The Purchasing Manager’s Index survey reveals a deepening of an economic crisis in Hong Kong – one of Asia’s leading financial hub. An IHS Markit survey that was published on Tuesday shows, business activity in Hong Kong’s private sector has… Read More ›
retail
U.S. lifts 10% tariffs on select Chinese imports
The bulk of the items excluded from the 10% tariffs hike, which will go into effect from September 1, includes household furniture, internet modems, routers and baby items. In a significant development, the Trump Administration has lifted import curbs on… Read More ›
From global to local: Casino Group brings retail up to date
Over the years, French retail organization Casino Group has deployed a meticulous strategy of customer segmentation. Each of its brands of supermarkets, convenience stores, and other businesses are tailored to the needs of their customer base and geography, complementing one… Read More ›
Construction industry booming in UK cities: Deloitte’s real Estate Crane Survey
The results of Deloitte’s real Estate Crane Survey is surprising given the uncertainties surrounding Brexit. On Tuesday, in a report accounting firm Deloitte disclosed, construction activities in four regional cities in Britain have touched a record high despite the uncertainty… Read More ›
France’s Total to announce retail network partnership with Saudi Aramco: Total’s CEO
In April 2018, Total had shown interest in the Saudi petrol station market. This collaboration follows up on the earlier MOU it had signed with the Saudi oil and gas giant. On Tuesday, Patrick Pouyanne, the Chief Executive of French… Read More ›
Sam’s Club partners with Instacart for delivering groceries to shoppers
Shopper can buy a wide range of goods and groceries, even without a Sam’s Club membership, and have it delivered it to them within the hour. Incidentally, the online grocery market in the U.S. is expected to grow $41.7 billion… Read More ›
Activist hedge fund Starboard exits Macy’s board
Its exist underscores the growing challenges facing the U.S. retail industry with consumers preferring to shop online as opposed to visiting a brick-and-mortar store. Sources familiar with the matter at hand have disclosed that activist hedge fund Starboard Value… Read More ›