SHINSEGAE HOPS ONTO ONLINE BANDWAGON WITH ITS ICONIC RETAIL SHOPPING OUTLET STARFIELD

• Shinsegae Property, the realty company owned by Shinsegae Group, in a high-profile announcement on Friday said that the company has launched official online stores for its shopping mall iconic brand Starfield on both parent website  and Naver‘s online shopping platforms.
...

COUPANG CHOICEST ONLINE RETAIL PLATFORM OF MILLENNIALS

• Coupang was selected as the most visited online retail platform by millennials in a survey conducted by the UnivTomorrow Research Laboratory for the Twenties, the firm said Tuesday.
• The survey also showed that 47.1 percent of millennial Koreans have joined the Rocket Wow Club, ...

U.S. RETAIL SALES SURGED MEAGRE 0.3% IN OCTOBER

Highlights

• The impact of the third wave of COVID-19 cases in the United States was immediately visible on consumer spending as the retail sales surged at the slowest pace in six months

• According to the report published by the Commerce Department, the value of tot...

FRASERS GROUP CONFIRMS THE CLOSURE OF ITS STORES IN UNITED KINGDOM

Highlights:

• The Frasers Group has confirmed that it will not be opening any of its stores in the United Kingdom
• The Frasers group is going to be able to open its chain of the Evans Cycles stores during the ongoing lockdown in the United Kingdom
...

CHINA’S OCTOBER EXPORTS GROWTH PICKED UP MOMENTUM ON BACK OF US DEMAND

• China’s export growth picked up momentum in October, enhancing the total so far this year back above pre-coronavirus levels for the first time.
• Exports in October increased 11.4% over a year earlier to $237.2 billion, up from September’s 9.9% gain, as shown by custo...

AROUND 18,000 HIGH STREET PREMISES COULD BE EMPTY IN UNITED KINGDOM AMID COVID-19 CRISIS

Highlights:

• Around 18,000 high street premises can be left empty in the year 2020, which is around double than it was in the year 2019
• This is happening because of the novel corona virus pandemic have been affecting the retailers, leisure business and...

GORDON BROTHERS TO SUPPORT BONITA WITH EUROPEAN RESTRUCTURING PROCEEDINGS

Highlights:

• The Gordon Brothers will be assisting Bonita, which is a German fashion retailer with the restructuring proceedings of Europe
• After having several discussions with the management, the advisors and also with a competitive tender process, th...

AUCHAN RETAIL FRANCE AND BORALEX SIGN WIND PPA

HIGHLIGHTS

• Auchan Retail France has signed a three-year contract Boralex Inc.
• The nature of contract is PPA.

Auchan Retail France will be buying wind power from Boralex Inc. under a new three-year contract. Under the terms of this co...

U.S. RETAIL SALES JUMP IN SEPTEMBER, ECONOMY CONTINUES TO SUFFER

Highlights

• The number of new COVID-19 cases are increasing in the United States that is likely to reimpose restrictions on businesses like restaurants, bars and gyms resulting into curbing consumer spending

• According to the data, retail sales surged 1.9 percent i...

TOKYO STOCKS END LOWER ON FRIDAY OVER RESURGENCE OF COVID-19 INFECTION IN EUROPE

Highlights –

• Tokyo stocks end lower on Friday over resurgence of COVID-19 infection in Europe.
• Fast Retailing Co. of Nikkei Stock Average locked in gains.
• The 225-issue Nikkei Stock Average ended down at 96.60 points.
• Topix...

TOKYO STOCKS TRADED FLAT ON FRIDAY MORNING

Highlights –

• Tokyo stocks traded flat on Friday morning.
• The 225-issue Nikkei Stock Average rose by 16.14 points.
• Topix index was down by 4.65 points.
• Stock issues saw gains in marine transportation and securities brokerage...

1,475 AUCHAN EMPLOYEES LOSE JOBS IN FRANCE

HIGHLIGHTS

• Auchan wants to reorganize their organization.
• Hence, Auchan is sacking a huge number of employees.

As part of a major reorganization, French hypermarket chain Auchan is laying off 1,475 employees. Considering a change of ...

UNITED KINGDOM: RETAIL SALES INCREASED AFTER THE GOVERNMENT LIFTS LOCKDOWN RULES

Highlights:

• The retail sales in the United Kingdom have grown after the lockdown measures were lifted
• The Confederation of British Industry survey has pointed to grocery stores as a big contributor to sales growth

As the lockdown mea...

RC EUROPE OPENS 9M EURO RETAIL PARK IN ROMANIA

HIGHLIGHTS

• RC Europe is set to open a 9 million euro retail park in northwestern Romania.
• This retail park will be located in the northwestern city of Oradea.

Czech developer RC Europe is set to open a 9 million euro (equal to US $ 1...

UNITED KINGDOM: RETAILERS ENCOURAGED TO SUPPORT EXPORTS AFTER CORONA VIRUS PANDEMIC

Highlights:

• The retailers and the consumer brands have been encouraged to boost or ramp the exports of the products after the novel corona virus
• The department for the international trade revealed the measures to support the brands for exporting after...

SILVER LAKE MAY BUY STAKE IN RELIANCE RETAIL

HIGHLIGHTS

• Silver Lake wants a $ 1 Billion stake in Reliance Retail.
• The investment would value Reliance Retail at about $ 57 billion.
• Reliance plans to sell about 10% in new shares.
• Reliance Industries has raised more than $20 b...

RELIANCE RETAIL TO ACQUIRE FUTURE GROUP’S UNITS

HIGHLIGHTS

• Reliance Retail is going to acquire Future Group’s units for $3.4 billion.
• Future Group is the second largest bricks-and-mortar retailer in India.

Reliance Retail, the largest retail chain in India is set to acquire ...

SCALLIER ESTABLISHING RETAIL PARK NETWORK IN ROMANIA

HIGHLIGHTS

• Sacallier is developing a network of retail parks of Romania.
• Scallier considers Romania, a significant market due to rising economic growth.

Scallier, a property investment company from Poland is developing a network of r...

ZEEMAN WISHES TO EXPAND BUSINESS IN FRANCE AND SPAIN

HIGHLIGHTS

• Zeeman is determined to expand its business even in the time of COVID-19 crisis.
• Zeeman has plans to increase its stores in France and Spain.

The economy and retail sector all over the world are slowing down due to COVID-1...

UK RETAIL SALES REACHING PRE-PANDEMIC LEVELS

HIGHLIGHTS

• The retail sector of UK is slowly returning to normalcy.
• In JUL 2020, the retail sales rose above pre-pandemic levels.

Even though everything in the United Kingdom (UK) economy is yet to open, the retail sector is slowly r...