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Payless ShoeSource files for Chapter 11 bankruptcy; closes 400 stores with immediate effect

Discount footwear retailer, Payless ShoeSource said Tuesday that it has filed for bankruptcy and will immediately close 400 stores in the US and Puerto Rico. The closures could impact more than 2,000 employees. In a statement, Payless called the 400 location...

Amazon to open sixth logistic hub in Spain

The global e-commerce giant Amazon announced on Thursday that it would be opening a new logistics hub in Barcelona that would create hundreds of jobs. The centre would become the company's sixth logistics hub in Spain, Amazon has four of...

Ralph Lauren to close flagship Fifth Avenue store, cut jobs

Upscale fashion retailer Ralph Lauren said Tuesday that it would cut jobs and shutter its Polo store on Fifth Avenue in New York City as it seeks cost savings amid a sputtering turnaround effort. The retailer said Tuesday in a...

Burberry sells perfume, cosmetics arm to beauty giant Coty

Burberry will hand over its fragrances and cosmetics arm to American beauty conglomerate Coty in a deal worth approximately £180 million. Burberry said it would retain creative control of the division while beauty products maker Coty would bring its global...

Adidas's new pop-up store lets customers design sweaters, take them home in 4 hours

According to a Reuters report, Adidas has been testing a new “Knit For You” process at a pop-up store in Germany that allows shoppers to design a sweater and take home product within a few hours, Reuters reports. At a...

Grimaldi's Pizzeria to expand into United Arab Emirates

Grimaldi's Pizzeria announced on Thursday that the company plans to expand internationally by opening five of its world-famous, coal-fired, brick-oven pizzerias in the United Arab Emirates over the next five years. Partnering with Tablez Food Company to ensure a seamless expansion,...

Nordstorm trims 106 customer service jobs in the US

Nordstrom last week eliminated 106 customer care jobs. The Seattle-based retailer said the positions being eliminated, customer-care specialists, had been made obsolete by improvements to its overall shopping experience. No other job cuts are in the works right away despite the...

Pop star Emma Bunton co-launches eco-friendly baby brand, Kit & Kin

Popstar Emma Bunton has co-launched a new brand of premium performance bio-degradable nappies and certified natural skincare for mothers and babies. Alongwith co-founder Christopher Money, Emma has released a line nappies which claim to 'provide maximum comfort, dryness and security...

Amazon launches AmazonFresh Pickup service in Seattle

Amazon has launched AmazonFresh Pickup service from two locations in Seattle. It enables consumers to order thousands of grocery items (including meats, fresh produce, bread, dairy and household essentials) through the e-commerce kingpin's website or mobile app for local...

2.25 million retail workers in Britain risk being replaced by robots

More than 10 million UK workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age, a report said on Friday. The report by the...

Amazon launches innovation service centre in China

The cloud-computing arm of Amazon on Tuesday launched its first joint innovation service centre in China's Qingdao. The Qingdao-Amazon Web Services (AWS) centre aims to provide cloud-computing services -- including web services, new technologies such as cloud-computing and big data,...

Souq to benefit immensely from its acquisition by Amazon

Souq.com, one of the biggest online retail and marketplace site in Middle East, will benefit immensely from its acquisition by e-commerce major Amazon.com, said the company's CEO and Co-founder, Ronaldo Mouchawar. Amazon.com and Souq.com in a joint statement today said...

Apple opens new stores in China, Germany

While Apple's retail team is currently remodelling all its stores, the company expanded its reach with three new stores in China, Germany and the US. More than 350 store employees at the new stores in Nanjing (China), Cologne (Germany) and...

Coca-Cola CMO retires amid leadership changes

Coca-Cola’s global chief marketing officer Marcos de Quinto has put down his papers amid leadership changes, as reported by many international media reports. The soft drink giant is consolidating its marketing, customer and commercial leadership strategy into one combined function....

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How the denim industry is keeping itself green

With the global denim segment projected to hit $95 billion by 2030, it poses a dual threat to both...
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