Tesco Plc reports 100% growth in operating profit to £2.821 billion in FY 23/24
LONDON: Tesco Plc has announced its financial results for the fiscal year 23/24, showcasing significant gains across various financial metrics. The retail giant reported group...
Arkhouse and Brigade Capital raise bid for Macy’s to $24 per share
Arkhouse Management Co. LP and Brigade Capital Management have increased their all-cash offer to buy Macy’s for $24 per share, a 51.3% premium over the...
How Frictionless Shopping is Changing Consumer Behavior and Expectations
Frictionless shopping is a term that describes retail experiences that are fast, convenient, and seamless for the customer. It involves using technologies such as self-scanning,...
Torpedo7 sold for $1 to Tahua Partners Limited
AUCKLAND: The Warehouse Group has sold its outdoor brand Torpedo7 to Tahua Partners Limited, a 100% Kiwi owned and operated business, for $1. The deal...
Shoe Carnival buys Rogan Shoes for $45 million, expands footprint in Midwest
Shoe Carnival, Inc. (Nasdaq: SCVL), a leading family footwear retailer, announced today that it has acquired Rogan Shoes, Incorporated, a 53-year-old work and family footwear...
The Reject Shop appoints Phillip Bishop as new Chief Executive Officer
SYDNEY, AUSTRALIA: The Reject Shop Limited (ASX: TRS) announced the appointment of Phillip Bishop as its new Chief Executive Officer. Phillip Bishop is an experienced...
Magnit launches credit broker service
KRASNODAR, RUSSIA: Magnit PJSC, one of Russia’s leading retailers, has launched the Credit Broker online service that allows any user of the chain’s mobile app...
Al Meera Consumer Goods to launch two Lifestyle Community Malls in Lusail
DOHA: Al Meera Consumer Goods Company has announced its acquisition of two properties from Qatari Diar where the retailer has set sights to launch Al...
Eric Lundberg appointed CEO of Apotek Hjärtat
STOCKHOLM: Eric Lundberg has been appointed as the new CEO of Apotek Hjärtat, a news release said. He served most recently as CEO of Kjell...
Chico’s FAS Inc.
Chico’s FAS Inc. is an American women’s clothing and accessories retailer founded in 1983 on Sanibel Island, Florida. The company was founded by Marvin and...
Boohoo agrees to acquire Dorothy Perkins, Wallis & Burton for £25.2 million
LONDON: boohoo, a leading online fashion retailer, has agreed to acquire all of the e-commerce and digital assets and associated intellectual property rights, including customer...
Carpetright Limited
Carpetright Limited is one of the largest British retailers of floor coverings and beds. The company is owned by Meditor. The company now has over...