On Tuesday, Japan’s Fast Retailing stated, it will be closing of its 50 Uniqlo clothing stores in the United States temporarily due to the Wuhan coronavirus outbreak. The move comes midst other retailers including Lululemon Athletica Inc, Nike Inc and… Read More ›
On Friday, two sources familiar with the matter at hand have disclosed, EssilorLuxottica’s $8 billion (7.2 billion euro) bid to acquire Dutch GrandVision will face a full-scale EU antitrust investigation, following the latter declining to offer concessions during an initial… Read More ›
Cyber Monday sales, riding on the back of a bumper Black Friday sales, are on course to bring in a record $9.2 billion, according to evening estimates. Shoppers have had nearly a month of offers and deals with retailers banking… Read More ›
According to a statement from Visa Inc, the Federal Trade Commission (FTC) has initiated a probe into whether its actions prohibited merchants from using other debit payment networks. Earlier this week, Bloomberg Law had reported that the FTC was investigating… Read More ›
If the development has cascading effect and more retailers pull J&J’s baby talc powder from shelves, it could significantly impact its earnings. Already J&J is facing lawsuits over allegations of asbestos in its talc. Following U.S. healthcare conglomerate Johnson &… Read More ›
Amnesty International wants battery makers to source minerals responsibly. Extraction of minerals for use in batteries have been linked to human right abuses. With all due respect to Amnesty, it should redirect its focus on the blatant harvesting of human… Read More ›
With Britain’s Competition and Markets Authority taking on a more active interventional approach in its latest ruling, the Sainsbury’s-Asda deal, which could create Britain’s biggest retailer, faces headwinds from multiple angles. Although Mike Coupe, Asda’s CEO was taped on camera… Read More ›
Big banks, including Citigroup Inc, JP Morgan Chase & Co, American Express Co, are looking for ways to boost credit card usage while cutting back on the rewards program. This is a must read if you were eyeing that free… Read More ›
The firm’s strategic decision to voluntarily file an early protection from bankruptcy in October 2018, gave it some much needed breathing room. On Thursday, Steinhoff International stated its Mattress Firm Inc unit, the largest mattress retailer in the United States,… Read More ›
Consider this snapshot: last year the UK imported food and drink worth 48 billion pounds, 71% of which were not subject to tariffs. As per the results of a study commission by Barclays that was released on Thursday, food suppliers… Read More ›
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