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Sneaker and streetwear retailer SNIPES selects Nedap iD Cloud for multi-brand RFID project

Stocking global brands such as Nike and leading own brands such as Karl Kani, SNIPES’ partnership with Nedap began in Germany earlier this year. All German stores, equivalent to nearly half of all SNIPES stores in Europe, will deploy iD Cloud before the end of 2022....

Gap beats on third-quarter revenue, but tempers expectations for holiday season

Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer — which includes its namesake brand, Old Navy, Banana Republic and Athleta — said it anticipates its overall net sales could be down mid-single digits year-over-year...

UK consumers to cut back spending this Christmas

Nearly half (43 percent) of UK consumers expect to spend less this Christmas, according to EY’s latest ‘Future Consumer Index,’ as the cost-of-living crisis intensifies. The research, which surveyed more than 1,000 UK consumers between September 23 to October 14, found that falling consumer confidence...

Eurofund Group to enter the Italian market

Eurofund Group, the investment and development company with retail projects in the UK, Spain, and Portugal, is entering the Italian market after agreeing to acquire Parma Retail, located in Parma, Northern Italy. Parma Retail, located just over three miles from the city centre of Parma,...

Here’s A Retail Reason To Be Thankful: Most Stores Are Closed Today

Mall managers, millions of store employees, and even some retail reporters and analysts have a special reason to give thanks today. The era of Thanksgiving store openings, and insanely early Black Friday start times, is over and its not coming back. The pandemic helped deal...