WASHINGTON: Clothing and home goods prices could rise between 4% and 10% if the ongoing conflict in the Middle East extends into the autumn and drives up fuel and fabric costs for manufacturers, a retail industry executive said. While the clothing and home retailer has so far experienced little disruption to its supply chain, container…
LONDON – Domino’s Pizza Group (DPG.L), the master franchise for the pizza delivery chain in the UK and Ireland, said on Monday that Chief Executive Officer Andrew Rennie had stepped down with immediate effect by mutual agreement. The board has begun a search for a permanent successor, the company said in a statement. In the…
STOCKHOLM – Swedish retailer Clas Ohlson said on Tuesday it will invest 400-450 million Swedish crowns ($38-43 million) to upgrade its main distribution centre, betting on automation to fuel long-term growth in both store and online sales. The board-approved investment will modernise the company’s logistics hub in Insjön, Dalarna, the town where it was founded over…
COLUMBUS – American Signature Inc (ASI), the parent company of Value City Furniture and American Signature Furniture, filed for Chapter 11 bankruptcy protection, citing ongoing macroeconomic headwinds impacting the home furnishing industry. The company said it filed voluntary petitions in the U.S. Bankruptcy Court for the District of Delaware and has initiated a court-supervised sale process,…
NEW YORK – Marquee Brands, a global brand management company, has acquired Stance, the lifestyle and performance sock brand, the companies announced on Tuesday. The deal marks Marquee’s strategic entry into the everyday essentials market. As part of the acquisition, Marquee also announced a new partnership with United Legwear and Apparel Co. (ULAC), which will become…
LAKE BLUFF – Homewerks Worldwide, LLC, a leading home improvement products supplier, announced on Monday it has acquired the Character Project Kits product line from Character Home, Inc., a move that expands its footprint in the growing do-it-yourself (DIY) plumbing market. The acquisition includes Character’s Faucet Installation Kit and Showerhead Installation Kit, all-in-one solutions that bundle…
MELBOURNE: Globe International Limited (GLO.AX) reported strong financial stability for the 2025 fiscal year, using its profit to deliver a significant dividend payout to shareholders, even as it navigated geopolitical uncertainty and new tariff pressures in the key U.S. market. The Australian footwear and apparel company, known for its roots in action sports, announced a fully…
LONDON: Tandem Group plc (AIM: TND), a UK-based designer and distributor of sports, leisure and mobility equipment, reported a 14.3% rise in revenue to £11.2 million for the six months ended June 30, 2025, driven by improved inventory management, cost controls and favourable foreign exchange movements. Tandem Group plc is a designer, developer, distributor and…
World’s largest retailer posted revenue of $177.4 billion for the quarter ended July 31 BENTONVILLE: Walmart Inc (NYSE: WMT) raised its full-year sales and earnings guidance on Thursday after reporting a 4.8% rise in second-quarter revenue, driven by strong performance in eCommerce and advertising across its global operations. The world’s largest retailer posted revenue of…
LONDON: British women’s fashion retailer Sosandar PLC (AIM:SOS) reported a year of improved profitability driven by higher margins, despite a planned reduction in revenue, and signalled a return to growth in its first quarter, according to full-year results released on Tuesday. For the year ended March 31, 2025 (FY25), revenue fell to £37.1 million, down…
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 sales of £61.477 billion, marking a 7.4% increase at actual rates compared to the previous year’s £57.216 billion. This growth remained consistent at constant rates with a 7.2% rise, reflecting…
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 retailer’s share price before their initial bid in December 2023. The buyer group, which also includes Fortress Investment Group LLC and One Investment Management US as equity partners, urged Macy’s…