Retail
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Latin America
Dow breaks past 34,000, S&P 500 hits week’s second record high | Banks News
It was the second time this week the S&P 500 has registered a new best close, and the Dow surpassed…
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Asia
Boom! US retail sales spike, jobless claims drop to one-year low | Banks News
United States retail sales rebounded more than expected in March as Americans received additional pandemic relief cheques from the government…
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Asia
Walmart to create 100,000 full-time US roles in retention push | Coronavirus pandemic News
The move could help Walmart hold onto staffers amid rising COVID-19 vaccinations and easing restrictions, but its reluctance to boost…
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Asia
Nike ends lawsuit over ‘Satan Shoes’ after New York firm recall | Business and Economy News
Nike had sued the maker of devil-themed sneaker promoted by rapper Lil Nas X for trademark infringement. Nike Inc says…
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Middle East
‘Hazel by Walmart’: US retailer hints at fintech unit details | Banks News
Walmart shook up the banking world earlier this year when it announced plans to set up a financial technology firm.…
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Middle East
US small businesses urge policymakers to curtail Amazon’s power | Bankruptcy News
Small Business Rising, which represents grocers, hardware stores, pharmacies and bookstores, said it aims to reinvigorate United States antitrust enforcement,…
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Latin America
US consumer spending and incomes fall, but rebound is expected | Business and Economy News
Both consumer spending and personal incomes are expected to rebound in March as Americans receive stimulus cheques. Consumers’ spending and…
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Africa
US Amazon workers’ union push draws global attention | Retail News
Birmingham, Alabama, the United States – On a recent Monday afternoon, several Amazon workers and local allies showed up to…
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Latin America
China net users call for H&M boycott after ban of Xinjiang cotton | Human Rights News
Citing human rights concerns, the world’s second-largest clothing retailer said it would not use cotton from Xinjiang. Chinese net users…
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Latin America
Spy-kea? Ikea France goes on trial over claims it spied on staff | Business and Economy News
Trade unions reported Ikea to French authorities back in 2012, accusing it of collecting data by fraudulent means. Ikea’s French…
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Latin America
February retail sales fell 3% as icy days kept US shoppers away | Business and Economy News
Warmer days and a new round of coronavirus stimulus cheques will likely send Americans back to stores again, analysts predict.…
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Europe
Disney downsize: Company plans to close 20 percent of shops | Entertainment News
The company will close 60 of its North American shops and is considering shuttering its European retail outlets as more…
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Asia
US Big Tech firms jostle for India’s huge digital payments market | Retail News
Facebook, Amazon, Google are among the firms applying for retail payment systems licences in India, Bloomberg reports. Technology giants Facebook…
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Europe
Big box bonanza: Target sees surging sales growth in 2020 | Business and Economy News
Last year’s surge surpassed Target’s annual sales growth over the past 11 years combined as US shoppers stocked up on…
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Europe
Fight for $15: US retailer Costco raises its hourly wage to $16 | Coronavirus pandemic News
The majority of Americans support the idea of more than doubling the minimum wage to $15 per hour, a new…
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Middle East
Top India court halt’s tycoon Mukesh Ambani’s retail deal: Report
The verdict is a win for Amazon which says Future Group’s sale to Ambani’s Reliance Industries violates its contract.…
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Europe
Dining woes: Canada’s restaurants suffer worst year on record | Coronavirus pandemic News
Food trucks, bars and taverns were hit the hardest by lockdowns and restrictions, with sales dropping 48 percent. Canadian restaurants…
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news
Walmart expects full-year sales to slow as US COVID lockdowns end | Business and Economy News
Walmart made a hefty profit of $560bn last year as Americans stocked their pantries during the height of the coronavirus…
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Europe
Shopping spree: US retail sales jump most in seven months | Coronavirus pandemic News
U.S. retail sales surged in January by the most in seven months, beating all estimates and suggesting fresh stimulus checks…
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