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Day: December 19, 2019

Amazon, Retail News, ET Retail

Washington, In a damning attack against President Donald Trump, Amazon has alleged in its complaint — filed against the US government’s decision to award $10 billion Pentagon Cloud project to the “less competitive” Microsoft — that Trump abused his position to put “improper pressure” on decision-makers for personal gains and show his hatred towards Amazon …

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Kate Spade New York and Mint Velvet launch at Liverpool ONE

Grosvenor Europe has officially announced the launch of Kate Spade New York’s pop-up store and Mint Velvet’s new boutique at Liverpool ONE. Kate Spade New York’s store opened on Friday 6 December at 26 Peter’s Lane, marking the luxury life and style label’s first dedicated pop-up in the UK, and first ever boutique outside of …

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Rite Aid swings to profit, beats Street in healthy Q3

Get great content like this right in your inbox. Subscribe Rite Aid Corp. has reason to be merry heading into the holidays. The drugstore retailer reported net income of $52.3 million for the third quarter of fiscal 2019, compared to a net loss of $17.3 million during the same period a year earlier. Adjusted earnings …

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Chipotle is testing a new restaurant design to maximize digital growth

Exterior of a redesigned Chipotle restaurant Source: Chipotle Mexican Grill Chipotle Mexican Grill announced Thursday that it is testing a different design for its restaurants as its digital business keeps growing. Restaurants in Chicago, Cincinnati, Phoenix, Newport Beach and San Diego will be part of the test. Both new and existing locations will be involved …

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Retail sales at 19-month low as Christmas shoppers leave it late | Business

High street sales slumped in November in the weakest period for consumer spending for more than a year, as shoppers reined in their spending in the run-up to Christmas. The Office for National Statistics said retail sales across Britain fell by 0.6% when compared with the previous month, with only household goods stores reporting growth. …

Retail sales at 19-month low as Christmas shoppers leave it late | BusinessRead More

Myntra enters luxury segment by partnering with Pernia’s Pop Up Shop, Retail News, ET Retail

Bengaluru: Fashion etailer Myntra has entered into a strategic partnership with Purple Style Labs-owned luxury fashion retailer Pernia’s Pop Up Shop enabling its customers to shop for designer wear with price tags of upto Rs 1.5 lakh. With this partnership, Myntra enters the luxury segment. About 25 Indian designer wear labels such as Ritu Kumar, …

Myntra enters luxury segment by partnering with Pernia’s Pop Up Shop, Retail News, ET RetailRead More