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RETAIL APOCALYPSE
Canadian Tire rescues Hudson’s Bay brand in $30 million deal focused on legacy and retail expansionCanadian Tire Corporation is acquiring Hudson’s Bay’s iconic intellectual property for $30 million, reviving the legacy of Canada’s oldest ...- Retail Apocalypse: Macy’s, CVS, and Foot Locker lead wave of 15,000 store closures in 2025In 2025, a record 15,000 stores are projected to close, doubling last year's number. Inflation and online shopping trends are hurting brick...
- Mobikwik IPO fully subscribed; Swiggy shares dropThe public issue of Mobikwik was fully subscribed within an hour of opening. This and more in today’s ETtech Top 5.
- Red alert! 72 companies flip to loss in Q2. Are your stocks also on this list?India's Q2 2024 earnings season disappointed. Many profit-making companies reported losses. Nifty earnings grew at the slowest pace since J...
- How the advent of e-commerce has reinvented the growth of traditional retailThe Pahle India Foundation released a report dismissing fears of widespread kirana store closures due to ecomm. A pan-India survey revealed...
- One small update brought down millions of IT systems around the world. It's a timely warningThe outage was linked to a single update automatically rolled out to Crowdstrike Falcon, a ubiquitous cyber security tool used primarily by...
- US retail staff are fed up, quitting at record ratesLow pay, erratic schedules and monotonous tasks have long been a challenge for the nearly 8 million Americans working in retail, but the pa...
- How I survived Amazon - not the online oneI turned 30 in March. To commemorate this momentous biological event, I spent 12 days on a nomadic survival expedition in one of the most u...
- View: India’s economy to end in a better shape than start in 2023Inflation and growth will be the yin and yang of 2023. The good news is governments and central banks are finally on the same page in reali...
- World market themes for the week aheadInvestors, focused on prospects for Fed tapering as labour conditions improve, have boosted the dollar. New Zealand and Norway are a remind...
- Mukesh Ambani is giving 261-year-old British icon a new lease of lifeAmbani, 63, bought Hamleys in 2019 to strengthen his retail footprint as part of the ongoing transformation of his oil-and-chemicals conglo...
- Reimagining business: Business leaders deliver their prognosis for the remainder of the yearAs a global reset plays out, here are the forecasts, hopes and fears for the remainder of the year.
- Sarbananda Sonowal invites companies to set up their businesses in AssamChairing a meeting to assess the impact of COVID 19 on Assam Power Distribution Company Limited, Assam Power Generation Corporation Limited...
- Fashion in the time of Covid-19 : Luxury masks made of silk de chine, cotton poplin go mainstreamThe face mask has gone from curiosity to commonplace, virtually overnight.
- This Indian corp bond is among the 10 worst bets of the decadeFrom high finance to pet food, a lot of good money was thrown at some really risky deals.
- Barbara Rentler, only woman in US's '100 Most Innovative Leaders' list, has a quiet managerial styleThe Ross Stores CEO broke through the corporate world to stamp her imprint on a male-dominated list.
- Experts say RBI's stance actually signals a possible drop in inflationThe RBI's Monetary Policy Committee (MPC) raised the repo rate by 25 bps to 6.50 per cent.
- What I read this week: Is Amazon out to decimate asset managers?The biggest beneficiary of an Amazon entry into fund management will be retail investors.
- Elon Musk is selling flamethrowers and making millions from itThe flamethrower is supposed to "liven up any party" is the "world's safest flamethrower" and comes with a "fire extinguisher sold separate...
- AI can make an impact like electricity: Andrew NgI think the Indian AI ecosystem is growing rapidly. A lot of Indian entrepreneurs reach out to me seeking feedback about startups and produ...
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