Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Retail's Next Competitive Edge Is Recoverability
Akhilesh Sharma, Founder & CEO, A3logics —20+ years in digital transformation, AI & EDI. Firsthand insight into AI-augmented workplaces. Retail has spent the better part of the last decade competing on intelligence at the customer…
Court ends rehabilitation process for troubled retailer Homeplus
A court decided Friday to terminate rehabilitation proceedings for troubled discount store chain Homeplus, pushing the company closer to shuttering its doors as it struggles to find a buyer. The Seoul Bankruptcy Court rejected Homeplus' revised…
Meet Edie, the AI Behind Retail's Answer to ChatGPT
London-based data analytics firm EDITED is launching an AI platform tailored to the retail industry that is trained on more than a decade worth of market intelligence. EDITED, founded in 2009, has launched an AI platform that can help retail…
Trent's Retail Expansion: New Stores, Formats & LFL Growth Key to Future
Retail giant Trent is set for significant growth, outlining an ambitious expansion strategy that includes adding hundreds of new stores for its Westside and Zudio brands, diversifying into new fashion formats, and focusing on a crucial recovery in…
Bassett Furniture Shares Rise After 2Q Profit Increases on Stronger Retail Sales
Shares of Bassett Furniture advanced after the furniture manufacturer reported higher profit in the second quarter, helped by improved retail performance. The stock gained 8.6%, to $20.41, midday Thursday and is up 22% this year. Bassett reported…
A $12 billion electronics retailer says price increases are coming due to the memory chip shortage
Higher prices for smartphones and laptops are coming later this year, the boss of Currys, Britain's biggest electricals retailer, has warned, as the AI data center boom soaks up the world's supply of memory chips. Currys, a UK equivalent of Best…
John Winning named in legal case by former executive against retailer
Initial public offering candidate Winning Group has been dealt a fresh blow, with its former chief operating officer suing the high-end appliance retailer and its outgoing chief executive John Winning for unlawful dismissal. While there are…
Members of Congress Are Loading Up on Johnson & Johnson and UnitedHealth. Here's Why Retail Investors Should Pay Attention.
Investors closely monitor the stock trades of members of Congress. The logic is that these politicians serve on committees that set defense, financial, and healthcare policy, monitor government contracts, and shape regulatory frameworks, all of…
Death of the high street: New PlayStation policy sparks retail and fan uproar
Sony's latest move with PlayStation games has proven unpopular with both fans and retailers After PlayStation announced its controversial plans to ditch the production of game discs, gaming fans and retailers have hit back in fury. The shock move…
Retail workers uncertain about their future as Plaza Singapura starts major revamp in August
SINGAPORE: Retail workers in shops at Plaza Singapura said on Thursday (Jul 2) they are uncertain about their future, about a month before an estimated S$160 million revamp of the mall is due to start. In a Jul 1 circular from mall operator…
Bassett outlines plan to raise Retail gross margins by 200 to 250 basis points in mid-July as written sales rise 9.5% (NASDAQ:BSET)
Management plans to reduce annual expenses by $1.5-$2 million, raise retail gross margins by 200-250 basis points in mid-July, and use marketing/AI initiatives, but notes that SG&A remains stubbornly high and near-term costs will impact…
Retailer GAME will not 'stand idly by' after PlayStation axes discs, says it will continue to support physical media
PC Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Read More GAME will continue to support physical media, at least in Spain Video game retailer GAME has posted a heartfelt statement in…
Platinum Equity to invest in retailer Grand Appliance
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What's open and closed on July 4th: Grocery stores, pharmacies, retail, coffee shops
Planning to pick up last-minute supplies for your Fourth of July cookout? Before you head out, it's worth knowing which stores will be open — and which ones won't. Here's a breakdown of what to expect this Independence Day. Publix is open on…
Sephora just announced a global store change customers have been asking for
Sephora just broke new ground in the beauty industry, becoming the first beauty retailer to launch sensory-friendly shopping hours at a global scale. During their newly announced “Quiet Hours,” Sephora stores will lower their music…
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