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It could be a short road ahead for many apparel retailers if they can't find a way to regain relevance before the industry further falters. In a new study titled, "The Retail Space: An in-depth study of where the industry stands now," by rebranding company Stealing Share, researchers determined that the apparel retail market is in "denial" and "disarray," and that many retailers are in danger of closing their doors.

Mega Image brand president Mircea Moga said: "The acquisition of the most important player in the Vrancea market is part of our strategy to develop and expand into new territories.

Retailers are struggling in the UK, is a recession on its ways?

Year-on-year total retail employment in the UK has declined by 2.4% during the first quarter of this year (Q1 2019), according to a report by the British Retail Consortium (BRC).

Oracle has added new enhancements to its Retail Brand Compliance Management Cloud Service, which is designed to enable retailers to source, develop, track and market products.