By Planet Retail2010-09-14T16:59:00+01:00
X5 Retail Group has been granted permission to acquire discount chain Kopeika by Russia’s Federal Antimonopoly Service.
Permission for the acquisition had been delayed and was not expected to be considered until September 22.
American fashion chain Gap is considering closing all of its European stores and operating in the region purely through partnerships, potentially putting hundreds of jobs at risk.
From ways of working to new partnerships and changes of direction, the pandemic has brought out the best in retail as well as posing challenges. Directors of start-up businesses and big retail names share their takeaways.
Walgreens Boots Alliance has reported a drop in its fourth-quarter sales and profits exacerbated by a plunge in demand across the group’s UK arm.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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