South African retail giant Steinhoff is set to cut its debt and trim down its assets to focus on retail investments after a previous $7bn (£5.8bn) accountancy scandal.
Dr Martens unveiled a spike in full-year profits after direct-to-consumer sales soared. Retail Week spoke to chief executive Kenny Wilson about how he plans to run ahead of the market.
The Chinese retail market is dominated by two heavyweights – Alibaba and JD.com. However, new players are reinventing retail space, exploring new opportunities and challenging the market shares of the two giants.
As Aldi launches in China, Carrefour is scaling back. The French retail giant is the latest in a long line of big international retailers to dial down their presence in the Chinese market.
The best of global retail was celebrated last night at the World Retail Awards, held at the World Retail Congress in Amsterdam.