International News

A US-based drone delivery service has completed its first month in operation, successfully sending over-the-counter medicines, hot food items and cold beverages to customers' homes using GPS-enabled autonomous flying vehicles. According to a PTI report: The company conducted regular weekend...

LetterOne (L1), the international investment business, on Tuesday announced the launch of L1 Retail, a new retail investment arm.L1 Retail aims to find and develop 21st century retail stars, initially in Europe, including the UK, and in the emerging markets (with the exception of Russia). It will invest up to $3 billion in a small number of retailers that have the...

Famous bookstore Barnes & Noble is all set to open its third bookstore prototype - complete with a full-service restaurant in Folsom, California, this week. Barnes & Noble is trying to revive sales in the face of growing online competition. The...

In it's first ever drone delivery, e-commerce giant Amazon delivered a bag of popcorns and an Amazon Fire TV streaming device box to a farmhouse in England on December 7, 2016. The service is being called Amazon Prime Air. The...

Coca-Cola CEO Muhtar Kent is stepping down next year and will be succeeded by COO James Quincey. 51-year-old Quincey is being charged with the job of shifting the company towards less sugary beverages. Quincey will take up the post of CEO on...

More than 80 per cent of the world’s consumers reside in emerging markets and account for nearly 65 percent of the world’s spending on fast-moving consumer goods (FMCG). What’s remarkable is that 60 percent of these consumers are located...

Australian consumers are increasingly aware of food intolerance and allergies, gaining weight and eating healthy. Supermarkets in Australia sell the majority of health and wellness food benefiting from the perception of lower prices, particularly in comparison to other grocery...

This update highlights the structural changes experienced in the Canadian retail landscape since The Consumer Trends Report was released in 2005. The major actors operating within this retail sector and the impact of shifting consumer behaviour on the volution...

Mondelez International Inc.is launching a holiday Oreo website which will sell tins of Oreos directly to consumers. The new website will be launched on December 12. In 2015, Mondelez created a dedicated e-commerce team with a goal of generating $1 billion in revenue...

Amazon has unveiled a new kind of retail store, with no cashiers. The concept store, launched in Amazon's hometown, Seattle, customers can fill their shopping carts and walk out - with the costs tallied up and billed on their accounts with...

Burberry is organizing birthday parties, private dinners and art-gallery visits for high-spending shoppers. Yes, you heard that right! The luxury brand is extending concierge and personal services to customers who truly live by the adage: money is not a problem. According...

We conducted an online, panel-based survey of 1,000 adult Chinese consumers to identify patterns in consumer behavior among various demographic groups in China. We analyzed the data according to location, gender, and brand type to better understand how consumer...

Howard Schultz, Chairman and Chief Executive Officer (CEO) of Starbucks, will be stepping down in April next year and will move into the role of executive chairman. Starbucks’ President and Chief Operating Officer (COO) Kevin Johnson will replace Schultz as...

Eurasia & Africa is a vast and dynamic region with a population of more than 1.9 billion people across 85 countries on three different continents. It is a region of where the population is projected to grow at 2 per cent...