Deena M. Amato-McCoy Famous Footwear wants to get merchandise into its shoppers’ hands faster. read more
The event is more than just a big sale — it’s a massively ambitious bid to deepen Amazon’s reach with U.S.
Marianne Wilson A former Advance Auto and Starbucks executive has joined the executive team of the nation's largest bookstore chain. read more
Average UK household spend has dropped at its fastest rate in four years, as inflation and a “quadruple whammy” of bad news hit the economy. According to the latest data from Visa’s consumer spending index, spending fell by 0.3 per cent between April and June year-on-year marking the steepest decline since 2013. Non-essential items have been worse hit as consumers who are feeling their pockets getting increasingly lighter focus on necessities
German discount grocer has Lidl announced plans to open “at least one shop a week” amid £1.45 billion expansion push. Speaking to the Telegraph the retailer’s UK chief executive Christian Härtnagel said that he plans to open a further 60 stores per year in the UK, hoping to fill the gaps where shoppers didn’t have close access to a Lidl store. Doubling its 30 store openings from last year, Lidl has reportedly already agreed on locations for between 50 and 60 stores to open over the next two years.
MP’s have piled pressure onto Sainsbury’s to continue to back the 25-year-old Fairtrade campaign, after the grocer’s own “Fairly Traded” initiative threatens its future. 40 MPs across both parties, alongside shareholders and an 85,000-signature petition have urged the UK’s second largest grocer to stick with Fairtrade. Sainsbury’s new Fairly Traded scheme on its tea has been accused of undermining Fairtrade, and there are fears that the ethical label will extend to bananas and coffee in the future.
American Eagle Outfitters and Express expressed interested in the teen apparel retailer, but it has decided to go it alone in its turnaround.
The e-commerce giant raised its initial bid somewhat, but refused Whole Foods' request for $45 per share and asked the organic grocer to refrain from talking to other suitors.
The minimalist retailer, like West Elm, is turning to the hospitality business to expand its horizons and showcase its goods.