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Retail DECODED

Latest edition: 22 May 2024
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Spotlight

Body Shop administrators to put retailer up for auction

FRP Advisory is ready to formally approach potential buyers.

Latest news

Target reduces prices on 5000 most popular items

The retailer has reduced prices on 1,500 items, with thousands more price cuts planned to take effect over the course of summer 2024.

Superdry faces potential sale if creditor approval for rescue plan fails

Troubled clothing retailer Superdry is preparing for a potential fire sale if creditors reject its restructuring plan, according to documents obtained by Sky News.

Shopify overturns $40m patent infringement verdict

E-commerce giant Shopify has scored a legal victory after a Delaware, US, federal court overturned a jury's decision that required the company to pay $40m for patent infringement, Reuters reported.

OneStock secures $72m investment to expedite omnichannel growth

Global growth equity investor Summit Partners has invested $72m in OneStock, a provider of order management systems (OMS).

Flipkart unveils IRIS insights platform for brands

Walmart-owned Indian e-commerce marketplace Flipkart has announced the introduction of its new insights platform, Flipkart IRIS.

Digital Brands Group reports decreased net loss in Q1 FY24

Luxury lifestyle brand conglomerate the Digital Brands Group has recorded a net loss of $684,000 in the first quarter (Q1) of the fiscal year 2024 (FY24), a substantial decrease from the $6.1m loss reported in Q1 FY23.

DoorDash and Ulta Beauty partner for on-demand beauty product delivery

Local commerce platform DoorDash and beauty retailer Ulta Beauty have expanded their partnership to offer on-demand delivery from 1,350 stores across the US.