Reinventing private-label brands seems to be a world-wide trend. Today, it is a US retailer refreshing its own brand. An Australian businessman claims to be behind what has been a mystery in the tech sector up until now. In the UK, not all may be lost for BHS, and in India, some baristas will soon enjoy a 5-day week. Find out about these stories and more. Please share, RetailUpdate is FREE.
Asia & Australia
Woolies has long-term goals In spite of the grocery giant losing share to competitors Coles, Aldi and Costco across the third quarter, CEO Brad Banducci sticks to his turnaround plan and predicts 'a three- to five-year journey to rebuild Woolworths supermarkets' +++ Within the country, New South Wales remains the region with the strongest economy with Victoria gaining 'substantial ground'.
Hope for BHS English tycoon Mike Ashley has confirmed that he still plans to buy the high street chain, which went into administration last Monday, and thus save its brand, stores, and staff.
USA & Latin America