Major consumer companies including Unilever and Procter & Gamble are chasing consumers who want goods delivered automatically, pitching new online subscription services, even though these have not always worked.
Walmart said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April.
Sainsbury's has announced that it will buy Asda with the latter's owner Walmart taking a big stake in the combined firm. And both chains will continue, which means the Tu Clothing and George lines will carry on too.
The UK retail sector was shocked at the weekend on news that two key supermarket names could merge. And if Sainsbury’s and Wal-Mart's Asda do merge, it would join up two of the most prominent fashion brands too.
The British retailer has announced that its current CFO Nick Wharton plans to leave the business after two years in the role. He will be succeeded by Ed Barker, who served as Sainsbury's CFO before joining Superdry.
Under-pressure retail giant Debenhams has announced a key new appointment with news that Richard Jones is to join it as Trading Director, Global Sourcing, having earlier worked on the expansion of Sainsbury's Tu label.