STOCKHOLM/FRANKFURT (Reuters) – Fashion retailer H&M (ST:) said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team has taken a range of action and is inRead More →
Gap Inc. shares fell more than 10% in the extended session Thursday after the retailer said President and Chief Executive Officer Art Peck will be stepping down and cut it outlook for the third quarter and for the year. Peck will “depart from the company after a brief transition,” GapRead More →
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has sought more information from Amazon.com Inc (O:) about its planned acquisition of a stake in India’s Future Retail (NS:), sources with knowledge of the matter told Reuters, which could potentially delay the deal. Amazon in August agreed to acquireRead More →
By Aditya Kalra NEW DELHI (Reuters) – The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com (NASDAQ:) during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. India introduced new rules in February aimed at protecting the 130 millionRead More →
Drew Angere/Getty Images A man carries a Barneys New York shopping bag outside of the store in Midtown Manhattan. The iconic luxury department store filed for bankruptcy. Struggling Barneys may have finally found its savior in the form of London-based online retailer Farfetch, The Post has learned. Barneys, which hasRead More →
© Reuters. FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States’ largest retail shopping space, in King of Prussia (Reuters) – If the United States does impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $12.2 billionRead More →
Britain’s biggest clothing retailer is set to enter the residential-real-estate market as part of ambitious plans to boost the group’s financial performance. Marks & Spencer Group PLC MKS, +1.32% is to turn property developer as part of a major plan to unlock value across the retailer’s store estate. The strugglingRead More →
© Reuters. FILE PHOTO: The logo of Casino shop is seen in Nice PARIS (Reuters) – French supermarket retailer Casino (PA:), in the process of divesting assets to cut debts, has agreed to sell six of its ‘Geant’ hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million).Read More →
I’d like to share some thoughts about the many things I learned from my deep study of Sears, which have often inspired, informed and also cautioned me as a business-builder. I wrote “The Big Store” in 1987 about the retailer, and it has informed my time since 1994 helping AudibleRead More →
© Reuters. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store in Nanuet By Jessica DiNapoli and Mike Spector NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matterRead More →
