Disney is closing dozens of stores worldwide, switching to online sales About 20 percent of the company's branded stores will close by the end of 2021 as it decides to focus more on developing online sales.
Amazon’s first grocery store opens outside the U.S. Shoppers will appreciate grocery shopping without cashiers and queues in the Amazon Fresh store in London.
Target is investing $4 billion in renovations and developments The company's goal is to open new stores, renovate existing ones, and develop online retailing.
The value of U.S. shopping centers collapsed by 60% Despite the gradual emergence from the lockdown, shopping malls continue to face significant challenges.
Fitness brand Tonal will open mini-stores in Nordstrom department stores It plans to open about 40 such mini-stores in an area of about 50 square feet, which will sell the brand's goods.
Sephora will open 260 new stores in 2021 It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
Apple mini-stores will open in Target hypermarkets Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
IKEA begins construction of its first megamall in India The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
Old Spice will open its first experimental barbershop Old Spice Barber Shop will also serve as a brand store, digital content studio, and experience lab for new product developments.
Walmart sums up 2020 – revenues reach $559 billion The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Online shopping platform Talkshoplive received a $3 million investment The company intends to expand its streaming capabilities and go global.
Uniqlo’s owner overtakes Zara to take the top position in the fashion industry Fast Retailing reached a market capitalization of $103 billion, making it the industry's market leader.
