FRANKFURT (Reuters) – Associated British Foods (ABF.L: Quote, Profile, Research, Stock Buzz) plans to increase the expansion pace of its Primark discount chain, upping pressure on the world’s two biggest fashion retailers, Inditex (ITX.MC: Quote, Profile, Research, Stock Buzz) and H&M (HMb.ST: Quote, Profile, Research, Stock Buzz), in their top markets in Europe.
Primark will add a million square feet of selling space in the coming year, mostly in Britain, Spain, Germany, France and the Netherlands, after growing 0.8 million in the financial year to September 14, to a total of 9 million or 257 stores.
BERLIN, Oct 29 (Reuters) – Workers at two Amazon.com Inc
distribution centres in Germany went on strike again on
Tuesday over pay and conditions, the latest blow to the world’s
biggest Internet retailer in its second-biggest market.
Services trade union Verdi called a one-day strike at Amazon
centres in Leipzig and Bad Hersfeld after workers in Leipzig had
already walked off the job on Monday. Amazon said deliveries
were unaffected as most employees continued to work.
BERLIN (Reuters) – The online retailer Jumia, a would-be African Amazon, is betting that it can propel the continent’s rising middle class consumers out of the street markets and straight onto its websites, missing out the department stores and shopping malls in between.
The key, it says, is the smartphone, already helping much of Africa’s economy brush aside the continent’s lack of reliable transport or fixed phone and Internet connections.
DHAKA (Reuters) – Clothing chain Primark laid out plans on Thursday to pay more compensation for the Rana Plaza factory disaster in Bangladesh as victims and their families demanded other western brands follow suit.
The collapse on April 24 that killed 1,129 people has galvanised some of the clothing industry’s big names to try to improve safety standards at suppliers but they have failed to agree on a compensation fund for victims despite months of wrangling.
BERLIN (Reuters) – Primark will make another compensation payment to victims of the Rana Plaza factory disaster in Bangladesh, the discount clothing chain said on Thursday, calling on other international brands to follow suit.
The collapse of Rana Plaza on April 24 that killed 1,129 people has galvanized some of the clothing industry’s big names to try to improve safety standards at suppliers but they have failed to agree on a compensation fund for victims despite months of wrangling.