The Nikkei rises as retail stocks soar on the back of a tourism boom and tech companies recover in Japan.

Gains in the retail sector due to an influx of foreign tourists and a reversal in the fortunes of the semiconductor industry helped the Nikkei share average in Japan recover some of the ground it had lost the day before. After opening in the red, the Nikkei gained 0.18 percent to close at 28,657....

The cashmere sweater that started Uniqlo on the road to dominating the American market

What's stopping Uniqlo, Japan's biggest clothing retailer, from expanding to the United States? Increasing the number of people in the U.S. who are aware of who they are.

The clothing company aims to expand in one of the world's most competitive consumer markets, where it ha...

Top 20 apparel retailers in Germany in terms of fashion

Fashion is a major business. Not only globally, but also in Germany. When it comes to ecommerce, it is one of the country's largest markets. In 2020, the fashion ecommerce market is expected to be worth $87,445 million. So, which brands are popular in Germany? We reviewed various numbers and ...

What Fashion Retail Professionals Should Know Right Now

Discover the most essential industry news and insights for retail fashion professionals, updated monthly, to help you shine in job interviews, promotion discussions, or perform better in the workplace by boosting your market understanding and imitating market leaders. BoF Careers sifts through ou...

Best German Retailers 2020: The Top 30

With a large and growing middle class, Germany has become Europe's second largest online consumer market. Revenue in the online retail sector is predicted to reach $82.155 billion US dollars in 2020, up 1% from 2019. In 2019, the online sales of electronics made up 16.7% of the market, with a...

The Best 50 Fashion Retailers, Online Stores, and Labels in Germany

Germany is a major market for the fashion industry. Statistics from Statista place it among the world's top five economies serving the niche market of women's clothes. In 2020, women's apparel will generate $39.655 billion in sales. It is predicted that the market will expand by 3.5% ...

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 ...