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Tag: nearly

Boohoo shareholder sells off shares in firm worth nearly £80m | Business

One of Boohoo’s largest shareholders has sold off more than half its stake in the online fashion retailer, saying its response to reports of poor working conditions in its supply chain had been inadequate. Aberdeen Standard Investments sold off 27m shares this week, worth nearly £80m at Thursday’s closing price, as it said recent events …

Boohoo shareholder sells off shares in firm worth nearly £80m | BusinessRead More

Luxury department store Harrods set to axe nearly 700 jobs – Retail Times

Following the news that the UK’s most iconic luxury department store Harrods, is axing nearly 700 jobs in a bid to cut down on costs after being hit hard during the pandemic, Andy Barr, retail expert and co-founder of online price tracking website www.alertr.co.uk, commented: “It seems the big-name stores are taking the biggest hit during …

Luxury department store Harrods set to axe nearly 700 jobs – Retail TimesRead More

Marks & Spencer depot closures put nearly 700 jobs at risk | Business

Marks & Spencer is closing two of its clothing distribution centres in a move that puts almost 700 jobs at risk. The struggling retailer is revamping its warehouse network to save money and improve stock availability, which is a long-running problem in its high street stores. On Thursday, M&S said the sites in Long Eaton …

Marks & Spencer depot closures put nearly 700 jobs at risk | BusinessRead More

Social media advertising by retailers to hit nearly $65 billion

Social media advertising is increasingly a primary focus for retail brands — and one platform dominates. Fifty-percent of retail advertisers are planning to spend at least half of their annual marketing budget in 2020 on social media ads, according to a survey commissioned by Smartly.io and conducted by WBR Insights, research arm of the eTail …

Social media advertising by retailers to hit nearly $65 billionRead More

Fitch Ratings: Nearly half of all retail bankruptcies end in liquidation

Filing for bankruptcy protection is more likely to end in liquidation for a retailer than it is for other types of companies. Nearly half of retail and supermarket bankruptcy case studies over the past 15 years ended in liquidations compared with 13% for cross-sector U.S. corporate studies, according to a report by Fitch Ratings. Excluding supermarkets, …

Fitch Ratings: Nearly half of all retail bankruptcies end in liquidationRead More

Social media advertising by retailers to hit nearly $65 billion

Social media advertising is increasingly a primary focus for retail brands — and one platform dominates. Fifty-percent of retail advertisers are planning to spend at least half of their annual marketing budget in 2020 on social media ads, according to a survey commissioned by Smartly.io and conducted by WBR Insights, research arm of the eTail …

Social media advertising by retailers to hit nearly $65 billionRead More

Zomato acquires UberEats India for nearly Rs 2,500 crore

Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 percent stake in the Deepinder Goyal-led food delivery platform. According to sources close to the deal, it is in the range of over US$ 350 million or nearly Rs 2,500 crore. UberEats …

Zomato acquires UberEats India for nearly Rs 2,500 croreRead More

Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists say

Shoppers walk through the food court at the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Retail sales were strong in December, and for the holiday shopping period they could be up close to 5%, slightly better than other industry forecasts, according to Bank of America economists. Using BofA …

Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists sayRead More

Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

Pier 1 to close nearly half its stores as bankruptcy rumors persistRead More