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Retail Industry News
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Gucci’s ‘Made in China’ sneakers test luxury pricing as Kering rebuilds flagship
Gucci has begun selling two sneaker designs labelled “Made in China,” an unusual departure from the Italian manufacturing identity attached to most of the luxury house’s footwear. Parent company Kering says specialized Chinese manufacturing was selected for technical reasons and that Italy remains central to Gucci’s production model.
Amazon’s biggest quick-commerce bet yet puts India rivals under fresh pressure
Amazon reportedly plans to invest $3 billion in India’s quick-commerce business through 2030 as it tries to close a large market-share gap with Blinkit, Swiggy, Zepto and Walmart-owned Flipkart. Amazon says its Now service has already exceeded $1 billion in annualized gross sales, but the company declined to confirm the confidential investment figures reported by Reuters.
Toys R Us plans 120 US stores as brick-and-mortar comeback accelerates
Toys“R”Us plans to open 120 standalone US stores for the 2026 holiday season, lifting its domestic standalone footprint from 40 to 160 locations as the toy market records its strongest first-half growth in six years and adult consumers drive a growing share of demand.
Loro Piana opens Ghemme plant as €1.7bn luxury brand protects craftsmanship
Loro Piana has inaugurated an 8,000-square-metre knitwear facility in Ghemme, Italy, in what the company describes as its largest industrial investment, strengthening vertical integration as the luxury house continues to outperform within a still-uneven luxury market.
Amazon reportedly plans $3bn India quick-commerce push through 2030
Amazon Now has already crossed $1bn in annualised gross sales, but the company remains a relatively small player in India’s intensely competitive instant-delivery market.
Why Pick n Pay chose Spencer Sonn as labour and supermarket reset continues
Pick n Pay has named former Woolworths Food executive Spencer Sonn as CEO-designate, setting up a long handover from Sean Summers as the retailer works to restore profitability in its Pick n Pay supermarket operations while majority-owned Boxer continues to deliver stronger growth.
Frasers tightens grip on Hugo Boss as Michael Murray takes chair with 48% stake
Michael Murray has become chairman of Hugo Boss’s supervisory board after Frasers Group built a 47.89% stake and signalled plans to move beyond 50%, deepening its influence over one of Europe’s best-known premium fashion brands.
Helloworld Travel to buy Crown Currency Exchange for A$135m in major expansion
Helloworld Travel Limited is buying Crown Currency Exchange for A$135 million, adding 68 foreign-exchange stores and A$22 million of annual underlying EBITDA in a transaction large enough to materially reshape the Australian travel group.
Nike is leaving an elite Wall Street club on Monday, and the $35 share price explains why
Nike will leave the S&P 100 before trading opens on September 21 after nearly 18 years in the blue-chip index, turning an index rebalance into another highly visible measure of how far the sportswear giant has fallen during its prolonged turnaround.
Wickes revenue rises to £865m as volume growth offsets retail deflation
Wickes Group increased first-half revenue and profit as stronger retail volumes and a growing Design & Installation order book offset price deflation across the home-improvement market.