Walmart shares fell after a former executive filed a suit claiming the retailer issued misleading e-commerce results.
The Lululemon challenger is adding brick-and-mortar stores to its growth strategy as the retailer looks to make it big in a competitive category.
US based accessories retailer Claire’s is reportedly on the verge of collapse as it prepares to file for bankruptcy. According to Bloomberg the retailer is sitting on around $2 billion (£1.44 billion) of debt, more than 10 times a key measure of its annual earnings. The move to file for bankruptcy comes ahead of a $60 million (£43.25 million) interest payment which is due on March 13
Sixty-three staff members who work at Maplin’s head office have been made redundant as part of the retailer’s administration process, plunging further doubt on the future of its 2500 shop floor staff. It comes after the retailer, owned by private equity firm Rutland Partners, last week drafted in PwC as administrators after attempts to rescue the chain through a sale fell through at the last minute. Staff at Maplin’s offices in London and Rotherham have so far been affected by the administration
Considering the off-price sector's advantages in good times and in bad, the retailer has plenty of potential, some analysts say.
From acquisitions to brand introductions, the retailer is building an online strategy that hinges on stores and is finally paying off, an executive said at the eTail West conference Wednesday.
Jim Cramer gives credit to Macy's CEO Jeff Gennette for revamping Macy's and brightening the retailer's outlook.
The company posted a heady profit increase and respectable comparable sales, but one analyst said the retailer is still in danger of irrelevance.
Walmart shareholders fell victim to elevated expectations as the retailer's e-commerce sales growth waned.
The retail giant's Canadian arm has partnered with Food-X to add food to its e-commerce offerings as the retailer looks to push deeper into urban markets.