Impact of Lockdown in Europe on sales
The absence of big-spending travellers, particularly from China, the Middle East and the United States, is a major drag on sales as, depending on the...
Tag : Retail
Flipkart to buy 8 percent stake in Aditya Birla’s fashion unit for $204 million
Walmart Inc’s Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million),the fashion retail company. “...
VENU NAIR JOINS AS THE MD AND CEO OF SHOPPERS STOP
Department store chain Shoppers Stop Ltd., announced the appointment of Trent’s Venu Nair as its Managing Director and Chief Executive Officer effective 6 November, 2020....
H&M TO EXPAND STORE IN LUCKNOW
The Swedish company considers India as an important market and look forward to increase its presence through both, online and brick-and-mortar approach. The group is...
H&M TO INVEST IN ONLINE RETAIL THAN PHYSICAL
Hennes & Mauritz will exit the coronavirus crisis in better shape, according to its new chief executive,as she announced plans to close a record number...
Asics Joining Global Environmental Initiative Re100 In Pursuit of Operating 100% Renewable Electricity
Aiming to use only renewable electricity across the entire company, Asics has joined RE100, the global environmental initiative composed of member firms committed to relying...
Fat Face Restructures as Chairman Lord Stuart Rose exits
Fat Face has announced it has completed its financial restructuring and comprehensive refinancing agreement, and that chairman Lord Stuart Rose has left the company. The...
COMPANIES THAT FILED FOR BANKRUPCIES IN 2020
Pier 1 Imports The home goods chain Pier 1 Imports filed for Chapter 11 bankruptcy protection on Feb. 17, listing $340.6 million in liabilities. Its...
Ann Taylor May be Out of Bankruptcy Before Thanksgiving
Bankrupt Ascena Retail Group has a hearing on Oct. 23 to confirm its reorganization plan and, once approved, can expect an exit court proceedings about...
LOCAL BRANDS SEES GROWTH IN THE UK
High street footfall declines ONLINE DRIVING SALES IN THE UK A popular trend that has been seen in UK is that almost half of UK...