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Innovation Chief Casey Carl Leaves Target

Friday, Apr 21, 2017
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Target's innovation chief Casey Carl is leaving the company as CEO Brian Cornell refocuses efforts on the retailer's core business. 

Subway Closes Hundreds of US Stores

Friday, Apr 21, 2017
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In 2016, Subway closed 359 US locations, the first time the QSR-operator has had a net reduction. The company is dealing with a sales slowdown in the US and the emergence of newer fast-casual rivals.

The Body Shop to Launch Ecommerce Platforms in 11 Countries with New £10 Million ($12.8 Million USD) Digital Transformation Project

Friday, Apr 21, 2017
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Beauty and personal care retailer The Body Shop is set to launch a £10 million ($12.8 million USD) digital transformation project in order to expand its global ecommerce footprint and create a seamless online experience. 

Ikea Considers Opening Stand Alone Restaurants

Friday, Apr 21, 2017
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The huge success of IKEA’s food division has prompted the company to consider opening their own cafes in city centers around the world. IKEAs food division has grown into a $1.8 billion business, making it one of the company’s fastest growing [...more]

Apparel Retailer Bebe Stores Announces Closure of All Stores

Friday, Apr 21, 2017
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Apparel retailer Bebe Stores announced that it will close all of its stores worldwide by the end of May. The move comes just one month after announcing it was exploring strategic alternatives following four straight years of losses.

CVS to Remove 3 Chemicals From 600 Private Label Beauty and Personal Care Products by End of 2019

Friday, Apr 21, 2017
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CVS announced that it will remove parabens, phthalates, and the most prevalent formaldehyde donors across nearly 600 beauty and personal care products from its private label CVS Health, Beauty 360, Essence of Beauty, and Blade product lines. 

Kate Spade Posts First Quarterly Sales Decline in 8 Years as the Retailer Explores Sale

Friday, Apr 21, 2017
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Kate Spade posted unexpectedly weak sales in its first quarter of 2017, with net sales falling 1.2% or $3 million to $271 million. 

UK Retail Sales Fall 1.4% in Q1

Friday, Apr 21, 2017
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UK retail sales dropped 1.4% during the first three months of 2017, the biggest quarterly decline in seven years.

UK Retailer Sports Direct Enters U.S. Market

Friday, Apr 21, 2017
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UK retailer Sports Direct has entered the U.S. market by acquiring 50 stores trading as Bob's Stores and Eastern Mountain Sports through the bankruptcy process of Eastern Outfitters, the chains' parent company.

Russia’s Lenta Reports 17.2% Increase in 1Q17 Sales

Friday, Apr 21, 2017
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Lenta reported that sales grew 17.2% to 77.9 billion roubles ($1.4 billion USD) in 1Q17. Comparable sales increased by 1.7% compared to 1Q16. The retailer plans to open 30 new hypermarkets and 50 new supermarkets in FY17.

Jeronimo Martins Reports 9% Increase in 1Q17 Sales

Friday, Apr 21, 2017
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Portuguese retail group Jeronimo Martins has reported 9% year-on-year growth in 1Q17 sales to €3.7 billion ($4 billion USD). Sales at Polish discounter Biedronka reached €2.5 billion ($2.7 billion USD), up 10.8% and accounted for 68.7% of total [...more]

Biedronka to Open 100 New Stores in 2017

Friday, Apr 21, 2017
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Polish discount chain Biedronka is planning to open 100 new stores by December 2017. The discounter, which is owned by Portuguese retailer Jeronimo Martins currently operates about 2,722 stores in Poland. Biedronka accounted for 66.9% of Jeronimo [...more]

Amazon Granted Patent for Underwater Warehouses

Friday, Apr 21, 2017
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Amazon has been granted a patent for underwater warehouses. The patent outlines facilities consisting of a storage pool, a sonar transducer (to emit sounds), and a computer device to communicate with the sonar transducer and direct packages [...more]

Russia’s Magnit Reports 4.6% Increase in 1Q17 Sales

Friday, Apr 21, 2017
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Magnit's sales grew 4.6% to 267 billion roubles ($4.7 million USD) in 1Q17. During the quarter, the retailer opened 250 stores, increasing its selling space by 13.8%. The retailer’s increase in selling space was largely offset by a 4.8% decline [...more]

Sweden’s Axfood Reports 3.2% Increase in 1Q17

Friday, Apr 21, 2017
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The Swedish food retailer Axfood reported a 3.2% increase in sales to €1.1 billion ($1.2 billion USD) in 1Q17. Sales growth was driven by its Willys supermarket banner (2.1%), Narlivs (3.3%), and Dagab wholesale unit (4.7%). 

Showing 46 – 60 of 41891