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LVMH to Take Over Christian Dior in $13.1 Billion Deal

Tuesday, Apr 25, 2017
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Luxury retail group LVMH and its CEO Bernard Arnault announced that it will take over control of French fashion house Christian Dior in a $13.1 billion deal. 

Falabella Will Remodel Existing Stores Instead of Opening New Stores in Peru in 2017

Tuesday, Apr 25, 2017
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Falabella announced that it will not open new stores this year in Peru, but will resume openings in 2018 when there is more stability and less economic uncertainty in the region. 

Brazil's O'Boticario to Expand its Store Network in Colombia

Tuesday, Apr 25, 2017
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Brazilian cosmetics retailer O'Boticario plans to open 3 new stores in Colombia in 2018. 

Metro Inc. Reports 0.7% Sales Increase and 0.3% Comps Increase for 2Q17

Tuesday, Apr 25, 2017
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Metro Inc. has reported $2.9 billion CAD ($2.1 billion USD), a 0.7% sales increase year over year for 2Q17. The retailer also reported that comps increased 0.3%.

Natura and CVC Bid for The Body Shop as L'Oréal Opens Next Round of Bidding

Tuesday, Apr 25, 2017
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L'Oréal has narrowed down the bidders in the auction for its beauty and personal care brand The Body Shop from 15 companies to a select few, including Brazilian beauty retailer Natura and three private equity firms CVC Capital Partners, [...more]

7-Eleven Partners with 4 Major Convenience Chains to Introduce RFID-Based POS Solutions in Japan

Tuesday, Apr 25, 2017
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7-Eleven Japan is partnering with four other major convenience store operators in the country, Lawson, Ministop, Family Mart UNY Holdings, and East Japan Railway, to launch RFID-based POS solutions that will automate the checkout experience and [...more]

Boston Dynamics Reveals it Has Conducted Robot Package Delivery Tests In Boston

Tuesday, Apr 25, 2017
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Well known robotics company, Boston Dynamics, has used one of its dog-like robots to deliver a package strapped to its back to an employee's front door. 

Amazon Working On Autonomous Vehicle Technology

Tuesday, Apr 25, 2017
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Amazon has built a team to work on autonomous vehicle technology to aid in the marketplace's future operations. The team consists of around a dozen employees who are focused on the application of autonomous vehicles to Amazon retail operations, [...more]

Amazon Dash Buttons Among Amazon's Fastest Growing Services

Tuesday, Apr 25, 2017
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Amazon has revealed that its Dash Buttons, which allow shoppers to reorder their favorite brands with the press of a button, are one of their fastest growing services. Dash Button orders are now placed more than 4 times a minute, up from 1 time a [...more]

Alibaba Launching Program to Help US SMEs Sell to China

Tuesday, Apr 25, 2017
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Alibaba has announced that it will be launching a program to help US businesses sell in China through its Tmall Global platform. Tmall Global currently hosts roughly 7,000 [...more]

AT&T Reports Q1 Net Sales Decline of 2.7%, Equipment Revenues Down 16.7%

Tuesday, Apr 25, 2017
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AT&T has reported first quarter consolidated revenues of $39.4 billion USD, down 2.7% compared to the same period last year.

South Africa’s Shoprite Announces Expansion Plans in Angola

Monday, Apr 24, 2017
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South African retail group Shoprite plans to invest $571.7 million in Angola to increase its store network in the country. Angola is already one of Shoprite’s main international markets, with 53 stores. 

FreshDirect Enables Online Ordering Through Facebook Messnger

Monday, Apr 24, 2017
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FreshDirect grocery delivery service has partnered with Mastercard to use Masterpass-enabled bots to drive more seamless shopping via Facebook Messenger. These bots leverage artificial intelligence to let consumers interact with the online [...more]

Whole Foods to Debut 365 in Central Texas

Monday, Apr 24, 2017
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Whole Foods is set to debut its newest 365 location in Cedar Park, Texas on April 26. The location will be the first of the chain's discount banner to open in Texas and the first 365 to be built from the ground up. The store will total 30,000 [...more]

Walmart to Allocate More Capital to China and India to Boost Business Profitability

Monday, Apr 24, 2017
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Walmart CEO Doug McMillon has indicated that the international company will focus on allocating capital to China and India. 

Showing 16 – 30 of 41891