US Retail Sales and the Revenge Shoppers

Yesterday, the US Commerce Department reported that US retail sales in September had significantly exceed expectations…

Allegro shares surge as pandemic boosts e-commerce

Stock in Polish e-commerce specialist Allegro shot up nearly 63% during its first day of trading…

General Atlantic increases stake in Reliance

General Atlantic this week increased its stake in Reliance Industries, India’s largest retailer and one of…

Allegro IPO pins hopes on Polish shoppers going digital

Allegro is planning to become Poland's largest publicly listed company through an IPO next month.

Reliance ecommerce drive moves up a gear

Silver Lake Partners private equity firm was discussing the possibility of investing $1bn in Reliance Retail

Good news for Amazon staff as warehousing sector soars

Amazon yesterday announced plans to offer permanent jobs to about 70% of the US workforce it…

Pandemic opens up ‘new normal’ world of digital opportunities

The winners  in the ‘new normal’ world that will eventual emerge from the current pandemic are…

Euroshop plans 2,000 fixed-price stores across Russia

Germany’s Euroshop is to launch a chain of fixed-price retail outlets across Russia as the country’s…

BJP looks to trigger FDI surge into retail sector after election victory

Indian retail: BJP’s resounding victory in this month’s Uttar Pradesh assembly elections is expected to trigger…

China set to leap up wine buying table

China is set to become the world’s second biggest wine market by 2020 when sales of…

Sinopec considers IPO for retail arm

The state-run China Petroleum & Chemical Corp (Sinopec), was this week reported to have dusted off…

Auchan opens first Tajik hypermarket in ‘revolution’ for food security

France’s  international retail group Auchan yesterday opened the very first Tajik hypermarket – and the company’s  first…

Adidas planning major push into China as demand defies economic slowdown

The German multinational sportswear manufacturer Adidas is planning to open a further 3,000 retail outlets in China…

Carrefour moves into Kazakhstan

French supermarket chain is planning to open its first store in Kazakhstan in the next few…

Metro’s Media Markt eyes up gaps in $13bn Turkish electronics market

 German retailer Metro’s subsidiary is planning to ramp up its Turkish operations, its country director  Yenal Gökyldirim…

China’s JD.com to sell Russian goods to domestic market

China’s e-commerce giant JD.com is to begin selling Russian goods in China, its president Victor Xu said last…

Toshiba pulls out of Russian consumer electronics market as Koreans mop up

The weak rouble and increasingly stiff competition from Korean competitors has prompted Toshiba to pull out…

Chinese online retail customers set to double by 2020

Chinese online retail sales are expected to hit $1.6 trn by 2020, with the penetration rate doubling…

Fake Russian cheese floods shops in wake of EU import ban

Fake Russian cheese: Almost  four fifths  of the cheese on sale in Russian shops is fake, the  country’s health…

H&M to open Russian online store as sales jump

Swedish clothing brand H&M is to  launch an online store in Russia this fall to capitalise on rising sales, it…

IKEA plans further expansion in Russia and China

The Ikea Group  is to continue expanding in Russia and China after increased sales in both…

Russian watchdog slaps ban on Western washing powders

Russia’s consumer-safety watchdog Rospotrebnadzor this week announced that it was slapping a ban on the sale…

Russia accuses Auchan of health and safety violations

Irina Yarovaya, head of  the Russian Duma’s state  security committee, this week called for Auchan and other retail chains to respect…

Carrefour to open 15 stores across Kazakhstan

French supermarket chain Carrefour is to open its first store in Kazakhstan in Almaty in October…