Retail Industry

The Latest

  • Public And Private Sector Team Up To Revitalize Spending In China
    China Consumption
    China's public and private sectors are coming up with innovative ways to bolster the country's consumer spending to revitalize the economy.
  • Alipay Aims To Tap Into 40 Million Service Providers Across China
    Ant Financial
    Amid the ongoing economic slump, Ant Financial is accelerating its efforts to deepen the integration of its Alipay platform with China's service providers.
  • Amazon Opens New Business Selling Automated Checkout Systems
    Just Walk Out technology by Amazon
    Amazon is selling its automated checkout system, dubbed the Just Walk Out technology by Amazon, to other retailers interested in upgrading their operations.
  • US Furniture Retailer Art Van Shuts Down Stores Amid Bankruptcy Filing
    Art Van Furnitures
    Art Van received reports of an "overwhelming" amount of people at its stores during its liquidation sale, which led to its decision to shut down during the weekend.
  • Amazon Removed More Than 1 Million Listings For Price Gouging And False Advertising
    Amazon E-commerce
    The e-commerce giant announced that it has so far removed more than 1 million listings on its platform as part of its crackdown on price gouging and false advertising.
  • China E-Commerce Firm JD Reports Earnings Surge For 2019
    JD.com Earnings
    The Chinese e-commerce giant managed to pull 10.7 billion yuan in profits on 576.9 million in revenues for 2019.
  • MTR Corp Purchases New World Development's Hong Kong Malls Stake For $385 Million
    New World Development
    New World Development sold its 50 percent stake in the Telford Plaza II in Kowloon Bay and its 21 percent stake in the PopCorn 2 mall in Tseung Kwan O to MRT Corporation for $385 million.
  • Lowe's Q4 Results Misses Estimates, 2020 Forecast Lower Than Expected
    Lowe's Home Improvement
    Lowe's expects its turn around strategy to take at least an additional year, which is why it had decided to report a relatively conservative forecast for its fiscal 2020 earnings.
  • Amazon Launches First Cashier-Less Supermarket In Seattle
    Amazon Go Supermarket
    Amazon has officially launched its first full-sized 10,400-square foot cashier-less supermarket concept just a stone's throw away from its headquarters in Seattle, Washington.
  • Macy's Q4 Earnings Beat Estimates Amid Increased Holiday Sales
    Macy's Earnings
    Macy's managed to beat analysts' estimates for its fourth quarter, which mainly bolstered by increased sales in the days leading up to Christmas.
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