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Michelle Russell

INDIA: Future Group to merge retail units

11 September 2012 | Michelle Russell

India's Future Group has received board approval for the merger of its Future Value Retail and Pantaloon businesses. ... read more


INDIA: Bharti Wal-Mart suspends CFO amid bribery probe

23 November 2012 | Michelle Russell

Bharti Wal-Mart has suspended a number of its employees, one of whom is understood to be its CFO, while it investigates alleged violations of US anti-bribery laws. ... read more


UK: BRC appoints Sir Charlie Mayfield as chair

21 March 2014 | Michelle Russell

The British Retail Consortium (BRC) has appointed Sir Charlie Mayfield as chair of the trade association from this autumn.... read more


IAF ISTANBUL – Cotton shortage unlikely despite demand exceeding supply

9 November 2015 | Michelle Russell

While global cotton production is expected to drop significantly in 2015/16 – just as consumption is forecast to rise – the amount of cotton held in stocks means a shortage is unlikely, one industry expert has said.... read more


Sports Direct denies Debenhams takeover reports

13 September 2018 | Michelle Russell

House of Fraser's new owner Sports Direct has been forced to issue a statement denying reports it intends to make a takeover offer for struggling British department store group Debenhams.... read more


UK retail industry-led coalition to boost sector growth

9 March 2018 | Michelle Russell

The first industry-led retail council has been launched to look at ways of boosting sector growth as it adapts to changing consumer habits and industry challenges.... read more


Inclement UK weather set to impact retail figures

5 March 2018 | Michelle Russell

The inclement weather witnessed in the UK and Ireland over the last week is likely to have negatively impacted store retailers, analysts are forecasting, with online orders likely to have surged but the success rate of deliveries yet to be revealed.... read more


Amazon launches latest US delivery initiative

20 June 2018 | Michelle Russell

Online behemoth Amazon has launched its newest last mile delivery initiative in the US, sending out another strong indicator that shoppers are increasingly gravitating towards omnichannel services.... read more


How companies can capitalise on e-commerce growth

2 March 2018 | Michelle Russell

Cross-border business-to-business e-commerce transactions are expected to reach US$1.2trn within the next five years, according to new research, and if companies are to take advantage of this they will need to provide a more flexible, scalable and mobile customer experience.... read more


Digitisation pushing India to US$6trn economy

3 October 2017 | Michelle Russell

India is likely to be the world's fastest-growing large economy in the next ten years thanks to its focus on digitization, according to a new report, which forecasts the country's GDP could hit US$6.1trn by 2027.... read more


Walmart to cut around 1,000 corporate jobs?

15 January 2018 | Michelle Russell

US retail giant Walmart is understood to be cutting around 1,000 corporate jobs by the end of the month amid a shake-up of its workforce and just days after announcing the closure of some Sam’s Club stores.... read more


Black Friday mobile spending to hit GBP10bn

9 October 2017 | Michelle Russell

Around GBP10bn (US$13.18bn) is expected to be spent through mobile devices in November as UK retailers prepare for the Black Friday shopping event.... read more


CHINA: Wal-Mart China executive Zhou steps down

16 April 2012 | Michelle Russell

Wal-Mart Stores has seen another senior executive leave its operations in China. ... read more


FRANCE: Plassat takes up Carrefour CEO role early

24 May 2012 | Michelle Russell

French retail giant Carrefour has sped up its transition to a new CEO, with Georges Plassat taking over the role a month early.... read more


CHINA: Exceed Co signs 'go private' deal with Pan Long Co

2 December 2013 | Michelle Russell

Chinese sportswear maker Exceed Company has entered into a merger agreement with Cayman Islands firm Pan Long Co.... read more


IRELAND: M&S to close four stores, cut 180 jobs

8 August 2013 | Michelle Russell

UK retailer Marks and Spencer is to close four stores in the Republic of Ireland, resulting in 180 job losses. ... read more


US online retailers lose $9.2m in discount mistakes

21 March 2017 | Michelle Russell

US online retailers missed out on US$9.2m in revenues last year as a result of miscalculating the optimal percentile at which to discount items, new figures show.... read more


