help it through the coronvirus crisis as it revealed that stores sales continue to tumble.

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20% Gain Possible For Steven Madden Stock Post-Covid 

Comparing the trend in Steve Madden’s stock, a company designing and retailing fashion footwear, handbags and accessories, over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock could likely gain 20% to around the level of $26…

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Samsung Galaxy Watch 3 Spotted In Retail Stores Ahead Of Launch 

The Galaxy Watch 3 was already spotted in various retail stores like Best Buy and Target, reports reveal.

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Shoprite to Pull Out of Nigeria 

[Premium Times] South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria.

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Dollar jumps to around ¥105.90 in Tokyo 

The dollar rose to levels around ¥105.90 in Tokyo trading Monday, aided by a Japanese retail giant’s announcement of a huge U.S. business buyout plan …

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Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up 

The department store, which traces its roots to 1826, was struggling before the coronavirus hit. Its owner, the clothing rental start-up Le Tote, also filed for bankruptcy.

Read More on NY Times

Consumer Price Inflation For Industrial Workers Stays Just Above 5% 

The Labour Bureau, an attached office of the M/o Labour and Employment, has been compiling Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of the retail prices of selected items collected from 289 markets spread over 78 industrially important centres in the country. The index is compiled for 78 centres and All-India and is relea […]

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Reliance Retail reports 17.2% YoY fall in revenue to Rs 31,663 crore 

Earnings before interest and tax (EBIT) was lower than street estimates at Rs 722 crore, a fall of almost 60 percent

Read More on Money Control

Amazon’s virus stumbles have been a boon for Walmart and Target 

Shipping delays and out-of-stock items meant online shoppers turned to other retailers, including Walmart and Target, whose networks of brick-and-mortar shops suddenly became an advantage for picking up and shipping e-commerce purchases quickly.

Read More on Washington Post

There’s a Wrinkle in Stores’ Mask Policies: Enforcement 

A number of large retailers have said that all customers must wear masks, but some employees have been told they cannot force those who refuse.

Read More on NY Times

Italy is launching an antitrust investigation into Amazon and Apple 

Amazon and Apple are facing more antitrust accusations. This time, Italy is investigating. Authorities want to know whether the two companies agreed to prevent retailers who are not part of Apple’s official program to sell Apple products and Beats he…

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Marks & Spencer plans to cut 950 jobs in restructuring 

British clothing and food retailer Marks & Spencer (M&S) said on Monday it planned to cut 950 jobs as part of a restructuring, dealing a further blow to a sector that has already seen thousands of redundancies during the COVID-19 crisis.

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Marks & Spencer to cut 950 jobs in latest Covid-19 blow to high street 

Redundancies at stores and head office follow job losses at John Lewis and Boots this monthCoronavirus – latest updatesSee all our coronavirus coverageMarks & Spencer is to cut 950 jobs at its head office and stores, in the latest blow to UK high street retailers hit hard by the coronavirus pandemic.The latest cuts – to store management posts as well as […]

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