International News

Despite the challenges of the pandemic, holiday sales in the US beat expectations thanks to a spike in online sales.According to the research data analyzed and published by Finaria, retail sales grew by 3% during the period, against an expected...

Architecture and design collaborative Bergmeyer released its 2020 Future of Shopping Trend Report. Bergmeyer’s retail design experts conducted a nationwide survey focused on identifying consumer’s sentiments on shopping, structuring the survey to first understand pre-COVID shopping behavior through a series of closed and open-ended questions,...

The Asia-Pacific (APAC) confectionery sector is the second fastest growing globally that is expected to reach US$54.1bn in 2024, growing at a value compound annual growth rate (CAGR) of 3.5% during 2019-2024. Rising disposable income and health consciousness among...

South Korean retail investors have loaded up on shares in top-cap Samsung Electronics this year, reaping a huge return on their investments, data showed on Monday. Local individual investors had bought a net 14.7 trillion won (US$13.3 billion) worth of...

Retail sales in the US rose three per cent during this year's expanded holiday season, running from October 11 through December 24, while online sales in the country grew 49 per cent as compared to 2019, said a report...

The Asia-Pacific (APAC) hot drinks sector is the largest in the world and is expected to reach US$116.8bn in 2024, growing at a compound annual growth rate (CAGR) of 7.7% during 2019-2024. Increased spending power and busy lifestyles are...

Danone’s job postings jumped in Q2 during COVID-19 lockdowns, rising from 536 in January to reach a high of 1,141 in May. However, this was followed by a reorganization in Q3, which led to reduced positions, finds GlobalData, a leading data and analytics...

aking its autonomous vehicle pilot with a startup called Gatik to the next level, retail giant Walmart is now planning to start deliveries with driverless truck in the US state Arkansas starting next year. "This achievement marks a new milestone...

Vladimir Norov, Secretary-General of the Shanghai Cooperation Organization (SCO), said the coronavirus pandemic, despite its enormous damage to public health and global economy, had brought new opportunities by accelerating digital transformation. Speaking via video conference here on Monday, Norov said...

Due to the ongoing coronavirus pandemic, 8,400 retailers and 110,000 restaurants across the US have been closed so far this year, according to industry statistics. Data issued on Sunday by the New York-headquartered Coresight Research revealed that the Ascena Retail group, an American retailer...

Vietnam is one of the fastest growing e-commerce markets in the Asia-Pacific region, driven by young population, growing middle class, growing Internet penetration and rising smartphone penetration. The COVID-19 pandemic and the subsequent social distancing measures have further accelerated...

As e-commerce and delivery ramp up - due to Christmas, COVID-19 and lockdowns - German discounter, Aldi, has expanded its tie-up with Deliveroo to almost 130 of its 900 stores in the UK and would extend a click and...

A new report titled ‘Multichannel Retail and COVID-19′ by leading data and analytics company, GlobalData,  (download: https://bit.ly/mcretail2) finds that shopping habits in the US and Europe shifted dramatically because of disruption caused by the pandemic, driving rapid adoption and growth in buy online,...

Christina, a 74-year-old woman, only spent about five minutes buying a toaster oven at Macy's flagship store in New York city on Black Friday morning. "It was quick, it was a short line. It is not very busy now," the...