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.
Gap fights landlords to close all stores in the U.K. The brand plans to close 95 stores nationwide while paying reduced rent for the remainder of the term.
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.
Outdoor shopping venues take the lead U.S. real estate owner Tanger Factory says all of its owned malls are back to pre-pandemic levels.
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.
France’s largest mall operator loses a quarter of its revenues France's largest mall owner Klepierre reported a 25% drop in net rental income in 2020.
The IKEA store will be transformed into an art center A landmark building in the city will become home to a collection of art after renovations.
M&S is betting on its activewear brand The company said it would expand its selection of outdoor apparel as it is the most in-demand during the coronavirus pandemic.
South Korean gamers will be able to rent a cinema South Korea's largest cinema chain CGV has found a source of additional income - it will rent the premises to gamers.
Amazon to squeeze local retailers in Poland The U.S. online retailer is launching a new portal, Amazon.pl, and is getting a firmer foothold in the market.
