China’s Alibaba to apply for dual primary listing in Hong Kong By Reuters Alibaba Reuters The e-commerce giant’s move, announced on Tuesday, comes as both Washington and Beijing sharpen scrutiny over Chinese companies’ listings, and after a devastating regulatory crackdown…
Nordstrom adopts ‘poison pill’ days after Mexican peer buys stake By Reuters Nordstromhas adopted a “poison pill” to prevent investors from amassing 10% or more of its shares, the company said on Tuesday, just days after a Mexican retailer built…
Primark continues US expansion, adding three New York region stores Value fashion retail giant Primark Primark’s new Roosevelt Fields store With a target to reach 60 US stores by 2026, the trio of New York Metro openings are in Roosevelt Field in Garden City;…
Mango invests in sustainable startup Recovo Translated by Roberta HERRERA Mango Mónica Rodríguez, co-founder and CEO of Recovo; Marta Iglesias, co-founder and COO of Recovo; Gonzalo Sáenz; co-founder and CMO of Recovo; and Belén Rallo, director of Mango StartUp Studio..…
Thanksgiving weekend shopping breaks records: NRF A record 196.7 million Americans shopped in stores and online this Thanksgiving weekend, spending an average of $325.44 on holiday-related purchases, according to the annual survey released tuesday by the National Retail Federation and…
U.S. retail sales rise solidly; fourth-quarter GDP estimates raised By Reuters U.S. retail sales rose more-than-expected in October as households increased purchases of motor vehicles and a range of other goods, suggesting that consumer spending was picking up early in…
Eddie Bauer names new CEO Outdoor apparel and lifestyle brand Eddie Bauer has named outdoor veteran executive Tim Bantle as chief executive officer. Eddie Bauer names new CEO. – Facebook: Eddie Bauer In this role, Bantle will be responsible…
Foot Locker opens new U.S. distribution center in Reno Foot Locker Foot Locker Spanning 465,000 square feet, the more than $40 million investment facility will up Foot Locker’s U.S. distribution capabilities, with the unit handling more than 20 million units and…
Avery Dennison’s Q2 net sales up 11.7% By Fibre2Fashion Avery Dennison Corporation, a US-based materials science company specialising in the design and manufacture of a wide variety of labelling and functional materials, has reported that its net sales increased by…
Forever 21 to open 14 new U.S. stores Forever 21 Forever 21 to open 14 new stores. – Forever 21 The retail expansion plan officially launched in August with the opening of a new location at the Gran Plaza OutletsPremium…
