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Prada to Open 8,000 sq ft Store in Hong Kong

Prada is renting an 8,000 sq ft store in K11 Musea, a harbourfront luxury shopping centre by New World Development, according to reports. Construction work for the two-floor store will.

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Burberry Replaces CEO Amid Slumping Sales

British luxury group Burberry named former Michael Kors boss Joshua Schulman as its new chief executive, axeing Jonathan Akeroyd after two years as it warned on profit and scrapped its.

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Europe’s Fastest Growing Online Retailer Breaks Even

About You, one of Europe’s fastest growing online fashion stores, recently announced a positive adjusted EBITDA in the first quarter of 2023/2024, reaching break-even earlier than expected. Defying continued volatile.

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Pepsico Loses Fizz as Q2 Revenue Goes Below Expectations

PepsiCo missed expectations for second-quarter revenue as a series of price hikes and competition from private-label brands slowed sales of its snacks and soda mainly in the USA, its largest.

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USA Retailers on Toes for Back-to-school Business

While American children may wish summer vacation would never end, retailers want back-to-school season to start earlier than ever – preferably now – and are timing promotions ahead of Amazon’s Prime.

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Fresh Food Retailer Spinneys Opens First KSA Store

Spinneys, the UAE’s leading premium fresh food retailer, has announced the launch of its first-ever store in Riyadh, as part of a wide expansion plan throughout the Kingdom of Saudi.

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Toblerone Made in the West Still Sold in Russia

Russians are still indulging in foreign-made Toblerone chocolate, showing the difficulty of USA manufacturer Mondelez’s plan to isolate its business in the country from its global operations. Facing continuing pressure.

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Australia Warns Big Supermarket Chains

Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government has said as it seeks to address.

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McDonald’s to Serve $5 Meals in Select USA Stores

McDonald’s will roll out its $5 meal deal from June 25 for a limited time at some restaurants across the USA, the burger giant has said, as fast-food chains ramp.

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Walmart Against Plan to Install Panic Buttons in Stores

Retail giant Walmart says it is against putting panic buttons in stores — a move that the New York legislature wants to require under a new law aimed at keeping.

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