retail market

The Latest

  • Macy's To Shut Down 45 U.S. Stores As Part Of Cost Cutting
    Macy's
    The company is hoping to reach the "right mix" of stores to ensure its continued growth.
  • Miniso To Sell More ‘Good-Looking, Fine-Design Products At A Cheaper Price’ Worldwide
    Miniso
    China's largest lifestyle goods retailer Miniso just raised $608 million in a New York initial public offering.
  • Apple's China iPhone Sales Skyrocket In Q2 2020, Research Firm Data Reveals
    Apple China
    Data from research firm CINNO revealed that Apple sold more than 13 million iPhones in China for its latest quarter ending in June.
  • Amazon Is Fast Realizing Its Rivals Are 'Nipping At Its Heels'
    FOR DELIVERY
    Former Apple Store Chief says today's retail business is all about how old school stores rebrand themselves
  • Walmart Set To Expand Chinese Business With $1.2 Billion Investment
    Walmart China
    Walmart announced plans to invest around $1.2 billion in its Asian distribution infrastructure to enhance its grocery delivery services.
  • Costco To Open First Store In China To Take On Walmart
    Costco Wholesale
    Costo will be opening its first brick-and-mortar store in the Minhang district in Shanghai on August 27.
  • Abercrombie & Fitch Co Closing Flagship Stores As Part Of New Strategy
    Abercrombie & Fitch Co
    Abercrombie & Fitch Co announced its plans to close down three of its large flagship stores and its strategy of opening smaller stores nationwide.
  • Analyst Predict Massive US Store Closures As China Imposes Retaliatory Tariffs
    US Retail Market
    Market analyst predicts a steep incline in the number of US store closures this year as companies struggle to keep up with the recently imposed tariff hikes.
  • PayPal Leads US$11 Million Investment In Happy Returns In Largest Funding Round
    Happy Returns
    PayPal's venture capital arm, PayPal Ventures, led a US$11 million investment round for the online returns service firm Happy Returns.
  • U.S. Sales are Up but Shares Plummet, Investors Mum
    Macy's Black Friday
    Investors seem unhappy these days as U.S. retailers experience an alarming dip in shares. Macy's dropped at two digits while Kohl's and Target stocks plummeted by 6 percent. Amid fears and doubt of the future, the Federal Reserve expressed willingness to adjust to economic changes.