Latest International News - Inside Retail Singapore

Gap Inc sales slip

Gap Inc has reported a two per cent fall in global sales in the second quarter – but says its turnaround is on track.

Tesco axes Wine Club as it starts to cull range

Embattled UK supermarket giant Tesco is to close down its Wine Community in another cost-cutting move.

Bass Pro culls staff

Bass Pro Shops – the US boating, fishing, camping, hunting and outdoor category killer – has confirmed a cull in store and head office staff.

Ikea opens compact concept in UAE

Sweden’s Ikea Group has opened a compact concept store in the UAE city of Al Ain.

German retail sales rise the fastest in 20+ years

German retail sales rose by the fastest rate in more than 20 years in the first half of this year.

Loblaw to axe stores

Loblaw Canada will close 52 stores across its banner groups as it seeks to boost profitability.

China, iPhone6 drive record Apple profit

Apple has posted a record quarterly profit, fuelled by unprecedented iPhone sales and Chinese expansion. The California-based tech giant made a quarterly profit of US$18 billion in the three months…

Tommy Hilfiger launches digital showroom

Fashion icon Tommy Hilfiger has launched a digital showroom for retailers completing their market buys, reinforcing the brand’s embracement of digital. “Our digital showroom revolutionises the …

Chinese miss out on Phase Eight

Just days after news broke of a Chinese bid for British fashion chain Phase Eight, its sale to a South African rival bidder has been confirmed. Foschini Group will buy the brand from private equity…

Asia drives Tiffany & Co holiday season

Tiffany & Co says its global sales fell one per cent in the recent holiday season, despite a strong performance in Asia. Total sales in the Asia-Pacific region on a constant-exchange-rate basis…

A&F boosts Asian online presence

US fashion apparel retailer Abercrombie & Fitch has launched 10 new transactional websites in Asia as it banks on eCommerce to build its regional market share. The sites are for its Abercrombie…

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