Mixed update from JD Sports details progress in key markets but UK weakness
Retail giant JD Sports Fashion has issued a trading update for Q2 and the first…
Target doubles growth forecast, but cites caution as consumers remain stretched
Target raised its annual sales growth forecast for the first time in two years, but cautioned a tough macro environment ahead, as the retailer tries to turn itself around after an extended sales slump. Read More
Discount retailer TJX raises annual forecasts as US shoppers hunt for value
TJX Cos raised its annual comparable sales and profit forecasts on Wednesday, banking on resilient demand at its off-price retail stores as budget-conscious consumers increasingly shop for deals. Read More
Amazon.com defeats appeal claiming it aided tariff evasion
A U.S. appeals court on Wednesday rejected a whistleblower’s claim that Amazon.com helped foreign fur manufacturers evade tariffs on products sold on its platform, hurting domestic rivals. Read More
Gen Z shops less in store, prefers pick up/drop off for online ease – CACI habits report
What will changing consumer habits have on last-mile UK delivery patterns? For starters, Gen-Zers appear to be shopping less in-store and prefer pick up/drop dff points to facilitate their online shopping habits. Read More
‘May the fourth be with you…’ Affinity Outlets sees strong bank holiday trade linked to family-focused events
Outlet shopping centre operator Global Mutual is celebrating a strong May Bank Holiday weekend performance with its Affinity brand portfolio enjoying particularly positive sales and footfall over the three-day period. Read More
ASOS launches ChatGPT-based Stylist app to enhance shopper product discovery journey
It’s rare that a week goes by these days without some news of a major AI initiative from retailers and the latest is from ASOS with a ChatGPT link-up. Read More
Pepco makes progress in H1 but Dealz still a problem, Q3 sees clothing sales recovery
Pepco’s H1 saw “strong strategic execution” driving “substantial profit growth”. And while the start of Q3 has been slow due to cool weather denting clothing sales, the past few weeks have been stronger. Read More
Britain clinches $5 billion Gulf trade deal in shadow of Iran war
Britain said on Wednesday it had secured a trade deal with the Gulf Cooperation Council worth $5 billion a year in the long run. Read More
Cosmogen acquires Asquan to create a beauty-packaging heavyweight
Cosmogen, a French packaging specialist, has announced the acquisition of its Hong Kong-based competitor, Asquan, an expert in premium, multi-category packaging with a strong presence in the US market. Read More
Puma appoints Dennis Schröder as managing director Europe
With Dennis Schröder’s appointment, Puma is bringing on board an experienced executive with extensive expertise in sport, omni-channel retail, and team sports. Read More