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Retail News

First garment factories declared safe in Bangladesh

Dhaka - Two garment factories in Bangladesh on Thursday became the first to be declared safe under a scheme set up to prevent a repeat of one of the world's worst industrial disasters.

3 companies competing with major ticket retailers

In North America, concert ticket sales alone surpassed $6 billion in 2014, as technology continues to transform the ticket purchase process.

Review: 'Retail Survival of the Fittest' could change the retail business

In her newly released eBook, retail expert Francesca Nicasio covers vital aspects of the industry, from understanding consumers’ needs and increasing customer loyalty to leveraging data and implementing an omnichannel retail strategy.

From shirts to aprons, 'Je Suis Charlie' sells online

Paris - Products with the "Je Suis Charlie" logo, from t-shirts to kitchen aprons, are being sold widely online, presenting a moral quandary for ecommerce stores after this week's deadly attacks in Paris.

French court blocks renovation of iconic Paris building

Paris - A French appeals court on Monday blocked the renovation of the iconic former Parisian department store La Samaritaine, saying its modern makeover would clash with its historic surroundings.

U.S. protesters force closure of mall near Ferguson

Saint Louis - U.S. protesters forced a crowded St Louis mall to close for around two hours on Friday, demanding a boycott to post-Thanksgiving shopping and justice for an unarmed black teenager killed by police.

U.S. shoppers go in for the kill on 'Black Friday'

Leesburg - The traditionalists don't like it, but the "Black Friday" shopping frenzy is as much a part of the Thanksgiving holiday in the United States as turkey and pumpkin pie. And it's only Thursday.

Amazon takes Tesco’s spot on top of UK entertainment market

The American-based online retailer Amazon surged past its rival Tesco during the third quarter of this year. The period, which ended with September, saw Amazon holding 22.5 percent of the entertainment market.

Sears Canada names new acting-CEO

Sears Canada Inc. named Ronald Boire of the American-based Sears Holding to replace Douglas Campbell as acting president and CEO. This is not the first time that the Canadian-based company has recruited from its American partner.

Seattle-based Nordstrom will open discount store in Albany area

Seattle - Nordstrom has announced plans to open two new stores in upstate New York. The first will be located at the Colonie Center in Albany. The other is planned for Buffalo.

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.
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