American fashion chain Forever 21 has filed for bankruptcy protection under the 'Chapter 11' procedure. This will ensure the company is protected from creditors and can undertake a restructuring.
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Consulting firm McKinsey has opened an experimental store in the Mall of America, where retailers can test and analyse all kinds of technologies intended to transform the shopping experience.
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The board of directors at eBay has appointed former CFO Scott Schenkel as interim CEO to replace Devin Wenig. The company is now searching for a permanent successor and is considering both internal and external candidates.
Sports brand Nike exceeded all expectations in its latest quarter: especially in China, the sports manufacturer sold significantly more, pushing its share price to a record height.
Walmart, the world's largest retailer, has stopped selling e-cigarettes at all its stores (including Sam's Club) in the United States. There is the possibility that E-cigarettes might cause lung diseases.
By 2040, Amazon wants to be completely carbon neutral. This is the promise made by CEO Jeff Bezos in a new climate commitment, motivated by employee actions. A huge fleet of electric cars would boost this objective by 2021.
In Dallas, Walmart has opened an extensive health centre, in addition to renovating the hypermarket. This is how the world's largest retailer wants to gain a foothold in the lucrative health market.
According to sources at Amazon, the web giant has changed the search algorithms in order to rank both its own products and more profitable products higher in the search results.
The world's biggest Starbucks, spanning 4,000 sqm on four floors and featuring its own cocktail bar and a pizza restaurant, is to open in Chicago. It is one of the chain's new flagships under the ‘Reserve Roastery’ banner.
American fashion chain Forever 21 is moving closer to bankruptcy, as final negotiations with potential investors seem to have ended without an agreement.
Kentucky Fried Chicken has started a collaboration with Beyond Meat in order to create plant-based 'chicken nuggets' and 'chicken wings'. Almost all major fast-food chains have now developed a taste for meat substitutions.
Sports brand Nike has launched a subscription for kids' sneakers in the United States, trying to increase convenience for parents... but it is also an attempt to secure some market share.
A merger of Belgo-Dutch supermarket group Ahold Delhaize and its American competitor Kroger would make sense and allow for 1.2 billion euros in synergies. Together, they would be able to increase their value in the United States by 36 %.
Google's Images pages are increasingly looking like pages of the search engine's Shopping section, now product information and prices, reviews and availability are added to Images search results.
Capri Holdings, the owner of brands like Michael Kors, Versace and Jimmy Choo, has performed better than analysts had expected in the last quarter. However, the required investments cut a great deal out of the profit.
After Apple started selling its products directly on Amazon, a lot of external sellers were banned from the platform and prices have gone up. A US watchdog looks if this is legal.