Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Will AI Doom Physical Retail Or Save It? Yes!
Will AI Doom Physical Retail Or Save It? Yes! For all the chatter in the past year or so about the role of AI in the consumer economy, its potential impact on the brick-and-mortar shopping experience is only just taking shape. Opinions, of course…
Discount retailer enters administration with 137 stores at risk
The Original Factory Shop has fallen into administration, putting the future of the chain's 137 stores and 1,180 staff at risk. The discount retailer appointed administrators from Interpath Advisory on Wednesday and will continue to trade from its…
B&M European Value Retail climbs Wednesday, outperforms market
Shares of B&M European Value Retail S.A. BME rose 3.47% to £1.76 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the FTSE 100 Index UKX falling 0.52% to 10,154.43. B&M European Value Retail S.A.
Retail Leaders Launch 'Go Red, Shop With Heart,' an Industry-wide Initiative Supporting the American Heart Association
A coalition of retail leaders has come together to launch “Go Red. Shop With Heart,” an industry-wide initiative designed to raise awareness and funds for the American Heart Association throughout the month of February, which is…
Pop Mart rallies in Hong Kong on aggressive push into US retail market
Pop Mart extended its rally in Hong Kong on Wednesday after unveiling an accelerated push into the US market, underscoring how overseas expansion is helping the Chinese toymaker offset lingering pressures at home. The maker of Labubu figurines…
Chinese Snack Retailer Busy Ming Soars Over 70% In Market Debut, Mints Two Billionaires
From left, Busy Ming deputy chairman Zhao Ding, chairman Yan Zhou and Bonnie Chan, CEO of Hong Kong Exchanges and Clearing. Busy Ming Group, a Chinese snack retailer known for its low-cost products, has minted two billionaires thanks to its…
UOBAM Malaysia launches Greater China equity fund for retail investors
KUALA LUMPUR: UOB Asset Management (M) Bhd (UOBAM Malaysia) has launched the United Intelligence Series – Greater China Fund (UIS-GCF), offering Malaysian retail investors exposure to Greater China equities through a feeder fund structure.
Frasers-Owned Game Retail Signals It's on the Brink of Collapse
Hundreds of jobs are at risk after Game Retail, the video game chain owned by Mike Ashley's Frasers Group, signaled it was on the brink of collapse. The UK's biggest gaming retailer, which sells consoles, games and accessories, filed a notice of…
Robinhood to Vie for Key Retail Role in Mega SpaceX IPO
Robinhood Markets Inc., the upstart broker credited with getting young people hooked on trading, is vying for a key role in SpaceX 's blockbuster initial public offering, according to people familiar with the matter. Robinhood is jockeying with…
Pets at Home narrows retail sales declines after cutting prices
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Pets at Home has revealed sales declines improved at its…
Discount retailer enters administration with 137 stores at risk
The Original Factory Shop has fallen into administration, putting the future of the chain's 137 stores and 1,180 staff at risk. The discount retailer, which sell products including clothing and homeware, appointed administrators from Interpath…
Malaysia 'Mom-and-Pop' Retailer Eyes $750 Million IPO Valuation
KUALA LUMPUR, Malaysia—One of Malaysia's largest convenience-store chains is planning an initial public offering that would give it a market value of around $750 million, people familiar with the process said. KK Super Mart is planning to go…
Another apparel brand is closing all retail stores. It was once a tech bro favorite
Allbirds shoe brand announced on Wednesday that it will close all of its U.S. stores by the end of February (with the exception of two outlets) and go online, turning to e-commerce instead. It will, however, continue to operate two London-based…
Allbirds becomes latest retailer to close brick-and-mortar stores in shift to online focus
Allbirds announced Wednesday that it will close all of its full-price U.S. stores and shift its focus to e-commerce to boost profitability. The company will continue to operate two outlet stores in the U.S. and two full-price stores in London. It…
Retail investors welcome gov't plan for single-item leveraged ETFs amid semiconductor boom
Kim Moo-jin, an office worker in his 30s, said he was glad to hear news reports about the government plan to introduce leveraged exchange-traded funds (ETFs) tracking Korea's leading listed companies, including major semiconductor manufacturers.
Receive a Daily briefing on Retail Industry News
Get Started