RetailNews

Canada's Iconic Hudson's Bay Co. Enters Partial Liquidation

6 days ago

In a significant move reflecting the ongoing challenges within the retail sector, Hudson's Bay Company (HBC), Canada's oldest retailer, is set to commence a partial liquidation of its assets starting Monday. This transition marks a pivotal moment for a company that has been a cornerstone of Canadian shopping culture since its establishment in 1670.

ASOS Faces Dismal Forecast as Analyst Predicts Stocks Plummeting

13 days ago

In an alarming new report, one of the leading analysts has issued a stark warning for ASOS, the famous online fashion retailer, predicting that the company's stock could plummet to its original listing price from 2001. This distressing forecast comes as ASOS grapples with a range of significant challenges that have impacted its market performance over the years.

Ocado Faces Setback as Market Expectations Fall Short Amid Sluggish Warehouse Expansion

1 month ago

In a disappointing turn of events for the online grocery retail leader, Ocado Group PLC has seen its stock plummet following an underwhelming outlook that has raised concerns among investors. The decline comes as the company grapples with a slower-than-anticipated rollout of its innovative warehouse technology, a critical component of its expansion strategy.

SHEIN Makes a Quiet Comeback to India in Partnership with Ambani Following 2020 Ban

2 months ago

In a surprising turn of events, fast-fashion giant SHEIN has returned to the Indian market due to a strategic partnership with billionaire Mukesh Ambani. This comeback comes nearly three years after the brand faced a ban due to compliance issues amid India's increasing scrutiny of foreign firms.

Curry's Restores Dividend Amid Boosted Cost Controls and Positive Forecast

3 months ago

In a significant move that underscores its commitment to shareholder value and financial stability, Curry's, the well-known retailer, has reinstated its dividend after a prolonged hiatus. This decision comes on the heels of improved cost management strategies and an optimistic outlook for the upcoming fiscal periods. The company’s board of directors declared a quarterly dividend amid reports that their cost control measures have started to yield positive results.

Dmart Faces Setback: Profit Misses Expectations Amid Intense Competition and Operational Challenges

3 months ago

Dmart, a leading Indian grocery chain, recently reported disappointing quarterly earnings, prompting a notable drop in its share price. The company's performance fell short of investor expectations as aggressive discounting and swift delivery strategies impacted profitability. This news has sent ripples through the retail sector, reflecting the challenges retailers face in a competitive market fueled by changing consumer behaviors.

Yamada Drops $10 Cashback Promotion Amid Rising Interest Rates

4 months ago

In a surprising turn of events, Yamada, a prominent player in the consumer market, has officially canceled its much-anticipated $10 cashback promotion, originally set to entice customers amid growing economic uncertainties. The decision, announced on December 3, 2024, comes in the wake of escalating interest rates that have cast a shadow over the promotional campaign.