CCI APPROVES FLIPKART-ADITYA BIRLA FASHION DEAL

HIGHLIGHTS

• CCI has approved Flipkart-Aditya Birla Fashion Deal.
• Traders urged to commerce minister Piyush Goyal to prevent this deal.
• Traders alleged that Flipkart could not indulge in brand retailing through equity.
• DPIIT had al...

SHINSEGAE GROUP ANNOUNCES ACQUISITION OF A PRO-BASEBALL CLUB OWNED BY SK GROUP

Highlights –

• Shinsegae Group announced acquisition of a pro-baseball club owned by SK Group.
• E-Mart Inc. will buy the SK Wyverns of the KBO from SK Telecom Co.
• E-Mart is expected to officially sign the main contract on Feb. 23
...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

INDIAN STOCK EXCHANGES APPROVE $ 3.4 BILLION RELIANCE AND FUTURE DEAL

HIGHLIGHTS

• Indian stock exchanges have approved the US $ 3.4 billion deal between Future Group and Reliance Retail.
• Amazon did not want this deal to happen.

Recently, Indian stock exchanges approved the US $ 3.4 billion deal between ...

CCI APPROVES FLIPKART-ADITYA BIRLA FASHION

HIGHLIGHTS

• CCI has approved the acquisition of 7.8% minority stake in Aditya Birla Fashion by FIPL.
• The plans were put into motion last year.
• FIPL is owned by Walmart Group.

Competition Commission of India (CCI) has approv...

AMAZON INDIA AND FLIPKART ANNOUNCE REPUBLIC DAY SALE 2021

HIGHLIGHTS

• E-Commerce stores have announced discount sales for 2021 Republic Day.
• They are discounts on Apple's AirPods, iPhone SE, and smart TVs.
• Bank card offers and attractive deals on electronics such as iPhones, laptop, Smart TVs e...

AUSTRALIAN GOVERNMENT ACCEPTED SUPER RETAIL GROUP'S RETURN OF JOBKEEPER MONEY

HIGHLIGHTS

• Josh Frydenberg, the federal treasurer has invited Super Retail Group's choice to deliberately return $1.7m of pay endowments to the Australian government, while Labor has called for other bouncing back retailers to take similar steps

AMAZON GOES TO COURT IN INDIA REGARDING RETAIL DISPUTE

HIGHLIGHTS

• Amazon‘s Indian partner wants to sell its retail assets in India to Reliance Industries.
• Amazon has filed an appeal in an Indian court against this decision.

In an Indian court, Amazon.com Inc. has filed an appeal in...

FAST RETAILING CO. OPERATING PROFIT IN SEPT.-NOV. 2020 ROSE BY 23.3 PERCENT

Highlights –

• Fast Retailing Co. operating profit in Sept.-Nov. 2020 rose by 23.3 percent.
• The company reported an operating profit of 113.09 billion yen ($1.09 billion).
• The company reported robust sales in Japan and China sold online...

SINGAPORE RETAIL SALES DROPPED BY 1.9% IN NOVEMBER 

HIGHLIGHTS

• Retail deals in Singapore plunged 1.9 percent year-on-year in November, an improvement from the modified 8.5 percent fall in October, as per figures provided by the Department of Statistics

Barring motor deals, retail deals diminishe...

SOUTH KOREA’S RETAIL SALES IN NOVEMBER PEAKED TO 6.3 PERCENT

Highlights –

• South Korea’s retail sales in November peaked at 6.3 percent.
• The combined of 26 major offline and online retailers reached 12.41 trillion won in November.
• Online platforms saw their sales jump 17 percent over the p...

HOLLAND & BARRETT CONTINUE TO LAUNCH ITS NEW STORE CONCEPT

Highlights:

• Holland and Barrett have been continuing to roll out the concept of the new stores in the United Kingdom
• The new stores will be having a strong focus on the sustainability along with everything from the shop fittings, shelving and also lig...

RETAIL INVESTORS’ HEADLONG RUSH FOR SAMSUNG ELECTRONICS’ SURGING SHARES

• South Korean retail speculators last week infused over 1.2 trillion won ($1.1 billion) to buy Samsung Electronics shares that scaled the 70,000 won mark for the first time earlier this month, data showed Monday.
• During the five trading sessions, small domestic investors made aw...

UK’S STRUGGLING RETAIL SECTOR RE-OPENS AFTER THE FOUR-WEEKS LOCKDOWN

Highlights:

• The shops in the United Kingdom have been reopened for the first at least in one month
• The owners of the shops are now hoping for more shopper during the festive season in the country

The shops in the United Kingdom have ...

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...