Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
U.S. Retail Sales Expanded in September
Sales at U.S. retailers rose in September, but at a slower pace than in August, according to Commerce Department data released Thursday. Retailers' sales rose by 0.8% last month to $745 billion, slowing from the upwardly revised 1.3% pace recorded…
How a Chinese-made toy gets to a US retailer
On the underside of most children's toys on sale in the US you'll find the same three words – 'Made in China'. Nearly eight in 10 toys (78.3%) imported into the country in 2024 came from China, according to US government figures. Last year…
US retail sales beat expectations in September on higher gasoline prices
US retail sales increased more than expected in September, boosted by higher gasoline prices, but spending elsewhere was moderate, which could temper economists' expectations for another quarter of robust consumer spending growth. SCROLL TO…
KOSPI rout deepens retail losses, fuels forced selling fears
Retail investors' losses and unease are deepening as the KOSPI tumbled more than 7 percent Thursday, following a decline of over 5 percent just two days earlier. The slide, led by chip giants Samsung Electronics and SK hynix, has turned paper…
Bloomingdale's CEO Olivier Bron on What Makes the Retailer Tick
For Olivier Bron, chief executive officer of Bloomingdale's, it's all about balance. That would be maintaining a balance in the merchandise presentation, a balance between short- and long-term goals, and a business model shaped by both art and…
McDonald's unveils new-look retail park restaurant
McDonald's has unveiled its new-look restaurant at Warrington's Gemini Park. The fast-food branch, which is owned and operated by franchisee Mark Nuttall, has undergone a redesign which promises to deliver a better customer experience. With diners…
Ex-Super Retail boss allegedly told wife not to discuss affair by text
Former Super Retail chief executive Anthony Heraghty allegedly warned his then wife that she should not discuss his affair with a colleague in writing because it could create significant legal problems, and repeatedly told the company's board that…
Pump-Pain Spreads: Retail Sales Soar To Record High, Sentiment Sits As Record Low
BofA's omniscient analysts expected a hotter than expected retail sales print this morning (but it came with a warning as they start to see some substitution effects as rising gasoline spend is wearing on discretionary purchases). Once again, BofA…
Retail sales up a better-than-expected 0.8% in September as shoppers remain resilient
NEW YORK -- Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August. Retail sales increased 0.8% last month, after delivering a revised 1.3% gain in August, according to the Commerce Department's…
Corporate cop says former Super Retail boss misled market over 'romantic or intimate' relationship
The corporate regulator has alleged that former Super Retail boss Anthony Heraghty engaged in a romantic relatioship with the group's HR boss Jane Kelly while they were both employed there, and may have resulted in a breach of his director's…
Major UK retailer closes website as it plunges into administration - in business 50 years
A luxury homeware shop is closing down. A famous luxury British homeware store has announced it will close its doors after more than 50 years in business. Designers Guild plunged into administration following a period of financial uncertainty…
SpaceX Is on the Verge of Making Dubious History Yet Again, and Retail Investors May Pay the Price
On June 12, Elon Musk's Space Exploration Technologies (SPCX -2.80%), better known as SpaceX, rewrote Wall Street's record books. The $85.7 billion raised from its initial public offering (IPO), including the underwriters' overallotment, was nearly…
India retailers weigh impact of upcoming UPI transaction fees
MUMBAI: Retailers in India are preparing for upcoming transaction fees on the country's widely used Unified Payments Interface (UPI) system, after authorities delayed their implementation until after Deepavali. The National Payments Corporation of…
iQmetrix and Stratus HR Partner to Give Wireless Retailers a Complete, Outsourced HR Department
Stratus HR, a full-service human resources outsourcing provider, today announced a partnership with iQmetrix, the Intelligent Commerce Operating System for telecom. As a Professional Employer Organization (PEO), Stratus HR becomes the complete…
Retailers back on alert after new wave of cyber attacks
When Asos customers were sent a cryptically-worded push notification on Tuesday last week, some shoppers thought they were being hawked the fast fashion retailer's new Christmas collection. One thought the alert was “some crappy marketing…
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