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H&M HOME to open concept store on London’s Regent Street in 2019

H&M HOME will be opening the new Concept Store in central London in Spring 2019: at 208 Regent Street. The new H&M HOME Concept Store covers approximately 700 square metres across two floors and will offer the full assortment,...

James Quincey to succeed Muhtar Kent as Chairman of The Coca-Cola Company

James Quincey has been elected as the 14th chairman of The Coca-Cola Company, succeeding Muhtar Kent, who plans to retire in April after a Coca-Cola system career that started in 1978.Quincey, who currently serves as President and CEO, will...

Retail stores still important for holiday shopping experience

ShopperTrak, a Tyco Retail Solutions’ brand, has released a more comprehensive report of shopper behavior during 2018 Black Friday week through the busy weekend, the period spanning from Sunday, November 18 to Sunday, November 25. For the analysis, ShopperTrak...

H&M Group streamlines and focuses on core business

The fashion industry is in a period of extensive change as a result of ongoing digitalisation. At the same time the H&M group’s transformation work is continuing at a fast pace, with the company prioritising and focusing on its...

US Cyber Monday online sales to reach record US$7 billion

American consumers were on track to spend US$ 7.8 billion in online shopping on Cyber Monday, up 18.3 percent from last year, according to Adobe Analytics, which tracks 80 percent of online transactions at 100 of the largest retailers...

‘Continued upward trend in consumers planning online purchases over the November-December holiday period’

A new international survey conducted by One Hour Translation has revealed a continued upward trend in consumers planning online purchases over the November-December holiday period this year, with the US leading the way. The survey conducted by OHT analyzed...

Nike Opens Nike NYC House of Innovation: The most personal and responsive sport retail experience

NIKE, Inc. Has opened its newest Nike House of Innovation, on Thursday, Nov.15 as Nike NYC: a 68,000 sq. ft., six-level, cross-category premium Nike store located at 650 Fifth Ave. Nike NYC is the pinnacle expression of modern retail,...

J.Crew announces CEO transition

J.Crew Group, Inc. has announced that a mutual agreement has been reached by the Board of Directors and Chief Executive Officer James Brett, who will step down, effective immediately."Jim's passion and experience brought new energy to J.Crew and enhanced...

Amazon to invest US$ 5 bn for 2 new headquarters in NYC, Virginia

Amazon on Tuesday announced it will invest US$ 5 billion to build two new headquarters in New York City and Arlington, Virginia.The move will create more than 50,000 jobs across the two new headquarters locations, with more than 25,000...

Kylie to expand her makeup line

Reality TV star Kylie Jenner has announced she is expanding her cosmetic line from online to in-stores.After launching her own makeup line in November 2015 and with the company nearly three years old, Kylie's products can be purchased from...

Alibaba generates record US$ 31 billion during Singles’ Day sale

Chinese e-commerce giant Alibaba on Monday announced generation of whopping US$ 30.8 billion in terms of Gross Merchandise Value (GMV) during Singles' Day sale -- the 24-hour annual shopping event -- held on November 11, beating the last year's...

Zara arrives in 106 markets thanks to its new global online store

Zara has launched online sales through a dedicated worldwide online platform - http://www.zara.com/ww - thus bringing its fashions to customers in 106 new markets.Most of these new markets are in Africa and include Angola, Cameroon, Congo, Ivory Coast, Senegal,...

Instacart unveils national expansion of new ‘Instacart Pickup’ grocery service

Instacart, the North American leader in online groceries, has announced the national expansion of Instacart Pickup, a new grocery click-and-collect service. Instacart Pickup gives customers the convenience of both delivery and/or pickup options, allowing them to order through Instacart...

Amazon reports US$ 56.6 bn revenue in Q3

Riding on its Cloud business, retail giant Amazon.com saw its net sales increasing 29 percent to US$ 56.6 billion in the third quarter this year, compared with US$ 43.7 billion in third quarter of 2017.Operating income increased to US$...

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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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