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…
Why Grocery Retail Needs A New Definition Of Value
Gadi Graus, CEO of A2Z Cust2Mate. The grocery industry is entering a new phase of competition. With 80% of Americans generally cutting back on spending and 28% specifically reducing supermarket purchases, grocers need to rethink the value…
[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…
Adobe's Case for Retailers to Be 'Always On'
It takes more than a good deal to draw consumers' attention, according to Varun Parmar, the senior vice president and general manager of Adobe GenStudio and Firefly for Enterprise. Adobe GenStudio applications are used by marketing teams to plan…
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…
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…
The Rise of Organized Retail Crime at Big Box Stores
If you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So how big is the “retail shrink” problem really? And why are stores…
Iceland to become first UK high street retailer to open shop in Falkland Islands
The supermarket chain Iceland has said it will open a shop on the Falkland Islands in early December. The shop, to be launched in partnership with a local retailer, Kelper Stores, will be the first UK high street brand to have a presence in the…
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…
Margaret Howell Makes Retail Push in South Korea With Samsung
LONDON — British fashion label Margaret Howell is expanding its retail presence in South Korea. It is set to open its first Korean store at the luxury-filled department store Shinsegae Main on Sept. 22, with additional locations to follow as…
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…
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…
Carolinas retailer rejoins South Portland's crowded furniture market
A South Carolina furniture store has joined a roster of furniture retailers in South Portland. Ashley Store and Outlet opened Aug. 27 at 405 Western Ave. The 44,000-square-foot store is a return to South Portland for the retailer's owner, Broad…
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…
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