Retail Industry

The Latest

  • Hong Kong's Sa Sa International To Close A Quarter Of Its Stores In The City
    Cosmetics
    Chinese cosmetics retailers Sa Sa International revealed that it will be closing down up to 25 percent of its Hong Kong stores in the coming months.
  • China's Luckin Coffee Announces Entry Into Vending Machine Market
    Luckin Coffee
    Luckin Coffee announced plans to release two types of food and beverage vending machines, which will be placed in strategic locations around the country.
  • Ikea Launches First Mobile App In China To Increase Sales
    IKEA
    Ikea has just launched its first-ever Chinese mobile app to tap into more tech-savvy consumers in one of its largest markets.
  • US Black Friday Event Sees Shoppers Spend $7.4 Billion Online
    US Black Friday Event
    US shoppers spent a total of $7.4 billion in online shopping during last week's Black Friday event, $2.4 billion of which were made using smartphones.
  • Toys R Us Returns With First Store Opening This Week
    Toys 'R' Us
    Toys R Us will be opening two new brick-and-mortar stores over the next few weeks, with the first one officially opening to the public on Saturday at the Unibail-Rodamco-Westfield's Garden State Plaza mall in Paramus, New Jersey.
  • Walmart To Expand In Chinese Market With 500 New Stores
    Walmart China
    Walmart revealed on Thursday its aggressive expansion plan in China, which will include the opening of more than 500 stores over the next five years.
  • Walmart Confirms Plan To Double China Store Count
    Walmart China
    Walmart will double its store count in China within the next five to seven years.
  • Amazon Banking On Shopping Hype In China For Black Friday Event
    Amazon China
    Amazon is expecting to get a big boost in its cross-border e-commerce platform from Chinese consumers at this year's Black Friday event.
  • Nike To Pull Out Shoes And Apparel From Amazon
    Nike Apparel
    Nike announced that it will be ending its pilot program with Amazon, effectively removing its products from the e-commerce platform.
  • US Toymaker Hasbro Reports Worse-Than-Expected Profits Amid Import Tariffs
    Hasbro Earnings
    American toymaker Hasbro Inc missed hitting analysts' estimates for its quarterly profits, mainly blaming its performance on increased tariff-related costs.
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