Americans Squeeze Shopping Budget for Holidays
Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according...
Tag : Retail
TESCO TO SELL ITS THAILAND AND MALAYSIAN BUSINESS
Following the announcement on 9 March 2020 that Tesco had agreed to sell its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited...
THE MOST FASHION CENTRIC BRAND LAYS OF 60 EMPLOYEES IN INDIA…
Find out here…. Fast fashion retailer H&M has restructured its business and laid off around 60 employees in its India sourcing entity. The good news...
Impact on Retail Sales of EU Lockdown just before the biggest shopping season of the year i.e. Christmas
Lockdown just before the biggest shopping season of the year i.e Christmas will be a huge blow especially to clothing retailers who wait for the...
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...
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...