International News

Matthew Gilsbach’s mother always said he was the perfect baby.He was quiet and good-natured. He didn’t cry if someone turned on the vacuum and didn’t flinch if someone dropped a dish. As he got older, his aunt – who...

The prolonged heatwave in the UK and major sporting events boosted spending on summer items such as outdoor and gardening products, BBQ food and holiday clothing, with consumers judging Tesco to be the retailer that had promoted its summer...

Menswear retailer Roger David has entered voluntary administration after being unable to cope with an influx of international competitors and the rapid evolution of online shopping.The company said in a statement, "Today marks a sad day in the long...

Skechers USA, a global footwear leader, has announced financial results for the third quarter ended September 30, 2018.“Achieving record third quarter sales is a notable accomplishment given the strength of our third quarter 2017 sales,” began Robert Greenberg, Chief...

Alibaba Group Holding Limited officially kicked off the 2018 11.11 Global Shopping Festival in China’s capital, promising this year’s mega-event will be the largest-ever in terms of scale and reach.Businesses within the Alibaba ecosystem will jointly offer hundreds of...

Nine West Holdings has announced that it, together with certain of its affiliates, has filed an amended chapter 11 plan of reorganization and related disclosure statement with the United States Bankruptcy Court for the Southern District of New York.The...

Amazon on Tuesday announced a new investment of US$10 million in Closed Loop Fund (CLF) to support recycling infrastructure in the US aimed at cutting the amount of waste treated at landfills.Amazon said its investment will increase the availability...

Sears Holdings Corporation has announced a series of actions to position the company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term. To facilitate these actions, the company and certain...

Walmart has acquired lingerie brand Bare Necessities."Customers are starting to see a different experience when they shop Walmart.com for fashion. The shopping experience is clean and modern. We’re offering editorial content to inspire customers. And, we’re significantly expanding our...

Adjusted for currency impact, IKEA franchisees’ retail sales grew by 4.5 percent in FY18. Total retail sales, which includes sales of both products and services to IKEA customers, amounted to EUR 38.8 billion. India and Latvia became new IKEA...

H&M and Klarna announced that they have entered into a global partnership. Together, H&M and Klarna will further integrate H&M's digital and physical stores to give customers a seamless, personalised and engaging shopping experience no matter where, when and...

Starbucks Corporation announced Patrick Grismer has been appointed Executive Vice President and Chief Financial Officer (CFO).Reporting to Kevin Johnson, Starbucks President and Chief Executive Officer, Grismer succeeds Scott Maw, who will retire on November 30. Maw will remain a...

The UK non-food retail sector has become reliant on the demise of weaker operators to maintain growth for the survivors, according to GlobalData a leading data and analytics company.The company estimates at least £1.5bn will be released by failing...

Walmart Inc on Tuesday said that it is planning to acquire plus-sized clothing startup ELOQUII.According to Andy Dunn, SVP of Digital Consumer Brands, Walmart US eCommerce, "This year, we’ve made great progress adding new brands, developing exclusive products, and...