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Retail News

Luxury U.S. retailers court Canadian consumers

After years of being left out in the cold, Canadian consumers of upscale brands will now see big changes. Luxury retail is making its way north in a move to boost bottom lines and satiate a hungry market.

Kildonan Place undergoes rarely seen ownership change

In a move to help strengthen alternative investments in its retail portfolio, Ivanhoe Cambridge announced the sale of Kildonan Place to H&R Real Estate Investment Trust.

Op-Ed: Video — Advanced vending catching on worldwide

Japan used to have the market cornered on unusual vending machine practices. The rest of the world is catching up though and we are going to explore the evidence for that.

Tesco seeks Asia pick-up after fresh profit setback

London - Supermarket giant Tesco announced a second drop in annual profits in a row on Wednesday, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.

Challenge to Australia tobacco law could have vast impact

Geneva - A landmark challenge to Australia's plain-packaging law for cigarettes and cigars at the WTO could have vast implications for how governments square the rules of trade with radical public health measures.

GameStop plans to close 120 stores

During the GameStop’s Investor Day 2014, the company announced its plans to close 120 stores while focusing more on the mobile device market.

Op-Ed: How bar codes revolutionized shopping

If you ran a supermarket in, say, 1960 then you had a problem. The number of different consumer goods kept increasing but how could you accurately price every item at checkout?

Tesco seeks Asia pick-up after fresh profit setback

London - Supermarket giant Tesco announced a second drop in annual profits in a row on Wednesday, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.

Cuba, Dominican Republic set up WTO fight over Australia tobacco law

Geneva - Attempts by tobacco-producing nations to sink a landmark law in Australia requiring plain packaging for cigarettes and cigars gained pace Tuesday as Cuba and the Dominican Republic stepped up their fight at the World Trade Organization.

US retail sales surge 1.1% in March

Washington - US retail sales leaped higher in March, giving further evidence of stronger economic activity after a particularly brutal winter, government data showed Monday.Retail and food services sales surged 1.1 percent from February to $433.

Protest in Athens against Sunday shopping

Athens - Police in Athens scuffled with protesters opposed to shops opening on Sunday, a week before Orthodox Easter.The incident occurred on the capital's main shopping street.

Chinese group acquires Britain's House of Fraser

London - Chinese conglomerate Sanpower has agreed to buy a majority stake in British department store House of Fraser in a deal worth £480 million (578 million euros, $800 million), according to a joint statement.

Wal-Mart launches price-slashing organic foods

New York - Wal-Mart announced Thursday a deal with organic foods pioneer Wild Oats to sell discounted organic products in its US stores, a move expected to shake up the booming sector.

eBay ends Icahn dispute with board appointment

New York - Online retail giant eBay said Thursday it had reached a deal with activist investor Carl Icahn, who had demanded a spinoff of the payment division PayPal.

Marks & Spencer reports rising Q4 sales

London - High street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division. Sales climbed 1.

Walmart grows wholesale business in India

New York - US retail giant Wal-Mart Stores plans to add 50 new wholesale stores in India as it seeks growth in a key market where it has been unable to launch retail stores.

Australia's David Jones stores welcomes $2bn South African bid

Sydney - David Jones announced Wednesday it intends to recommend a takeover offer from South African retailer Woolworths that values the Australian department store operator at about $2 billion.

British takeaway delivery website debuts on stock market

London - British online takeaway delivery service Just Eat launched on the London Stock Exchange on Thursday in a partial flotation which valued it at £1.5 billion ($2.5 billion, 1.8 billion euros).

Vodafone says to create 1,400 jobs in Britain

London - Mobile phone giant Vodafone on Thursday announced plans to open 150 shops in Britain over the next year, creating 1,400 jobs in the process.The plan forms part of a £1.0 billion ($1.7 billion, 1.

British DIY chain Kingfisher eyes French peer Mr Bricolage

London - Kingfisher, Europe's biggest home-improvements retailer, announced on Thursday that it was in exclusive talks to buy Mr Bricolage to build upon its already strong presence in France.

