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Marks & Spencer reveals cyber incident disruption in its stores

15 hours ago | retail-insight-network.com | Jangoulun Singsit

UK-based retailer Marks & Spencer (M&S) has issued an update on a cyber incident that recently disrupted operations in its stores. The incident is said to have impacted contactless payment system and the collection of online orders, The Guardian reported. The retailer also informed customers of delayed click-and-collect orders.
Walgreens reaches $300m deal over opioid prescriptions claims

1 day ago | retail-insight-network.com | Jangoulun Singsit

US retailer Walgreens has consented to a $300m settlement to address claims by US prosecutors of unlawfully processing millions of invalid prescriptions for opioids and other controlled substances. The sum, which will annually accrue 4% interest, is scheduled for payment over a six-year period as per the settlement terms, Reuters said. Additionally, it will be liable to pay an extra $50m to the US Government if Walgreens undergoes a sale, merger, or transfer before the fiscal year 2032.
Unifor accuses Hudson's Bay of unfair wage cuts amid liquidation

1 day ago | retail-insight-network.com | Jangoulun Singsit

Canadian private sector union Unifor has levelled accusations against Hudson’s Bay Company (HBC) for cutting commission-based pay for its workers without prior agreement during the company’s liquidation period. The union asserts this action breaches existing collective agreements and results in a drop in income for employees facing imminent layoffs.
Puma hits sustainability milestone with recycled materials

1 day ago | retail-insight-network.com | Jangoulun Singsit

German sportswear manufacturer Puma has claimed that 90% of its products are produced from recycled or certified materials as of 2024. In 2021, the company set the target to integrate sustainable materials into nine out of ten products. It has since increased the use of recycled and certified materials, contributing to a reduction in greenhouse gas emissions.
UK inflation falls, easing pressure on retailers

1 day ago | retail-insight-network.com | Mohamed Dabo

UK inflation continued its gradual decline in March, offering a short-term boost to retailers and consumers, according to the latest figures released by the Office for National Statistics (ONS). The Consumer Prices Index (CPI) fell to 2.6% in March, down from 2.8% in February, inching closer to the Bank of England’s 2% target. Food inflation also eased, dropping to 3.0%, providing welcome relief for households following months of high prices.
Amazon faces NLRB complaint as Teamsters push for negotiation rights

2 days ago | retail-insight-network.com | Jangoulun Singsit

The US National Labor Relations Board’s (NLRB) Region 20 has filed a complaint against Amazon, accusing the company of unlawfully declining to negotiate. The federal agency is pursuing an order that would compel Amazon to engage in discussions after DCK6 warehouse workers in San Francisco, who are represented by the Teamsters union, sought recognition in October 2024.
JP Morgan and UBS top retail M&A financial advisory rankings in Q1 2025

2 days ago | retail-insight-network.com | Jangoulun Singsit

JP Morgan and UBS have secured the top positions as mergers and acquisitions (M&A) financial advisers in the retail sector, based on value and volume, respectively in the first quarter of 2025. GlobalData, which is the parent of Retail Insight Network, ranked advisers by the value and volume of M&A deals on which they advised. JP Morgan has achieved the highest rank for deal value, having advised on transactions totalling $28.7bn in Q1 2025.
Tops Friendly Markets invests $4.4m in New York store renovations

2 days ago | retail-insight-network.com | Jangoulun Singsit

US-based supermarket chain Tops Friendly Markets has disclosed plans to invest a total of $4.4m in the refurbishment of two of its New York (NY) locations. The company is allocating $2.25m to revamp its 62,000ft² Fayetteville outlet while the 41,000ft² Manlius store will see a $2.15m upgrade. The renovation efforts will incorporate a new interior design and the installation of brand-new flooring across both stores.
Top 50 global retailers for 2025 announced

2 days ago | retail-insight-network.com | Mohamed Dabo

The National Retail Federation (NRF), in partnership with consultancy firm Kantar, has released its 2025 list of the Top 50 Global Retailers. The ranking, based on retail revenue generated in 2024, shows little movement at the top, with Walmart retaining its position as the world’s largest retailer. Retailers are ranked using a points system that considers both domestic and international revenues. To qualify, companies must operate directly in at least three countries.
Smart appliance brand Tineco launches second pop-up store in Milan, Italy

3 days ago | retail-insight-network.com | Jangoulun Singsit

Tineco, the smart home appliance company, has opened its second pop-up store in Milan, Italy, at Via Nerino 2. The new store presents a hands-on experience for consumers to engage with its products, including the debut of the Tineco FLOOR ONE S9 Artist series. The temporary retail space will welcome visitors from 18 April to 24 April.