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Retailers Risk Losing Share To Amazon -Analyst

From Target Corp. (TGT) and Kohl's Corp. (KSS) to Best Buy Co. (BBY) and Bed Bath & Beyond Inc. (BBBY), retailers are facing increased risk of losing share to online retailer Amazon.com Inc. (AMZN), a study showed Monday. In...

Ikea aiming to spread its influence across China

It's been a big two weeks for Ikea's Chinese operations, with the opening of a massive new store in Shanghai - its second-largest outlet in the world - and the announcement that the Swedish retail giant plans to continue...

Best Buy to downsize brick-and-mortar footprint

Amid weak sales and growing online competition, Best Buy plans to sublease space at its stores to smaller retailers, joining the ranks of big-box giants that are shrinking store sizes. When it comes to retailing, big is not so beautiful...

Best Buy gives big boxes the boot

Best Buy has put its "big box" strategy under review worldwide, with management braced for considerable shrinkage.The US retailer set up shop in the UK last year - it has ten megastores with another on the way in Enfield...

Tesco misses UK sales forecasts, overseas better

Tesco, the world's No.3 retailer, missed forecasts with a second consecutive quarterly fall in underlying sales in its main UK market, as rising prices and government cutbacks hit shoppers.The supermarket group said on Tuesday sales at British stores open...

Best Buy Europe strategy under review

Best Buy is poised to put its European expansion plans on hold, a move that could raise questions over its commitment to electricals retailing in the UK.Best Buy Europe is unlikely to make a final decision by the time...

Best Buy learns from the voice of the customer

Finding out what consumers are saying on the internet about its products and performance has helped electronics retailer Best Buy to act to improve its customer experience. It has used findings from text analytics software to put in place improvements...

Wal-Mart Loses Two Top Executives in China

Wal-Mart Stores Inc. has lost two of its top executives in China, potentially complicating the retail giant's expansion in a key growth market where other foreign companies have also faced challenges recently.Roland Lawrence, Wal-Mart's chief financial officer for China,...

American retail chains look north

Canadians should expect to see more of their familiar store brands disappear over the next few years as American chains continue to look north. But increased competition means consumers will be the winners, says a report.“Foreign retailers will look...

Best Buy Europe to sell Belgian retail arm

Electricals specialist Best Buy Europe, the joint venture between UK company Carphone Warehouse and US group Best Buy, has announced that it is selling the Belgian arm of its business.A statement from the group revealed that an agreement has...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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