International News

The operator of KFC in China is rolling out a futuristic system of paying at a fast-food counter via facial recognition, as the country embraces the technology for everything. Diners at a KFC store in the eastern Chinese city of...

BRICS countries account for 47 per cent of the global online retail sales surpassing US $876 billion in 2016, a new study revealed on Thursday. According to the study released by the Ali Research Institute affiliated with China's e-commerce giant...

Amancio Ortega, co-founder of Spanish retailing giant Inditex, is now the richest person on the planet, with a US $200 million edge over previous leader Bill Gates, Forbes reported. Ortega, 81, founder of Zara parent Inditex S.A. and Europe’s wealthiest...

Starbucks has announced that it will be shuttering its online business. The coffee giant is clearing the stock by offering up to 50 per cent discount. The company will close its online store on October 1 and will focus on...

Alibaba-backed Chinese food delivery firm Ele.me will take over the food delivery unit of search engine giant Baidu for US $800 million. In a short statement announcing the news, Baidu said that Xiaodu is now a subsidiary of Rajax and...

Walmart and Google have announced a new partnership that will enable voice shopping through Google Assistant, Google’s virtual assistant that lives on devices like its smart speaker, Google Home. The world's largest retailer said Wednesday it's working with Google to...

Amazon.com, now closing its acquisition of Whole Foods Market Inc., announced on Thursday its plan to make the latter's natural and organic food affordable for everyone. As what the world's largest Internet-based retailer called a down payment, the grocery store...

After announcing in July that the first-ever Hong Kong location will open in 2018, plans are now underway for Shake Shack Inc. and its licensee, Maxim’s Caterers Limited, to open the first restaurant in mainland China by 2019. Maxim’s Caterers...

Macy's Inc. announced a management shakeup Monday, with the hiring of an eBay executive, Hal Lawton, as President and the elimination of 100 jobs by consolidating the company's merchandising, planning and private brands functions. "Hal Lawton has deep expertise at...

US President Donald Trump slammed Amazon.com, Inc., saying the e-commerce titan was harming physical retailers and triggering job losses nationwide, media reports said. "Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the US are...

Mall of America, the largest shopping centre in USA, turned 25 in the month of August. The mall has not just thwarted the threat that e-commerce is posing but has strived to be the biggest retail destination in the...

ALDI, one of America's favorite grocery retailers, announced a partnership with Instacart, the technology-driven, nationwide on-demand grocery delivery service. The pilot program from ALDI, already a leader in convenient shopping, will give people even more access to high-quality groceries...

Riding on the 'better-than-expected iPad and iPhone sales', the upcoming flagship device iPhone 8 could make the Cupertino-based giant the first company to reach and sustain a US $1 trillion market cap, analysts have predicted. According to a report in...

Reality TV personality Kylie Jenner's cosmetic line has minted US $420 million within 18 months, beating other competitve brands. According to Women's Wear Daily magazine, comparable brands managed by major cosmetic companies like the Estée Lauder owned by Tom Ford...