The Issa brothers Mohsin Issa and Zuber Issa, co-chief executive officers of the EG Group, a UK-based global convenience and forecourts retailer, and investment funds managed.
German sportswear manufacturer and retailer Adidas is planning to divest its Reebok brand, around 14 years after its acquisition. The decision is based on Adidas assessment.
Fast Retailing, the Japanese parent of Uniqlo, now tops the global apparel industry in terms of market capitalisation as its value reached $103 billion at the end of trading.
2020 was the worst year on record for UK retail sales growth, with in-store non-food declining by 24 per cent compared with 2019, according to the British Retail Consortium,.
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Pic: David Tonelson / Shutterstock.com Following a record year during 2020, imports at the largest retail container ports in the US are expected to set new monthly records from now into the summer as the nation’s economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released by the
“The import numbers we’re seeing reflect retailers’ expectations for consumer demand to the point that many factories in Asia that normally close for Chinese New Year this month are remaining open to keep up,” NRF vice president for Supply Chain and Customs Policy Jonathan Gold said. “Regardless of whether it’s in-store or on retailers’ websites, the record holiday season and numbers for 2020 show consumers are buying again and have been for a while. This surge has been going on for months, and retailers are importing merchandise faster than ever.”