retail
Stories tagged retail.
Mid-Market Fashion Brands Accelerate African Expansion
The trend of international fashion brands entering Africa is picking up speed, led by mid-market players, while luxury labels face stiff competition from European rivals.
Myer shares plunge 12% after retailer flags sharp consumer spending slowdown
Australian department store operator Myer reported a steep decline in consumer demand during June and July, sending its shares down more than 10% on Monday.
Jewellery Sales Emerge as Key Differentiator for Luxury Groups Amid Fashion Slump
As luxury conglomerates face declining fashion sales and geopolitical headwinds from the Middle East conflict, investors are zeroing in on jewellery performance as a critical factor in determining market winners.
Sports Direct Opens Dublin Flagship, CEO Criticizes UK Retail Taxes
Sports Direct and Everlast Gyms+ have opened a combined flagship store on Dublin's Henry Street, replacing a former Debenhams. The CEO also used the occasion to criticize UK tax policies.
Michaels' AI Assistant Doubles Conversion Rate with Google Gemini
Michaels reports that its Google Gemini-powered shopping assistant, Ask Mike, has achieved a conversion rate more than double that of traditional search since its quiet launch in May.
Denim Takes Center Stage as Back-to-School Shopping Season Lengthens
Retailers including Pacsun, Kohl's, and Gap are launching denim-focused back-to-school campaigns earlier than ever, as shopping begins weeks ahead of past years.
China Unveils First Five-Year Plan to Boost Consumption, Targets $9 Trillion Retail Sales by 2030
China's cabinet has issued its first five-year plan dedicated to boosting consumption, aiming for annual retail sales of 60 trillion yuan ($9 trillion) by 2030 and promising to raise household incomes significantly.
Sainsbury's opens first Manchester Airport store in Terminal 3
Sainsbury's has opened its first store at Manchester Airport in Terminal 3 arrivals, offering convenience products and online collection services for Argos and Habitat.
Hong Kong Airport Seeks Bids for Two F&B Concessions in Terminal 1
Airport Authority Hong Kong has launched tenders for a boutique restaurant and a coffee shop concession at Hong Kong International Airport's Terminal 1 and Midfield Concourse.
Shanghai's 'Beer Lady' Turned a Grocery Store into a Craft Beer Hub
Yindi Zhang, known as the Beer Lady of Shanghai, grew a small neighborhood grocery into a beloved craft beer destination with multiple stores, surviving the pandemic by converting a suburban store into a central kitchen.
AS Watson Leverages Data and AI to Fast-Track Beauty Brand Launches
The global retailer is using its vast consumer data, artificial intelligence, and 17,000-store network to help beauty brands move from concept to commercialization more efficiently.
Liberty Appoints Laura Simpson as CMO, Expanding Beauty Role
Laura Simpson has been named chief marketing officer of Liberty London, adding the title to her existing role as managing director of the store's beauty division, LBTY.
Damson Madder Opens First Permanent Store at Selfridges London
Shams Acquires Fragrance Tech Firm Scentys
French olfactory design company Shams has acquired fragrance technology specialist Scentys, combining expertise in scent creation and diffusion to expand in luxury, retail, and hospitality.
Temporary gains mask weak Thai retail demand in Q2 2026
Thailand's retail sector failed to show a broad-based consumption recovery in the second quarter of 2026, with recent gains driven by pull-forward demand and base effects rather than stronger underlying spending, according to CGS International.
Tailored Brands files for US IPO, marking return to public markets
Tailored Brands Inc., owner of Men's Wearhouse and other menswear chains, has filed publicly for an initial public offering, signaling its latest move to return to public markets.
Fast Retailing Lifts Profit Forecast Despite Yen Weakness and European Heatwaves
Fast Retailing, the Japanese parent company of Uniqlo, raised its annual profit forecast on Thursday citing strong global sales, while warning that the weak yen and heatwaves in Europe pose challenges.
Luxury brands accelerate AI adoption as consumer usage surges
A new joint study reveals that luxury executives are rapidly prioritizing AI, with 22% ranking it among their top three strategic priorities by 2026, up from 5% in 2024. Meanwhile, 55% of luxury consumers now use AI in their purchase journey.
TOTEME Opens Miami Boutique at Bal Harbour Shops
Swedish fashion label TOTEME has opened a 1,010-square-foot boutique at Bal Harbour Shops in Miami, blending Scandinavian aesthetics with local tropical influences through a design by Stockholm architects Halleroed.
Luxury Brands Elevate AI to Top Strategic Priority as Consumer Adoption Surges
New research shows a sharp increase in luxury houses ranking artificial intelligence among their top corporate priorities, even as consumer AI usage for shopping outpaces brand deployment.
Singapore Consumers Quietly Abandon Brands After Losing Trust
Most Singapore consumers who lose trust in a brand choose to silently disengage rather than complain publicly, posing a hidden reputational risk for companies.
