According to a research report from the retail team at Bain & Co., nominal U.S. retail sales are pegged to see a 4 percent increase, year-over-year, in 2025 — “barring major macroeconomic or geopolitical shocks,” the firm noted. The report also included “resolutions” that successful retailers are focusing on this year. “That equates to around … Read more
Last Updated:January 22, 2025, 23:19 IST The historic deal is expected to generate over 3 lakh employment opportunities across diverse sectors, including new energy, retail, hospitality, and high-tech manufacturing. The Maharashtra government and Reliance Industries signed a historic deal on Day 2 of the WEF Summit in Davos. (CMO Maharashtra) The Maharashtra government and Reliance … Read more
LONDON — Christmas brought little cheer to British retailers, and the new year isn’t looking much better as businesses brace for an onslaught of new taxes and spooked consumers tighten their purses. According to the latest figures from the British Retail Consortium, the three-month run-up to Christmas known as the “golden quarter” was disappointing, with … Read more
Renaissance Hotels on Thursday is debuting a new online retail concept that will connect travelers to unique makers from around the world to showcase hidden shopping gems. The R Finds digital marketplace features a range of unique products and treasures that leverage the hotel group’s knowledge and local presence around the world. From handcrafted leather … Read more
As the retail industry heads into the peak holiday shopping season, there’s a lot on the minds of executives, according to the latest survey from Multimedia Plus, which identified “product knowledge communications” as a top challenge for 32 percent of respondents. Product knowledge communications is how front-line workers are informed about products and services to … Read more
MILAN – Coin SpA is among the growing number of retailers feeling the pinch of growing inflationary pressure and reduced spending capacity, which has burdened its business with a heavy debt. The Italian retailer said Friday that a Venice court approved its admission to a “negotiated composition” measure aimed at protecting the company as it … Read more
Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in Canada and the U.S., was hit by back-to-back cyberattacks Wednesday. That led to … Read more
Ralph Lauren has, once again, turned timeless style into a pretty sweet paycheck. Lauren, who is executive chairman and chief creative officer at Ralph Lauren Corp., received a $19.7 million compensation package in fiscal 2024, an increase of 7.8 percent from the year before, according to the company’s proxy statement filed with regulators. That makes him … Read more
Canada’s Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anti-competitive conduct, court documents reveal, with Sobeys’ owner calling the inquiry “unlawful.” The Federal Court documents show the commissioner of competition launched the probes on March 1, saying there’s reason to believe the firms’ use of so-called property … Read more
Canada’s Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anti-competitive conduct, court documents reveal, with Sobeys’ owner calling the inquiry “unlawful.” The Federal Court documents show the commissioner of competition launched the probes on March 1, saying there’s reason to believe the firms’ use of so-called … Read more
