The Return of Black Friday Brings Return Headaches for Retailers
Centiro’s CEO, Niklas Hedin says: “Black Friday has undoubtedly provided a revenue boost for many retailers. Yet it does present them with a challenge.”
IKEA to Open First Store in Korea
Global furniture giant Ikea opens its first store in South Korea on Thursday (Dec 18), a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
A Closer Look at Europe’s Suffering Supermarkets
As discount chains knock spots off Sainsbury’s, Tesco, Asda, and Morrisons in the UK, grocers in Europe and further afield are suffering too.
Walgreens to Buy Remaining Stake in Alliance Boots
U.S. giant Walgreens is expected to announce a close to £6 billion ($10.1 billion) deal to buy the remaining stake in U.K. drugstore chain Alliance Boots on Wednesday morning.
Tesco Chief Exec to Step Down
Britain's biggest retailer, Tesco, have announced that Chief Executive Philip Clarke will step down in the later part of 2014.
Lidl on course to become Europe’s Biggest Grocery Retailer
The company behind the Lidl supermarket chain is set to become western Europe’s biggest grocery retailer by 2018 as discounters become mainstream across the continent.
Nestle Makes $1.4B Valeant Deal
Nestle bought the rights to several treatments designed for anti-aging from Canadian firm, Valeant Pharmaceutical International, for $1.4 billion in cash.
Dixons and Carphone Warehouse Agree $6.4 Billion Merger
UK company Carphone Warehouse and Dixons Retail have agreed a £3.8 billion proud ($6.38 billion) all-share merger, creating a powerful pan-European mobile phone and electrical group with approximately 2900 stores.
