The rivalry between Chinese fast-fashion giants Shein and Temu has reached new heights as Shein launches a scathing legal action against its competitor in the United States. In a complaint
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The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not
Boohoo, the struggling fast-fashion retailer, has found itself in a standoff with its suppliers after withholding payments due to claims of subpar clothing quality. The online budget specialist has allegedly
The situation facing Britain’s private equity-owned supermarkets is becoming increasingly challenging. Morrisons is experiencing a significant loss of senior management, with seven directors, including convenience director Miles Foster, property director
In 2009, supermarkets across the United Kingdom embarked on a self-service revolution, replacing traditional cashier-manned tills with automated checkouts. The aim was to speed up transactions and reduce labour costs.
Starbucks Corporation has announced a significant leadership change, appointing Brian Niccol, the current head of Chipotle Mexican Grill, as its new chairman and chief executive. This move comes in response
Asda, the UK-based supermarket chain, has experienced a notable decline in its grocery market share, according to recent data from Kantar. Over the 12 weeks leading up to August 4,
In a proactive move, Tesco, Britain’s largest supermarket chain, has agreed to introduce “digital passports” across its clothing range. This decision comes as the European Union prepares to enforce new
Commentators and institutional investors wondered if the first global sales drop since the pandemic was the result of a larger malaise. Chris Kempczinski’s chief executive acknowledged that “it is clear
Asda’s chief Mohsin Issa announced an emergency cash injection of £30m amid an alarming drop in sales at the troubled grocery chain. The investment package will be implemented by the
Carpetright collapsed in debts worth almost £345m. More than half are owed by customers, suppliers and landlords, as well as other unsecured creditors. Administrators from PricewaterhouseCoopers, who were called in
Adidas admits that it made a mistake in using Bella Hadid as a supermodel to promote a retro trainer brand dating back to the 1972 Munich Olympics. Bjorn Gulden is
Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal in order to save it. Tapi, a rival flooring chain
LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as well as eight other upmarket outlets shopping centres in Europe for £1.5 billion. L
The boss of Longchamp, who called for the reinstatement of tax-free shopping in Britain, warned that Britain was losing out on tourists with high spending habits. Jean Cassegrain said that
Burberry’s newly appointed chief executive, Joshua Schulman, fought through jet lag to reach the headquarters of the luxury group near the River Thames as soon as his transatlantic flight landed