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EC designates Shein as VLOP under Digital Services Act rules 

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Walmart-Vizio $2.3bn acquisition deal under US FTC review

...The US Federal Trade Commission (FTC) has requested further details... ...stated in a SEC (US Securities and Exchange Commission) filing.... ...The 492,000ft² facility at 201 S McLinden Road will create 700 jobs... ...following the first which opened in Colton, California, in 2019.  ...

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Aldi calls for public suggestions on new store locations in UK 

...’s plan to construct hundreds of new outlets throughout Britain.  Aldi... ...Supermarket chain Aldi has initiated a nationwide campaign to engage... ...UK national real estate managing director Jonathan Neale said: “... ...free sample that you can download by submitting the below form Aldi...

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Lidl GB reveals plan for hundreds of new stores  

...Wandsworth, Fulham, Hoxton and Canning Town.  ... ...The retailer will open new stores in Bristol, Birmingham and Berwick... ...Lidl GB chief development officer Richard Taylor said: “Having fortified... ..., Edinburgh, Leeds and London, and towns from Woking to Dumfries....

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Apple's net income declines to $23.63bn in Q2 FY24  

...However, the Greater China region experienced a decline, with sales... ...Apple has reported a net income of $23.63bn for the second quarter... ...Apple chief financial officer Luca Maestri said: “Given our confidence... ...The rest of Asia Pacific also saw a reduction in sales, down to $6.72bn...

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Aldi named cheapest UK supermarket in April 2024 by Which?

...Aldi has beaten rival Lidl to be named the cheapest UK supermarket... ...Of the eight biggest supermarkets in the UK, Aldi was the cheapest... ...Aldi UK managing director of buying Julie Ashfield stated: “We are... ...Ele Clark commented: “As food costs continue to weigh heavily on...

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Sycamore Partners eyes Nordstrom privatisation deal

...company Sycamore Partners has expressed interest in a potential... ...Sycamore, which currently owns regional department store operator... ...in the Seattle-based company, led by CEO Erik Nordstrom.... ...Sycamore Partners, headquartered in New York, acquired Belk in 2015...

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Sam's Club rolls out AI-powered technology at 120 US stores  

...Sam’s Club, a membership retail club under Walmart, has deployed... ...system, first introduced at the Consumer Electronics Show in Las Vegas... ...’s Club chief product officer Todd Garner said: “I’m incredibly proud... ...“What distinguishes Sam’s Club from our competitors is our ability...

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Coles posts 3.4% increase in sales revenue in Q3 FY24

...Australian supermarket chain the Coles Group has reported a 3.4%... ...Coles’ exclusive product lines also saw significant growth, with... ...Coles Group CEO Leah Weckert said: “We have delivered another solid... ...of store sales linked to customer research conducted via the Coles App...

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CBI survey indicates sharp decline in UK retail sales for April 2024  

...April 2024, according to the Confederation of British Industry (CBI... ...CBI lead economist Alpesh Paleja said:...