US retail industry welcomes online sales tax push

28 April 2017 | Michelle Russell

The US retail industry has welcomed renewed efforts by the US Congress to require online sellers to collect sales tax the same as local stores.... read more


IRELAND: M&S workers prepare for Christmas strikes

29 November 2013 | Michelle Russell

Marks and Spencer employees are to stage a series of walk-outs across the Republic of Ireland in the run up to Christmas, in a row over the closure of their pension scheme.... read more


UK: Jaeger appoints Kozlowski as finance chief

2 December 2013 | Michelle Russell

Luxury British fashion brand Jaeger has appointed Richard Kozlowski to the role of chief financial officer.... read more


UK: Tesco shares slide as Q3 LFL sales fall

4 December 2013 | Michelle Russell

UK retail giant Tesco saw its share price fall this-morning (4 December) after booking like-for-like sales declines in all its regions.... read more


UK: Consumers rate delivery over social media shopping

6 December 2013 | Michelle Russell

Despite the hype surrounding the retail industry's need to focus investment on new shopping channels such as mobile and social media, a new survey suggests stress-free, on-time delivery is more important to consumers.... read more


FRANCE: Carrefour CEO insists hypermarket format "not dead"

8 October 2013 | Michelle Russell

The CEO of Europe's largest retailer, Carrefour, has insisted the hypermarket format is "not dead", despite his conviction that "clicks and mortar are the future."... read more


FRANCE: Carrefour Q2 sales up, France sales improve

18 July 2013 | Michelle Russell

French retail giant Carrefour recorded an increase in sales in the second quarter and said business continued to improve at home.... read more


UK: Jobs at risk in Tesco distribution reshuffle

26 February 2013 | Michelle Russell

UK retail giant Tesco has revealed plans to reshuffle its distribution network, putting up to 2,000 jobs at risk.... read more


Accenture expands retail capabilities with Kurt Salmon buy

23 September 2016 | Michelle Russell

Global management consultancy Accenture has acquired retail consultants Kurt Salmon in a move designed to expand its capabilities in delivering end-to-end strategy consulting services to the retail and private equity sectors. ... read more


US retail imports fall as firms rebalance inventories

11 May 2016 | Michelle Russell

Import cargo volume at the US's major retail container ports is expected to reach some of its highest levels ever during the next few months, despite a fall-off from last year's record-setting numbers.... read more


Safety firm UL expands retail testing with CTL buy

10 October 2016 | Michelle Russell

Global safety and certification company UL has acquired multinational retail testing company Consumer Testing Laboratories (CTL) in a move designed to expand its global footprint and services.... read more


Destination Maternity fights move to oust directors

5 October 2017 | Michelle Russell

Destination Maternity is urging its shareholders to vote against a recommendation by Orchestra-Prémaman to remove four of its directors as the US maternity apparel retailer continues its work to improve profits.... read more


Amazon to make move into Macy's Seattle flagship

20 October 2017 | Michelle Russell

In a somewhat ironic move, US department store retailer Macy’s is to lease out the top six floors of its flagship Seattle store to online behemoth Amazon.... read more


Guess investigated over EU distribution agreements

14 June 2017 | Michelle Russell

US fashion retailer Guess is being investigated by the European Commission over whether its distribution agreements and practices have breached EU competition law.... read more


New Look owner cancels UK listing over Brexit concerns

28 March 2017 | Michelle Russell

Brait Societas Europaea, the South African company that owns New Look, has cancelled plans to list its shares in London as a result of concerns over the UK's decision to leave the EU.... read more


UK clothing retail sales growth strong in February

24 March 2017 | Michelle Russell

The value of UK retail sales excluding fuel rose 5.2% year-on-year in February, with clothing and footwear among the sectors to see a rise in spending.... read more


UK clothing retail prices fall in February

21 March 2017 | Michelle Russell

The UK Consumer Price Index (CPI) rose 2.3% in February, up from 1.9% in January, according to figures released by the Office for National Statistics (ONS). This is the highest rate since September 2013, having steadily increased since late 2015.... read more


Amazon to grow UK business with 5,000 jobs

20 February 2017 | Michelle Russell

Online retail giant Amazon has revealed plans to open a new head UK office and create more than 5,000 full-time jobs as it looks to grow its business in the country.... read more


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