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Thursday, July 25, 2019

Tag: retail

Sports Direct delays results, guidance could be affected

Sports Direct now expects to release its annual results between July 26 and Aug 23.

Toys ‘R’ Us, back from the dead, will open US stores...

A former Toys 'R' Us executive has been pitching his vision to reincarnate the chain to toymakers says people familiar with the matter.

HSBC takes hits as Brexit Britain’s consumer casualty list grows

The closure of Jamie Oliver’s chain of restaurants means HSBC is sitting on about £30 million of potential losses.

‘.Amazon’ gives e-commerce giant its own internet domain

Brazil is not in favour of the move saying its inseparable semantic relation to the Amazon forest, that domain should not be the monopoly of a company.

Amazon shares jump on Buffett investment

Buffett's investment in Amazon gave the stock price a healthy boost as the billionaire investor finally gets in on the tech giant.

Tesla to stop selling US$35,000 Model 3 online

The shift was needed to "simplify our production operations to better optimize cost, minimize complexity and streamline operations," the company added. 

India’s plunging inflation rate opens door to monetary easing

Government data shows that annual retail price inflation last month declined to its lowest level since June 2017.

China’s frugal consumers squeeze margins, hammering stocks

Consumers are now more sensitive to price increases than they were, and are really taking a more pragmatic ‘more bang for buck’ approach to spending, as the outlook for the economy becomes less optimistic.

MEPs urge Amazon’s Bezos to drop Soviet-themed goods

The Soviet-inspired style has become trendy in recent years as Russian designers make their mark.

Amazon strikes deal with Apple to sell iPhones, iPads

In the coming weeks, the world's biggest online retailer will sell the latest editions of Apple's iPhone, iPad and other devices in the United States, Europe, Japan and India.

Debenhams to close 50 stores as posts biggest loss in 240-year...

The British retailer, which has issued three profit warnings this year, took exceptional charges of £512.4 million relating to leases and goodwill, leading to a statutory loss of £491.5 million, the biggest in its 240-year old history.

US retail sales slow in September

Total retail sales gained 0.1% in September to a seasonally-adjusted US$509 billion, marking the eighth consecutive monthly increase.

Sears files for bankruptcy

The century-old retailer once dominated US malls but has withered in the age of internet shopping.

H&M accused of failing to ensure fair wages for global factory...

Major brands are under growing pressure from campaigners and consumers alike to improve working conditions along their global supply chains, and render them free of exploitation and slavery.

China’s investment slowdown worsens as industry, retail hold up

There are signs one risk to the economy may be receding, with China and the US talking about resuming talks over their trade dispute.

SST starts today but most traders will be selling at old...

This is because, business operators say, they have yet to get the new price list of goods from suppliers.

Google and Mastercard cut a secret ad deal to track retail...

Most of the two billion Mastercard holders aren’t aware of this behind-the-scenes tracking.

Gap tumbles after sales decline worsens at namesake brand

Gap has increasingly relied on Old Navy and its Athleta brand while it works to revive its namesake unit.

June wholesale, retail trade sales value up 9.6% on GST zero-rating

Statistics Department says the expansion was supported by growth in retail trade and motor vehicles at 12.1% and 10.1%, respectively.

Carrefour, Tesco seal purchasing deal

The purchasing tie-up with Tesco should help Carrefour in its bid to raise the percentage of own-brand goods on its shelves from around a quarter currently to one-third.

Which to buy: Shopping mall lots or landed shops

Before you sign any contract, consider the pros and cons of both and the purpose of your specific business.

Chinese smartphone maker OnePlus to expand retail store presence in India

Shenzhen-headquartered OnePlus, which sells a bulk of its phones through Amazon.com's India unit, plans to have 10 retail stores by the second half of 2018.

Walmart says no decision to sell Japan Seiyu supermarket unit

On Wednesday the Nikkei business daily reported Walmart would sell the supermarket chain and had approached major retailers and private equity funds.

Russia’s world cup party has retailers cheering for now at least

Supermarket chains, electronic stores and eateries report a surge in sales and customer traffic as the world’s most-watched sports event spurs demand for beverages, food and TVs.

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