All International articles – Page 47
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NewsAlibaba targets 2,600 new international brands for Tmall
Alibaba is aiming to add 2,600 new international brands to its Tmall marketplace by Singles’ Day, as the coronavirus has led to “significant growing demand” in China for imported goods.
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NewsIceland founder wins discount for completing buyback early
Iceland founder Malcolm Walker has negotiated a reduction in the amount he is paying to return the grocer to full family ownership, with the former majority stakeholder agreeing a discount in exchange for early payment.
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NewsForever 21 owner ABG completes £250m Brooks Brothers deal
Authentic Brands Group (ABG) and Simon Property Group have completed their $325m (£249m) acquisition of Brooks Brothers.
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NewsWalmart throws down gauntlet to Amazon with subscription service launch
Walmart has lifted the lid on details of its long-awaited subscription service as it ramps up its fightback against online rival Amazon.
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NewsWalmart and Microsoft join forces on TikTok bid
Walmart has joined forces with Microsoft to launch a multibillion-dollar bid for TikTok’s US business.
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NewsWorld Retail Congress goes digital for 2020
The World Retail Congress, sister brand to Retail Week and Retail Week Live, is launching a virtual Congress that will be streamed live on September 15-17.
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NewsFrasers Group considers mothballing Bob’s Stores chain after Nike severs ties
Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
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NewsEstée Lauder to axe 2,000 jobs as coronavirus hammers profits
Cosmetics giant Estée Lauder is cutting 2,000 jobs across the globe amid plans to close stores and department store beauty counters in the wake of the coronavirus crisis.
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NewsAlibaba profits surge as customer numbers jump during lockdown
Alibaba has smashed quarterly profit predictions as online sales surged during lockdown and demand for its cloud computing services soared.
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NewsGlobal Fashion Group breaks even as online shift boosts sales
Global Fashion Group recorded its second quarter of growth this year, as the ecommerce shift in fashion and lifestyle shopping “continues to accelerate”.
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AnalysisThe economics of ecommerce: Counting the costs of trading online
As countries went into lockdown when the Covid-19 pandemic hit, ecommerce was the sole channel still open to retailers of products deemed non-essential.
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Opinion‘UK retailers should look to China to support their Covid-19 recovery’
The Covid-19 crisis has had a global impact on consumer spending, shifting short-term purchase patterns and bringing long-term changes to the way we work, socialise and shop.
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Report StoreThe Ultimate Guide to Unlocking Global Growth: Part Two
Power your cross-border strategy for the new ecommerce
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NewsRent the Runway to close all stores to focus on ecommerce
Clothing rental business Rent the Runway has decided not to reopen its five bricks-and-mortar stores in the USA due to the Covid-19 pandemic and will focus instead on ecommerce.
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NewsPrimark, Tesco and other retailers partner with government on new supply chain fund
Some of the UK’s largest retailers have partnered with the government to help launch a fund designed to protect supply chains and support international workers.
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NewsWalmart joins forces with Instacart to boost same-day delivery credentials
Walmart has joined forces with Instacart to offer same-day delivery in four US markets as it seeks to rival Amazon’s rapid fulfilment proposition.
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NewsDr Martens eyes doubling of store estate after quick coronavirus recovery
The chief executive of Dr Martens has said he can envisage the retailer doubling its global store estate in the next five years, after a quick financial recovery from the coronavirus crisis.
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NewsPrimark commits to payment for outstanding orders
Primark has announced that it will pay its suppliers in full for any outstanding finished garments and fabric costs incurred since its stores closed in March.
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AnalysisDispatch: German shoppers stay local in fightback against coronavirus
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts who provide their insights into how they are coping with the pandemic.
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NewsShopify sales surge to topple rival eBay for first time
Shopify has registered a surge in second-quarter sales as revenues raked in through its websites surpassed those of rival eBay for the first time.