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During the recent Meta Connect event, CEO Mark Zuckerberg unveiled the Meta Ray-Ban Display, their latest innovation in smart glasses technology. This newly introduced product, featuring an integrated display, is not classified as an Augmented Reality (AR)…
South Korean retail behemoth Coupang has experienced substantial growth this year, boasting a record revenue of $8.52 billion in Q2, a rise of 19% year-over-year with an FX-neutral basis. This marks the first time the company has surpassed the $8 billion…
Philippine Seven Corp (PSC), the company that operates 7-Eleven stores domestically, has plans to significantly increase the number of outlets across the country by next year. The ambitious goal is to expand their current network to an impressive 5000 branch…
Fashion retailer Next is in talks with American investment firm Davidson Kempner Capital Management for a joint bid to gain control of Arcadia fashion group, which collapsed into administration last month, Sky News reported on Friday. The two companies were…
Next profits have fallen for the first time in nearly a decade. The UK high street fashion retailer said pre-tax profits fell 3.8 per cent to £790.2 million last fiscal year. Emily Stella, a senior retail analyst with GlobalData, says the company has faced…
New Look’s share of the UK clothing market has fallen to 2.6 per cent for calendar year 2016 – from 2.7 per cent in 2015. Stores have failed to drive the necessary footfall to return its like-for-like performance to positive territory, with year-to-date (39…
Fashion chain Next needs to carefully rethink who its customers are and how best to attract them to avoid falling into the same trap as M&S, says a retail analyst. The UK-based retailer has released its fourth quarter results for 2016, described by Emily…
Mothercare is in the process of a much needed turnaround strategy for its UK business that aims to bring the UK side of its proposition back to profit. After a reasonable first quarter result, the retailer has felt the effects of a tougher economic climate in…
Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main…
Against a bleak background of stalling sales from major high street players such as Next and Primark, SuperGroup has posted a stellar set of full-year results. Strong growth was achieved across both its retail and wholesale divisions – 24.5 per cent and 13.7…