Perth Airport Unveils Revitalised Terminal 1 International Retail and Dining Precinct
Perth Airport has opened 14 new and refreshed outlets in its Terminal 1 International precinct, featuring Western Australian brands and global retail partners.
Nike turnaround wobbles as China sales slump 17%
Nike's global recovery under CEO Elliott Hill is showing signs of progress, but China sales continue to slump, falling 17% in the latest quarter.
ALAÏA Opens New Boutique in Miami Design District
The French fashion house has opened a new boutique in Miami's Design District, featuring an Art Deco-inspired interior by Stockholm-based architecture firm Halleröd.
Amazon Prime Day Sales Rose 9% to $26.4 Billion Amid Inflation
US shoppers spent $26.4 billion during Amazon's Prime Day event from June 23-26, a 9% increase from last year, as inflation drove demand for deals on essentials and electronics, according to Adobe Analytics.
Nike Faces ‘Show Me’ Moment Ahead of Earnings Report
Nike is under pressure as investors seek signs of stabilization, with sales declining in seven of the past eight quarters.
Fashion Sales Fuel Trafford Centre Growth, Says Operator
Manchester's Trafford Centre has seen a strong year, with fashion sales driving momentum, according to operator Pradera.
Reformation Files for IPO After Surpassing $500M in Sales
The Los Angeles-based womenswear brand has filed for an initial public offering on the New York Stock Exchange, citing 20 consecutive quarters of double-digit revenue growth.
H&M Q2 Profit Misses Expectations, Raising Turnaround Doubts
H&M reported weaker-than-expected second-quarter earnings, casting uncertainty over its turnaround strategy amid fierce competition and cautious consumer spending.
Imperial College First University to Launch Branded Merch With Wetland-Grown BioPuff Insulation
Imperial College London has become the first university to offer branded merchandise insulated with BioPuff, a sustainable material grown in wetlands.
Amazon Prime Day to test US consumer spending power as focus turns to essentials
Amazon's Prime Day sales event, starting Tuesday, will gauge U.S. shoppers' financial strain as promotions shift toward basic necessities rather than discretionary splurges.
Shoezone expands payment options with American Express acceptance
Discount footwear and accessories retailer Shoezone now accepts American Express both in-store and online, responding to rising use of the card among younger shoppers.
Ralph Lauren Opens Wimbledon-Themed Pop-Up in London's Sloane Square
Ralph Lauren returns to Sloane Square with a month-long Wimbledon-themed pop-up, featuring a clubhouse, viewing platform, and retail shops, starting June 29.
Luxury Brands Double Down on Summer Destinations to Lure Wealthy Clients
Mytheresa, Gucci, Jacquemus and Burberry are staging seasonal activations in Monaco and Athens, extending the luxury beach club trend into its ninth year.
China's 618 Shopping Festival Growth Stalls
E-commerce growth during China’s 618 festival has stalled, according to a round-up of global market news that also covers Panama’s luxury malls, Polish retailer LPP, and Indian textile exporters.
Beauty Brands Embrace Tactical Deflation to Woo Budget-Conscious Shoppers
In response to a K-shaped economy, mass and masstige beauty brands are cutting prices to drive growth as consumers tighten spending.
Hill House Hits $110 Million in Sales, Eyes Next Chapter
Six years after its nap dress went viral during the pandemic, Hill House has grown to $110 million in sales and is expanding through collaborations and retail.
ASOS brings Face + Body beauty pop-up to London Lido during heatwave
ASOS launched a pop-up store at the London Lido to showcase its Face + Body beauty category, timed with the UK's hottest days.
Isaac Mizrahi Returns to Target in Bid to Revive Apparel Sales
Target is reuniting with designer Isaac Mizrahi, who helped pioneer its designer collaboration model, in an effort to rejuvenate its clothing offering. The move must go beyond nostalgia to succeed.
Lakeside Mall Launches Brompton Arcade for Independent Brands
Lakeside shopping centre in Essex has opened Brompton Arcade, a dedicated space for independent brands and local entrepreneurs.
Amouage Opens First West Coast Flagship in Beverly Hills
Omani luxury fragrance house Amouage has opened a new flagship boutique in Beverly Hills, marking its first store on the U.S. West Coast. The boutique, named 'The Wadi,' brings the brand's Omani heritage to Los Angeles.
China's '618' Shopping Festival Shows Signs of Waning Excitement as Consumers Tighten Spending
The annual '618' e-commerce bonanza, a key barometer of China's retail health, appears less vibrant this year as cautious consumer behavior amid the economic slowdown leads to noticeably smaller package piles at delivery stations.
Retail real estate advisor LM makes three key appointments
UK independent retail and leisure real estate adviser LM has made three key promotions “strengthening the firm’s reputation for innovation, collaboration and nurturing internal talent.”