Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
3i Group Shares Plunge After Slowdown at Retailer Action
Shares in 3i Group tumbled as much as 25% in European morning trading Thursday, which would be their worst one-day percentage fall ever if maintained until close. The drop added to recent losses for a stock that more than halved its value over the…
Retail Stock Flashing Bullish Signal Ahead Of Earnings
Retail stock TJX Companies Inc (TJX) is in the midst of a five-week losing streak. The shares haven't turned in a positive week since an April 9 all-time high of $165.82. The upside for contrarian traders, though, is this extended pullback has TJX…
Consumer watchdog finds drone retail staff lack regulatory knowledge
The Consumer Council has uncovered a lack of awareness among retail staff regarding drone regulations, with some salespeople mistakenly believing the restricted devices are merely toys. SCROLL TO CONTINUE WITH CONTENT Staff of the watchdog recently…
Retailers keep tinkering with their AI shopping assistants, in search of better service
While seemingly every retail executive has talked up their efforts to embrace artificial intelligence over the past few years, actual help from AI assistants remains glitchy. This year, the AI race for retailers has been increasingly focused on…
For retailers, the comforts of the Coles ruling are a legal mirage
For the competition watchdog, this was the sweetest victory of all: a near-total win in its sham discount case against supermarket Coles, which now faces millions, possibly tens of millions, in penalties. At the heart of the case is Coles' storied…
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Sports retailer announces closure of 175 underperforming stores nationwide
JD Sports is planning to close about 175 Hibbett stores across the U.S. over the next three years to focus on fewer, more profitable locations. The British retailer bought Hibbett, an Alabama-based sporting goods chain, for about $1.1 billion in…
Outdoor Retailer, Backcountry to Partner at OR Show This August
Outdoor Retailer (OR) is changing things up for its August trade show in Minneapolis this year. The show, which will run from Aug. 19-21, will have a new hub spotlighting the next generation of outdoor brands through a partnership between OR and…
Everett grad students propose vacancy tax for large retailers
EVERETT — A group of master's students proposed a vacancy tax to prevent shuttered big box stores from sitting empty for years, the students said in a community meeting Friday. The five students — Anneke Beach-Garcia, Bethany Carlson…
Private Credit, Retail Fraud Top SEC's Enforcement Priority List
The new head of the US Securities and Exchange Commission 's enforcement division is keeping an eye on stress in the private credit market and retail investor fraud, signaling the top cop's priorities a week into the job. “Our focus is, and…
Robot Phoenix Intelligence's retail tranche became the most oversubscribed in history at 14,891 times
Robot Phoenix Intelligence's retail tranche for its Hong Kong initial public offering reportedly oversubscribed by 14,891 times on Wednesday, exceeding the historical record. SCROLL TO CONTINUE WITH CONTENT The industrial robotic technology company…
Retail Advertising Firm Stratacache Liquidates Its U.K. Business
Cannes Lions is where the biggest ideas take center stage. Join ADWEEK for must-see conversations, top industry leaders, and the moments everyone will be talking about. Stratacache, a company that sells in-store digital screens to retailers, is…
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AI Startup Spyne Expands Automotive Retail Presence With Tekion Collaboration
AI-powered automotive retail technology startup Spyne has partnered with Tekion to integrate its conversational AI platform ‘Vini' with Tekion's Automotive Retail Cloud (ARC), as dealerships increasingly adopt AI-led tools to streamline…
INEO Announces Patented INEO Welcoming DUO in Full Production with First Installation Underway in Leading UK Retailer
INEO Tech Corp. (TSX-V:INEO)(OTCQB:INEOF) (the ' Company ' or ' INEO ') announces that its patented INEO Welcoming DUO system is now in full production, with the first production unit being installed this week at a UK retail location. The INEO…
The Fashion Mall at Keystone to welcome new restaurants, retailers
INDIANAPOLIS (WISH) — Two new restaurants, three home décor retailers and a jeweler are coming to The Fashion Mall at Keystone, the Simon real estate investment trust announced Wednesday. Retailers will be Arhaus, Design Within Reach…
Fundies warn retail sector a 'graveyard' despite SkinKandy IPO buzz
High-profile retailing brands are struggling to turn around months-long share slumps as shoppers close their wallets, leading to warnings the small-cap consumer sector was beginning to look like a stockpicker's graveyard even as investors line up…
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