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Retail Industry News
1501 posts
L Brands, Sycamore Partners scrap $525m Victoria’s Secret Lingerie deal
US fashion retailer L Brands and private equity firm Sycamore Partners have agreed to mutually terminate the previously…
May 5, 2020
US department store chain Belk set to reopen stores from May
Belk, a US department store chain, is set to reopen its local stores from May after closing them…
April 30, 2020
US Foods wraps up $970m acquisition of Smart Foodservice Warehouse Stores
US Foods has wrapped up its $970 million acquisition of Oregon-based warehouse grocery store chain Smart Foodservice Warehouse…
April 26, 2020
BOX8 app to home deliver fresh essentials in 30 minutes in select Indian cities
Indian food delivery startup BOX8 app has started taking orders for the delivery of essential items like dairy…
April 20, 2020
COVID-19 lockdown in India : ShopClues to deliver essential items in 48 hours in Delhi and Gurugram
COVID-19 lockdown in India : ShopClues, an Indian online marketplace, announced that orders of essential items would be…
April 9, 2020
Shippo raises $30m to boost e-commerce shipping business
Shippo, a US-based e-commerce shipping solution provider, has raised $30 million through a Series C funding round to…
April 9, 2020
Transformco closes all Sears stores till April end amid coronavirus crisis
US retail holding company Transform Holdco (Transformco) said that it will temporarily shutter all its Sears stores till…
April 5, 2020
Casino Group to sell 567 Leader Price stores in France to Aldi for €735m
French retail company Casino Group has agreed to sell three warehouses and 567 Leader Price stores in France…
March 22, 2020
Costco acquires logistics solutions provider Innovel Solutions for $1bn
Costco acquisition of Innovel Solutions : US warehouse clubs chain Costco Wholesale Corporation has acquired Innovel Solutions, a…
March 18, 2020
Paper Source acquires 30 stores of bankrupt gift retailer Papyrus
Paper Source, a Chicago-based stationery and gift retailer has acquired 30 closed stores of the bankrupt lifestyle brand…
March 16, 2020