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
Extensive store closings announced by Express, Rue21, CVS and Macy’s make for big headlines, yet in actuality, the U.S. retail landscape is stable. That’s a key takeaway from a Coresight Research report issued a few days ago showing this year’s pace of store closings is on a track similar to last year’s, reflecting “normalizing” trends … Read more
Nearly nine million Canadians lived in food insecure households in 2022, with 22.9 per cent of the population reporting some form of food insecurity, according to a Statistics Canada report released Friday. The data agency wrote in its annual Canadian Income Survey that 8.7 million people lived in households that reported some kind of food insecurity. … Read more
MILAN — Coltorti no more — the storied Italian multibrand retailer is changing gears after 90 years in business, adopting the moniker of Residenza 725 from April 10, when the rebranding will be officially revealed at its four physical doors in Italy and on its e-commerce site. The move signals “more than a mere restyling, but … Read more
