India’s e-retail market may rise by 250 per cent in the next three years as players shift from discounts to consolidation, geographical diversification, business realignment and enhancing customer loyalty.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
ABF, the company behind value clothing brand Primark, has announced that its chairman Charles Sinclair has given notice of his intention to retire from the board on 11 April. He will be replaced by Michael McLintock.
Asos and the British High Commission are hosting a event in Mauritius this Thursday with the aim of discussing the challenges in managing labour migration and agreeing a common framework for workers’ rights.
Shopping mall giant Westfield Corp ruled out trying to increase a $16 billion buyout from France’s Unibail-Rodamco SE after a decline in the European firm’s shares drove down the deal’s value, saying there was no Plan B.