International News

Department store operator Macy’s on Friday announced that Executive Chairman Terry Lundgren will retire on January 31. The retailer named CEO Jeff Gennette as Lundgren’s replacement. Gennette will serve as both chairman and CEO after Lundgren retires. Macy’s said its board...

Walmart on Wednesday announced it will change the company's legal name from Wal-Mart Stores, Inc. to Walmart Inc effective February 1, 2018. Walmart said it is changing its legal name as the company looks to emphasize its shift from a...

Starbucks Reserve Roastery in Shanghai, the first fully immersive coffee experience in Asia, will celebrate its historic opening on December 6, culminating in Starbucks most ambitious project ever. When the doors open to the world’s second Starbucks Roastery, created...

Online US retail giant Amazon has officially launched operations in Australia on Tuesday, with the brand looking to make an impact in the lead up to the busy Christmas period. Their 24,000-square-meter warehouse in the outskirts of Melbourne will offer...

Struggling retailer Toys'R'Us has confirmed plans to close a quarter of its stores, putting up to 800 jobs at risk. At least 26 of the 84 Toys'R'Us’s vast warehouse-style shops are to be closed. The company has 105 shops in...

Swiss luxury watch manufacturer Carl F. Bucherer has opened an exclusive monobrand boutique at Nanjing West Road 1045, Shanghai. Located in the heart of the vibrant metropolis, the boutique offers clients a unique brand experience and a wonderful collection of...

Major Australian retailers have come out fighting as American e-commerce giant Amazon prepares to launch its operations in the country. Woolworths, whose main operations include supermarkets, liquor retailing and discount department stores, has said it will step up its own...

The New York-based Tiffany & Co. jewelry chain has opened a restaurant The Blue Box Cafe at its flagship Fifth Avenue location in Manhattan. Its first-ever retail concept will serve American classics that change with the season. The iconic Tiffany Blue...

Starbucks today opened its first store in Jamaica and entered its 76th market globally, marking a historic milestone for the global coffee company’s Caribbean operations and its storied history of sourcing the highest quality coffee from the region going...

Debuting on November 20, 2017, the first Tom Ford beauty standalone store is the ultimate in luxury beauté, expressed through Tom Ford’s singular vision. Located in historic Covent Garden (3 The Market Building) this store is a pivotal moment...

Alibaba Group Holding Limited, Auchan Retail and Ruentex Group has announced a strategic alliance that brings together their online and offline expertise to explore new retail opportunities in China’s food retail sector. As part of this strategic alliance, Alibaba Group...

The Chinese e-commerce major Alibaba grossed over US $25 billion in its 24-hour long 11.11 Global Shopping Festival on Saturday. The company sold US $25.38 billion (168.2 billion Chinese Yuan) worth of goods within 24 hours of its annual sales...

When it comes to gender equality, Apple has a long way to go. According to the company's annual diversity report only about a third of its employees are women. The Cupertino-based iPhone maker's annual "Inclusion & Diversity Report" said, as...

Chinese e-commerce giant Alibaba on Saturday announced the sale of about US $12 billion worth goods within two hours of launch of its 11.11 Global Shopping Festival. "Nearly US $11.9 billion worth of total Gross Merchandise Volume (GMV) (sales in...