Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Chubu Electric retail subsidiary mistakenly overcharged 5 million customers
Chubu Electric Power said Thursday that its retail unit had overcharged more than 5 million customers for over two years due to cost calculation errors. The extra charges, found at Chubu Electric Power Miraiz, affected at least 5,009,000 customers…
Consumers Find Retail AI to Be Intrusive, Study Shows
When it comes to consumers using AI for shopping, it all boils down to a matter of trust. That's according to a consumer survey from ThoughtSpot, the AI analytics company, titled “Trust, Tested: What consumers really think about retail…
[INTERVIEW] Korea is more than retail crypto market: BitGo CEO
Global crypto companies often underestimate Korea by viewing it primarily as a retail trading market, but that perception overlooks the country's sophisticated financial institutions, advanced technology infrastructure and growing demand for…
Korean retail investors in US stocks suffer as won strengthens
Hong, a woman in her 30s living in Seoul, is having second thoughts about her U.S. stock investments. 'I increased the share of U.S. stocks in my portfolio about two months ago because the Korean market was doing poorly. But the stronger won has…
Retail Roundup: Amazon Befriends OpenAI, and Walmart's Advertising Ambitions Grow
The future of brands gets decided here. Join the industry's top marketers at Brandweek for the ideas, insights, and connections shaping what's next. Get your ticket. Retail media is trying to get bigger. This week brought a wave of moves spanning…
iPhone 18 Pro pre-orders open Saturday as retailers weigh resale potential
Apple's new iPhone 18 Pro and Pro Max will open for pre-orders this Saturday (Sep 12), but a Sincere Podium retailer expects only the larger Pro Max to command a significant resale premium. SCROLL TO CONTINUE WITH CONTENT Apple unveiled the iPhone…
Scottish retail sales fall 0.2 per cent in August as summer growth comes to a halt
The fall marked a sharp slowdown from the three-month average growth of 5.3% and the 12-month average of 1.9%. Food sales dropped 0.2% year-on-year, continuing a subdued trend and falling below the 12-month average growth of 0.4%. Non-food sales…
This retail stock is 80% off its high. Cramer says it's still not time to buy
CNBC's Jim Cramer said Lululemon's more than 80% plunge from its record high still isn't enough to make the struggling athleisure retailer's stock a buy. He wants to see evidence that new CEO Heidi O'Neill can stabilize sales, revive international…
Viveks closes outlets after six decades of retail legacy
Viveks, a prominent name in the consumer durables space and Tamil Nadu's retail landscape, has shut its outlets across various centres. When contacted, the family responded through an e-mail note which said: “Since May 1965, Viveks has been…
Major retailer founded in 1910 closes 14 stores with more on the way
Even luxury retailers aren't safe from a tough economic climate, it would seem A major luxury fashion giant has closed more than a dozen stores this year alone, with more likely to follow due to a total overhaul of its global retail empire. The…
PS5 gamers can pre-order Marvel's Wolverine digitally for 10% off at this retailer
This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Marvel's Wolverine game for the PlayStation 5 is officially out on Tuesday, September 15, which gives players just a few days left to…
Plan to expand Cornwall's stadium and add homes, retail, food and drink
Truro City Football Club has announced a plan to expand its base at Langarth to include a 'stadium district'. It would include a new clubhouse and increased stadium capacity, alongside a mix of accommodation, community centre, 3G pitch, health…
Taylor Fritz Criticizes Difference Between Official US Open Tennis Balls and Those Sold at Retail
Taylor Fritz believes the tennis balls used at the US Open and the ones sold at retail aren't the same. The American star, who was upset in the fourth round by Francisco Cerúndolo, made a lengthy social media post on Thursday criticizing the…
Shoplifter banned from retail park after thefts including 'four right trainers
A prolific shoplifter has been banned from a retail park after the theft of thousands of pounds worth of goods from stores Four right foot trainers, over £2,000 of clothes including women's tops, £1,735 of steak and other meats and…
GameStop is reopening recently closed stores despite massive retail cuts - select locations return nationwide starting September 11
GameStop is bringing some of its recently closed stores back to life. The company announced on social media that “select closed stores” are reopening nationwide starting September 11, although it has not revealed exactly how many…
Receive a Daily briefing on Retail Industry News
Get Started