German retail sales fell at their fastest pace since 2007 in April, data showed on Friday, but the drop was not as steep as expected in a sign of Germany's relative resilience during the coronavirus crisis.
European e-tailer Zalando has taken a major step forward in driving a more sustainability-focused retail sector post-pandemic, making sustainability assessment mandatory for its private labels and partner brands.
Debenhams is cutting more than 1,000 HQ and store jobs as 17 branches are set to close, with the firm hoping to emerge from administration as a more flexible entity that can meet the challenges of the new retail world.
When Sainsbury's new boss hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will be radically different from the one he might have imagined when he got the job.
Alibaba is emerging as one of China's biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand its businesses and solidify itself as a critical part of the country's socio-economic engine.
The lockdown may be easing, but the coronavirus continues to negatively impact many product sectors in the UK. Yet some sectors are already seeing a recovery of sorts with searches for certain products back on the rise.
British department store group Debenhams has cut “hundreds” of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people with knowledge of the situation said.
Pepkor Holdings said on Wednesday it does not expect to declare a dividend for financial year 2020, as it looks to preserve cash to tide over the coronavirus crisis after reporting a 13.6% fall in first-half earnings.
The coronavirus pandemic is highlighting growth in inequality in Communist Cuba as worsening shortages force most citizens to spend hours in line to purchase basic goods while the better-off are shopping online.