Global Apparel Re-Commerce Retailing Market by Gender, Target Groups, Product Type and Region

E-commerce is undoubtedly the biggest market today as it eliminates various challenges like geographical limitations and catering to multiple customers at once. Recommerce is a segment that is rampantly growing in online space. Also known as reverse commerce, recommerce primarily is the selling o...

New Oil Retail Prices for August in the UAE

In adherence to the policy set in 2015 of deregulating prices to get in sync with global rates, the new retail prices for August will be announced by the UAE.

The price of Fuel has risen consecutively in the previous two months due to an increase in the global oil prices. Since the star...

Rents & Energy Expenses Rise in Singapore

According to the Singapore Retailers Association (SRA), retail enterprises in Singapore are having problems keeping up with expanding expenses as a consequence of rising rents and ballooning energy costs. These factors have contributed to an increase in the cost of doing business in Singapore. Bo...

Toys and canned food with hazardous substances were discovered at US cheap retailers

According to a survey issued today, an alarming amount of items purchased in US dollar stores, including many children's toys, contain dangerous chemicals.

Researchers examined 226 goods purchased from five major shops for chemicals like phthalates and lead and discovered that 120, ...

Fantom Foundation to develop a digital currency for Tajikistan

Highlights

• Fantom Foundation to develop a central bank digital currency
• Three banks will be rolling out a digital currency trial nationwide

Tajikistan's largest banks has been enlisted to develop a central bank digital curre...

JP Morgan launches digital retail bank, Chase takes over British rivals

Highlights

• JP Morgan launching its long-awaited digital retail bank, Chase
• This venture will expand in other continents and later on globally

JP Morgan is challenging its British rival. The U.S lender is hoping for global expansion.

Th...

Walmart is looking into fake press release regarding Litecoin Partnership

Highlights

• The Litecoin Foundation does not have any information regarding the origin of this news
• GlobeNewswire has published a notice to disregard this news

On Monday, Walmart said it is looking into a fake press statement that was...

CITIBANK KOREA POSTPONES EXIT PLAN AGAIN

HIGHLIGHTS

• Citibank Korea has postponed its decision on exit plan for the second time.
• Citibank was earlier planning to stop its retail business operations in South Korea.
• Citibank apparently failed to agree on sales terms with potential bu...

TOKYO STOCKS END HIGH OVER STRONG EXPORT DATA ON THURSDAY

Highlights –

• Tokyo stocks end high over strong export data on Thursday.
• The 225-issue Nikkei Stock Average ended up 53.80 points, or 0.19 percent.
• Stocks gained in textile and apparel, metal product and rubber product issues.
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CHINA’S RETAIL SALES INCREASE BY 29.6 PERCENT IN Q1 2021

Highlights –

• China’s retail sales increase by 29.6 percent in Q1 2021.
• Retail sales in April alone surged 17.7 percent year on year.
• Consumption in urban areas in April stood at about 2.89 trillion yuan.
• Online retail...

YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

S. KOREA’S INDUSTRIAL OUTPUT GREW 0.8% IN MARCH

Highlights –

• S. Korea’s industrial output grew 0.8% in March.
• Output in the mining, manufacturing, gas, and electricity industries declined 0.8 percent in March.
• In the reporting month service production gained 1.2 percent on-mo...

AUSTRALIAN RETAILERS RECORD STRONG SALES AS CONSUMER CONFIDENCE SOARS

Highlights:

• The retailers in Australia have recorded strong sales as the confidence of the consumers soars in the country
• The household consumption in Australia has been driven by the skyrocketing prices of the houses in the country

...

AMAZON INC PLANNING NEW STRATEGY AFTER LEGAL SETBACK

HIGHLIGHTS

• Amazon.com Inc. is working on a massive India expansion plan.
• Amazon's plan included many tie-ups with regional retail chains.
• Amazon wants to ensure that legal setback in the court case with Future Group would not upset its ...

AMAZON ACQUIRES PERPULE

HIGHLIGHTS

• Amazon has acquired Indian startup Perpule that is helps offline stores go online.
• Amazon is trying to increase its presence in India as majority sales in India still happen in physical stores.

Amazon has acquired Indian s...

INDIAN RETAILERS WANT STORE EXPANSION? AMID REVIVAL

HIGHLIGHTS

• After the lockdown caused by coronavirus pandemic, Indian economy is slowly moving towards revival.
• Indian retailers are moving towards store expansion.

Big retailers who operate in an organized manners are resuming their ...

ADA AVAILABLE FOR RETAIL TRADERS ON COINBASE

Highlights:

• ADA, recently listed on Coinbase is now available for retail traders

• The currency is up 3%

Coinbase has not listed Cardano’s ADA until recently. However with Coinbase pro has listing ADA on its platform, it...

CHINA SEES AN INCREASE IN INDUSTRIAL OUTPUT IN JAN-FEB 2021

Highlights –

• China sees an increase in industrial output in Jan-Feb 2021.
• In the first two months, the industrial output rose by 35.1%.
• Retail sales in January-February rose 33.8%.
• Export growth hit a record pace in Fe...

AMAZON LAUNCHES ITS FIRST CHECKOUT-FREE GROCERY STORE IN UNITED KINGDOM

Highlights:

• The company Amazon has launched its first checkout-free grocery store in the United Kingdom
• According to Amazon, the outlet is the first convenience grocery store to offer just walk out shopping in the United Kingdom

On T...

TOKYO STOCKS TRADE LOW ON THURSDAY DUE TO FALL ON WALL STREET

Highlights –

• Tokyo stocks trade low on Thursday due to falling on Wall Street.
• The 225-issue Nikkei Stock Average sank 554.69 points.
• The broader Topix index of all First Section issues on the TSE was down 23.95 points.
• Sto...