IKEA will open new store formats The furniture giant continues implementing its strategy to surpass the classic "big blue boxes".
Gap is cutting costs: 1,800 employees will be laid off By cutting 1,800 employees, the company expects to save up to $300 million a year.
McArthurGlen opens luxury designer outlet in Paris McArthurGlen Designer Outlet Paris-Giverny is the company's fourth designer outlet in France.
Luxury brands flock to China: 40% of all stores open in the country China continues to be the leading market for luxury brands.
Iconic Tiffany & Co. flagship store reopens after renovation New York City opened its renovated Tiffany & Co. flagship store at East 57th Street and Fifth Avenue in Manhattan.
Gap to lay off 500 employees in a cost-cutting move The company aims to improve business efficiency and return to profitability.
McDonald’s Q1 earnings soar to $1.8 billion, beating expectations McDonald's quarterly revenue rose to $5.9 billion from $5.67 billion a year earlier.
Prada to invest $66 million in clothing production in Italy Much of the funds will double production capacity at the Prada plant in Torgiano, Umbria.
Beyond Yoga expands in Los Angeles with new stores The brand's new locations are Westfield Century City and Larchmont Village.
British brand FitFlop opens its first store in the U.S. The New York outlet is located on Mercer Street in downtown Soho.
Bed, Bath & Beyond files for bankruptcy protection and announces closure of 480 stores The company has received a commitment of $240 million in debtor-in-possession financing.
