retailer

ZA Retailer Pepkor Reports 3.1% Revenue Drop, Cites Supply Chain Disruptions on Imports

ZA Retailer Pepkor Reports 3.1% Revenue Drop, Cites Supply Chain Disruptions on Imports

South African company Pepkor Holdings reported a 3.1% fall in its half-year earnings report due to ongoing supply chain disruptions at local ports that impacted its merchandise imports, but also reported a 9.5% revenue rise compared to the similar time period last year.

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GameStop’s Stocks Drop by 26% After This Week’s Mass Stock Market Move

GameStop’s Stocks Drop by 26% After This Week’s Mass Stock Market Move

GameStop plummeted 26% on the stock market on May 17 after a week-long attempt to sell up to 45 million shares.

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Express Clothing Chain To Close Approximately 100 Stores By 2022

Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy

US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores.

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Clothing and Accessories Emerged as The Biggest Category in E-Commerce, Outpacing Computer Hardware Sector

Clothing and accessories sector is outpacing other sectors in e-commerce sales. Some factors, including better shipping and return policies and changes in mobile uses, are encouraging more people to make more small purchases online.

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Nestle India's Maggi Failed Sample Tests in Uttar Pradesh

A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.

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Burberry Sued J.C. Penney for Selling Infringed Products Using Its Trademark Pattern

Burberry filed a lawsuit over the claim that U.S. retailer J.C. Penney sold infringed products. The retailer was accused of copying Burberry’s century-old pattern trademark and kept selling the product for up to two months after Burberry raised its objections.

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Ratan Tata is Investing in an Indian Premium Tea Online Retailer, Teabox

The businessman is considered as one of India’s most active investor. Ever since he retired as the Tata Group chairman, Ratan Tata has backed more than 20 startups until now. He is especially experienced in the tea markets, and Teabox is delighted to have him as an advisor as well as an investor.

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Aeropostale to slash headcount; reaffirms Q4 outlook

The New York based teen retailer plans to eliminate its corporate headcount as its sales fall. The company also reaffirmed its outlook for the fourth quarter.

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Target U.S. sales beat expectations, loss-making Canada unit faces review

Target Corp (TGT.N) on Wednesday reported its first increase in U.S. same-store sales in four quarters and a quarterly profit above expectations, but said it would review the future of its loss-making Canadian business after the holiday season.

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Gap CEO Murphy to retire, digital head Peck to take over

Gap Inc (GPS.N) Chief Executive Glenn Murphy will retire in February and hand over the reins of the apparel retailer to its digital business head Art Peck, as the company looks to tap customers' increasing preference for online shopping.

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Tesco seeks ingredient to be Britain's best-loved grocer again

Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain's biggest retailer - its high prices.

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Sears to close doors of Chicago flagship outlet in April

Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.

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Al Meera, the Qatari retailer, formalizes agreement for construction of malls in Qatar

Al Meera would be working with Al Muftah and Al Aliaa to construct malls in Qatar.

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Iconic Harrods to undergo renovation

The escalator at Harrods would undergo a major facelift and renovation.

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German Book Retailers Fight Back

German book retailers join forces to capture larger share in German ebook market.

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