Retail Industry News

A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

forbes.com - Greg Petro - Will AI Doom Physical Retail Or Save It? Yes!
Will AI Doom Physical Retail Or Save It? Yes!
Forbes

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…

marketwatch.com - MarketWatch Automation - B&M European Value Retail climbs Wednesday, outperforms market
B&M European Value Retail climbs Wednesday, outperforms market
MarketWatch

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.

scmp.com - Themis Qi - Pop Mart rallies in Hong Kong on aggressive push into US retail market
Pop Mart rallies in Hong Kong on aggressive push into US retail market
South China Morning Post

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…

forbes.com - Yue Wang - Chinese Snack Retailer Busy Ming Soars Over 70% In Market Debut, Mints Two Billionaires
Chinese Snack Retailer Busy Ming Soars Over 70% In Market Debut, Mints Two Billionaires
Forbes

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…

bloomberg.com - Jennifer Creery - Frasers-Owned Game Retail Signals It's on the Brink of Collapse
Frasers-Owned Game Retail Signals It's on the Brink of Collapse
Bloomberg

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…

standard.co.uk - Holly Williams - Pets at Home narrows retail sales declines after cutting prices
Pets at Home narrows retail sales declines after cutting prices
Evening Standard

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…

independent.co.uk - Summer Woolley - Discount retailer enters administration with 137 stores at risk
Discount retailer enters administration with 137 stores at risk
The Independent

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…

fastcompany.com - Jennifer Mattson - Another apparel brand is closing all retail stores. It was once a tech bro favorite
Another apparel brand is closing all retail stores. It was once a tech bro favorite
Fast Company

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…

cnbc.com - Laya Neelakandan - Allbirds becomes latest retailer to close brick-and-mortar stores in shift to online focus
Allbirds becomes latest retailer to close brick-and-mortar stores in shift to online focus
CNBC

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…

axios.com - Christine Clarridge - Seattle-area crackdown on repeat retail theft
Seattle-area crackdown on repeat retail theft
Axios

Prosecutors are charging more retail theft cases as part of a push to address persistent theft by repeat offenders targeting the same stores across the Seattle area. Why it matters: Retail theft affects more than inventory — it shapes…

independent.co.uk - Holly Williams - Pets at Home narrows retail sales declines after cutting prices
Pets at Home narrows retail sales declines after cutting prices
The Independent

Pets at Home has revealed sales declines improved at its retail store chain after slashing prices on more than 1,000 products. The group reported a 1.1% drop in retail consumer revenues in its third quarter to January 1, marking an improvement on…

androidauthority.com - Taylor Kerns - Nothing says it's planning a retail location in NYC
Nothing says it's planning a retail location in NYC
Android Authority

Ryan Haines / Android Authority Nothing is opening a second retail location on February 14, in Bengaluru, India. In its announcement for the Bengaluru location, Nothing shared its plans to open stores in New York and Tokyo, as well. Nothing…

thesun.co.uk - Gemma Scerri - UK's 'biggest gaming retailer' is on brink of collapse after shutting 40 stores
UK's 'biggest gaming retailer' is on brink of collapse after shutting 40 stores
The Sun

A POPULAR gaming retailer has become the latest British company to be on the brink of administration. The nostalgic high street game shop registered its notice of intention to appoint an administrator this afternoon. Your info will be used in…

u.today - Caroline Amosun - Bitcoin Retail Demand Collapses Despite Crypto Market Recovery
Bitcoin Retail Demand Collapses Despite Crypto Market Recovery
U.Today

Although Bitcoin is moving toward a major price resurgence as bullish momentum returns to the crypto market, recent data from on-chain analytics platform Cryptoquant shows that retail investor participation is fading rapidly. While this suggests…

koreatimes.co.kr - Lee Kyung-min - Retail investors betting against Kosdaq rally see losses amid continued bull market
Retail investors betting against Kosdaq rally see losses amid continued bull market
The Korea Times

Retail investors who had bet on a sharp correction in the country's Kosdaq market are suffering growing losses as the tech-heavy index broke above 1,000 points for the first time, market watchers said Wednesday. This mirrors a recent retail…

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