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.
Family-owned toy retailer The Entertainer has set its sights on expanding its own-brand store estate in Spain, following the opening of its first fascia in Valencia.
Prices charged by factories in China have risen at the steepest rate for more than three years, sparking inflation fears across the globe.
Judging by some of the latest data on retail sales, which rose by over 30% in March, the US retail sector has not so much emerged from the pandemic into the sunlit uplands as come forth into a blazing heatwave.
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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