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Macy's divulged the retail information about the closure of 100 stores next year and boost its online investments, as it tries to become more nimble in an increasingly fierce market.

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The closure represents close to 14 percent of its stores under the Macy's brand.This retail information was expected as Macy's had been a stellar performer since the Great Recession in 2008, but in the past year and a half has seen slowing sales as it battles competition on all fronts and changing shopping patterns.

Macy's has been under pressure from investors to sell some of its valuable real estate.One of the largest retailer earned $11 million, or 3 cents per share, in the quarter ended July 30 that compares with $217 million, or 64 cents per share, a year earlier.

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IKEA Group, the leading Swedish home furnishings company, plans to open 25 stores over next 10 years in India. It also plans to double its sourcing from India to 600 million euros by 2020.

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The current volume of sourcing is 300 million euros. About 70 percent of the current sourcing is in textiles and rugs. IKEA is investing Rs 700 crore on the Hyderabad store spread over 400,000 sq feet. It will hire 500 direct workers and provide 1,500 indirect jobs.It will host 5-6 million customers every year.The store will exhibit home furnishing solutions. It will be more than retailing and offer a complete shopping experience.

Wal-Mart, world’s biggest retailer, has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon.

Wal-Mart is paying $3 billion in cash and another $300 million in stock. This retail information divulged on Monday is a major move by Wal-Mart, which is realizing that it needs to compete more aggressively in the online world.

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Last month, Wal-Mart announced that was selling its Chinese online business Yihaodian.com to the China's second-biggest e-commerce site J.D.com in a strategic partnership that it hopes will bolster its presence in the lucrative but increasingly competitive marketplace.

Wal-Mart’s online business has been slowing even as it has been making big investments in new distribution centers and expanding services.

Next Brand is facing the Brexit woes as the cost of buying materials for its clothing and homeware lines will increase by up to 5pc next year due to the pound’s weakness following Brexit. This retail information was revealed by the company as the fashion retailer is already seeing sales slip due to falling footfall after a bout of poor weather.

The retailer further estimates that importing clothes from its overseas suppliers, including factories in China, Bangladesh, Cambodia, and Burma will push up its costs from 2017 as a speculation following the Brexit

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Next, which generates around €200m in revenues from EU countries,would consider expanding its warehouse and operations in continental Europe “in the unlikely event” that selling stock from the UK becomes less efficient.

The company revealed that tariffs and other barriers to trade are unlikely to change, since it already imports most of its stock from factories in Asia.

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