M&S TO CLOSE STORES AS LOSSES WIDENS
M&S posts £201mn loss after lockdowns affect store sales. Marks & Spencer has announced plans to reduce its store estate after it plunged to a...
Tag : RetailNews
Inditex launches AR game for Pull & Bear girls collection
Spanish apparel giant Inditex, which owns Zara, Zara Home, Massimo Dutti, Bershka, and Pull & Bear, has ventured into the world of gaming via its...
Superdry Reports Growth in Q4
Superdry returned to growth in Q4 even though it reported a 21% drop in full-year revenue as Covid-19 continued to impact the business. The British...
END OF AN ERA AS Debenhams confirms closing date of final 49 stores
Debenhams has confirmed its remaining 49 stores will permanently close on either May 12 or 15. It comes after the retailer temporarily reopened its stores...
Authentic Brands Group and SPARC to Buy Outdoor Brand Eddie Bauer
Authentic Brands Group (ABG) and SPARC Group have signed a definitive agreement to purchase Eddie Bauer, the American outdoor brand, from PSEB Group, an operating...
100% FDI in Single Brand Product Retail Trading and upto 51% FDI
To attract leading international retailers for sourcing their garment and home textiles requirements from India, the Consolidated FDI Policy Circular 2020 provides 100% FDI in...
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
John Lewis shuts down 8 more stores
The John Lewis Partnership has announced plans to not reopen eight John Lewis stores when lockdown on non-essential retail is lifted from next month. The...
A RAY OF HOPE..APPAREL RETAILERS IN THE US ON AN EXPANSION SPREE
LIST OF APPAREL RETAILERS in the US ON AN EXPANSION SPREE… Not all retailers are downsizing their physical assets in the wake of the pandemic....
Uniqlo appoints green Doraemon as Global Sustainability Ambassador
Global apparel retailer Uniqlo announced that it has appointed Doraemon as its Global Sustainability Ambassador. The name of the green model of the internationally beloved...