Tag #Retail

Showing 13 to 24 of 277 results

zeit.de
🌐 75% Global Worthiness
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Kodi Sells 150 Stores, 80 to Close Amidst Insolvency

Kodi, a German discount retailer facing insolvency, has agreed to sell 150 of its 230 stores, retaining around 1200 employees, while 80 stores with approximately 480 employees will close, though further investor talks are ongoing.

Progress

32% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Retail Productivity Stagnation: Lessons from Sears' Rise and Fall

Sears' bankruptcy highlights the critical need for retail adaptation and reinvestment in innovation, as Accenture's analysis shows that only the top 25% of retail companies are achieving significant productivity growth, while 54% experience negative growth; Generative AI is poised to revolutionize p...

Progress

36% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 75% Global Worthiness
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Dutch A-Brand Supermarket Sales Drop 9% in 2024

The top 100 A-brands in Dutch supermarkets experienced a 9% sales drop in 2024 compared to 2023, primarily due to a tobacco sales ban and increased competition from store brands, alongside distribution issues stemming from retailer conflicts.

Progress

44% Bias Score

Responsible Consumption and Production
dailymail.co.uk
🌐 75% Global Worthiness
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Asda Launches Aggressive Price War, Sparking Market Volatility

Asda, facing declining market share after a 2021 takeover, launched a price war yesterday, cutting prices on 1,500 items by up to 45 percent to regain customers, despite concerns about profitability and operational issues.

Progress

44% Bias Score

No Poverty
china.org.cn
🌐 85% Global Worthiness
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Beijing Revamps Commercial Landscape to Boost Consumption

Beijing plans to revamp 12 commercial districts and add 1 million square meters of retail space by year-end, focusing on experiential retail and cultural integration to boost domestic consumption, as seen in successful projects like Beijing Hops On and Wanli.

Progress

40% Bias Score

Sustainable Cities and Communities
themoscowtimes.com
🌐 75% Global Worthiness
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Fix Price Expands into Serbia, Defying Sanctions

Russian discount retailer Fix Price will open several stores in Serbia in the second half of 2025, marking a rare instance of Russian business expansion in Europe since the Ukraine invasion and adding to its existing presence in Latvia.

Progress

24% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 75% Global Worthiness
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Dollar Tree Sells Family Dollar for \$1 Billion After Years of Struggles

Dollar Tree is selling Family Dollar to Brigade Capital Management and Macellum Capital Management for \$1 billion, a fraction of its \$9 billion purchase price in 2015, after years of struggles for the discount chain, including store closures, declining sales, and regulatory issues. The sale is exp...

Progress

44% Bias Score

Reduced Inequality
nos.nl
🌐 75% Global Worthiness
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Dutch A-Brand Supermarket Sales Drop 9% in 2024

The top 100 A-brands in Dutch supermarkets experienced a 9% sales decline in 2024 compared to 2023, primarily due to the tobacco sales ban and increased competition from store brands and fresh products. Disputes between manufacturers and supermarket chains further worsened the situation.

Progress

44% Bias Score

Responsible Consumption and Production
theglobeandmail.com
🌐 85% Global Worthiness
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Hudson's Bay to Liquidate Most Stores, Thousands of Jobs at Risk

Hudson's Bay Company, facing financial difficulties, is liquidating most of its stores in Canada, beginning Monday and concluding by mid-June, potentially resulting in over 9,300 job losses and over \$100 million in delayed or absent severance payments for employees.

Progress

48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Asos Shares Soar 22% on Improved Profit Outlook

Asos shares experienced a 22.6 percent surge on Friday, driven by improved profit expectations resulting from reduced markdowns, increased full-price sales, and cost-cutting. This follows a period of weak post-pandemic performance and a recent 17-year low in share price. Danish billionaire Anders Ho...

Progress

40% Bias Score

Responsible Consumption and Production
theguardian.com
🌐 75% Global Worthiness
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UK High Street Closures to Rise in 2025 Amidst Rising Costs

UK high street store closures fell to 12,800 in 2024, down from 13,000 in 2023, but rising business costs are predicted to increase closures in 2025, driven by tax increases and minimum wage hikes, impacting consumer spending and new store openings.

Progress

44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Hudson's Bay to Liquidate All Canadian Stores Amidst Trade Tensions and Economic Downturn

Hudson's Bay, a 354-year-old Canadian retailer, is liquidating all 80 of its stores and 15 Saks locations in Canada due to sluggish consumer spending, post-pandemic challenges, and trade tensions with the U.S., resulting in 9,364 job losses and over $950 million in debt to suppliers.

Progress

40% Bias Score

Decent Work and Economic Growth

Showing 13 to 24 of 277 results