downsizing

Retail Asia06/01/2017

American retail giant Macy’s Inc. has announced the closure of 68 stores as part of a plan to streamline its store portfolio and increase cost efficiency. The measures, which have already seen three stores close and will see a further 63 closed by early spring in the US, will save the struggling retailer approximately $550 […]

Retail Asia29/12/2016

LeEco may be one of the best-known Chinese smartphone vendors globally after Lenovo, Huawei and Xiaomi, but the company has been in severe financial stress in recent times. The Beijing-based firm recently ventured out of China to establish a global footprint, and towards that end, have entered quite a few new markets over the past […]

Retail Asia18/11/2016

There’s a new consumer mantra: “when in doubt, toss it out”. With pressure on housing internationally, shoppers are buying fewer higher-quality items to save space – and that’s is expected to have long-term ramifications for retailers, says a new report. Decluttering: Anatomy of a Consumer Trend and How Retailers Can Win, from international think tank Fung […]

Tag: downsizing

Macy’s looks to downsize with 68 store closures

LeEco Cuts 60 Jobs In Hong Kong

Downsizing and decluttering will ‘remake retail’