Estee Lauder is closing some of its stores worldwide An American cosmetics manufacturer has developed a two-year post-pandemic recovery plan that includes store closures and online development.
Gap is closing its flagship store forever One of the company's largest retail stores is permanently out of business.
Sales at Target are breaking all potential records The retailer surpassed all Wall Street's projections for the second fiscal quarter, managing to attract millions of new customers online and even setting a sales record.
Car vending machines are becoming increasingly popular Carvana, a second-hand car sales company, has announced the launch of its 25th automated order fulfillment system in the United States.
Marks & Spencer chain cuts 7,000 employees due to crisis Marks & Spencer has decided to launch a major new downsizing campaign.
Elon Musk got richer as the owner of Louis Vuitton The founder of Tesla and SpaceX now ranks fourth among the wealthiest people in the world.
Rent the Runway closes all its stores forever The fashion rental startup said it no longer plans to open any of its stores and will entirely focus on online business in the coming months.
Coronavirus pandemic has triggered a sharp increase in mattress sales Consumers are paying more attention to what they sleep on and are more willing to buy mattresses, including costly solutions.
The 200-year-old Brooks Brothers brand will be sold American classic clothing brand Brooks Brothers with 200 years of history will be sold to a group of investors.
The world’s largest chain of theatres coming out of quarantine As early as August 20, AMC network plans to reopen the doors of more than 100 cinemas for viewers after quarantine.
Superdry had been faced with a drop in turnover and a huge debt Superdry's turnover fell by almost 25% and the company's management had to turn to banks for a multi-million dollar loan.
Starbucks has transformed a coffee shop into an experimental coworking space The Japanese division of the company has decided to allow visitors not only to drink a cup of coffee but also to work with comfort.