Amazon hit by strikes in Germany

Frankfurt - One of Amazon's key sites in Germany was the target of fresh walkouts by staff on Monday in an long-running wage dispute. The services sector union Verdi has called for morning stoppages at Amazon's logistics centre in Leipzig.

China tycoon 'bids for Britain's House of Fraser'

London - Chinese businessman Yuan Yafei has launched a surprise takeover bid for British department store chain House of Fraser worth £450 million ($748 million, 544 million euros), media reports said on Sunday.

Swiss immigration vote ticks off watchmakers

Basel - Switzerland's recent vote to curtail immigration from the European Union could seriously impact the Alpine country's booming watch trade, industry insiders warned this week.

Walmart sues Visa for $5 bn for rigging card fees

Washington - The world's largest retailer Walmart has sued credit card giant Visa for more than $5 billion for conspiring with banks to fix fees that merchants pay for accepting Visa card payments.In the suit filed this week in Arkansas, where Walmart is based, th...

DIY chain Kingfisher to return cash to investors

London - Kingfisher, Europe's biggest home-improvements retailer, said Tuesday that it will return cash to shareholders after annual profits rose by a quarter, sending its share price surging.London-listed Kingfisher said in a results statement that it would re...

UK retailers Dixons and Carphone get extension to merger talks

Britain's Takeover Panel has granted Dixons Retail <DXNS.L> and Carphone Warehouse <CPW.L> an eight-week extension to their negotiations for a possible 4 billion-pound ($6.6 billion) merger.

Canada January retail sales rise 1.3 percent, beat forecast

Canadian retail trade in January rose by a higher-than-expected 1.3 percent from December, partially recovering from the extreme weather-related decline the previous month, Statistics Canada data indicated on Friday.

SA retailer defies security fears to open in north Nigeria

Kano - South African retailer Shoprite on Thursday opened its first outlet in northern Nigeria, as part of an aggressive expansion drive and defying wider concerns about security in the region.

Ikea recalls baby bed canopies due to strangulation risk

Stockholm - Swedish furniture maker Ikea on Thursday recalled nearly three million baby bed canopies worldwide due to a potential danger of strangulation."We have had some reports of young children getting entangled in these canopies," Ikea spokeswoman Ylva Magnus...

Subscriptions woo fans back from pirated music

London - Fans are increasingly willing to pay for digital music through subscription streaming services rather than downloading it illegally for free, according to an upbeat report published on Tuesday.Revenues from services such as Spotify or Deezer rose 51 pe...
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Untitled
Dominic Alves
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A woman shopping in Manhattan
A woman shopping in Manhattan
Ed Yourdon
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Most Americans don’t have a travel bucket list  according to a new survey.
Most Americans don’t have a travel bucket list, according to a new survey.
Wikimedia
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A shopping mall
A shopping mall
Wendy
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Best Buy
Best Buy
Clive Darra
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A young girl looks up at a toy sales display in a JC Penney store during Black Friday sales in New Y...
A young girl looks up at a toy sales display in a JC Penney store during Black Friday sales in New York
With permission by Reuters / Lucas Jackson
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The NorthPark centre mall in Dallas
The NorthPark centre mall in Dallas
liangjinjian
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The store Desigual in Spain
The store Desigual in Spain
thinkretail
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Sears
Sears
Mike Kalasnik
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Topshop is a subsidiary of Arcadia in the U.K.
Topshop is a subsidiary of Arcadia in the U.K.
thinkretail
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A store advertising its sales
A store advertising its sales
the justified sinner
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A close-up of an average vending machine
A close-up of an average vending machine
SalimFadhley
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Point of sale transaction
Point of sale transaction
oregon.gov
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Precision Jewellers in Windsor  Ontario
Precision Jewellers in Windsor, Ontario
Google Street View screenshot
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Shoppers shopping at Ikea
Shoppers shopping at Ikea
Dalboz17
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A Mac s Convenience store
A Mac's Convenience store
dennissylvesterhurd
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Untitled
Photo by Caldorwards4
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TJ Hughes department store in Liverpool  England
TJ Hughes department store in Liverpool, England
Irate
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A Target store
A Target store
Ron Dauphin
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People shopping
People shopping
Michael Kappel
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