International News

E-commerce behemoth Amazon has reported better-than-expected Q3 results in the pandemic times when people tend to shop more online, as net sales increased 37 percent to US$ 96.1 billion in the third quarter, compared with US$ 70 billion in...

Amazon has launched shopping website in Sweden. Customers across Sweden can visit Amazon.se to shop from a selection of over 150 m products, with the benefit of everyday low prices and reliable free delivery for eligible orders above SEK...

Alibaba Group Holding Limited kicked off its 11.11 Global Shopping Festival with new innovations and features to meet rapidly changing consumer trends. These include the participation of Alipay’s digital lifestyle platform; broader consumer reach and bigger promotions; ‘double’ the number...

Alibaba Group Holding Limited announced it will invest approximately US$ 3.6 billion in respect of Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately...

Third-party sellers surpassed $3.5 billion in sales on Prime Day, a nearly 60 percent year-over-year increase, Amazon said after wrapping up the two-day event across 19 countries. In addition, Prime members around the world saved over US$ 1.4 billion during...

Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised US$ 608 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S.,...

South Korea is one of the most developed e-commerce markets globally. The ongoing COVID-19 pandemic and the subsequent lockdown and social distancing measures undertaken by government have further accelerated e-commerce sales in the country, according to GlobalData, a leading...

Ingka Group today announced strong IKEA retail sales of EUR 35.2 billion for the financial year 2020 (EUR 36.7 billion FY19), despite the economic and public health challenges posed by COVID-19. The company continues to transform its business to...

Walmart Inc., Asda Group Limited, the Issa brothers and TDR Capital announced that the Issa brothers, Founders and Co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital...

Amazon on Tuesday introduced a contactless way for people to use their palm to make everyday activities like paying at a store, presenting a loyalty card, or entering a location like a stadium. Called, Amazon One, the service uses custom-built...

Amazon has announced that it will hold its much-awaited annual sale event Prime Day on October 13-14, putting an end to uncertainties surrounding the event amid the COVID-19 pandemic. This year's event will feature ‘incredible savings and deep discounts’ on...

Frost & Sullivan’s recent analysis, Transformative Mega Trends Driving the Global Personal Care Active Ingredients Market, 2020, finds that the personal care active ingredients market is expected to reach US$ 4.85 billion by 2025 from US$ 3.9 billion in...

Riding on the surge in grocery demand in the COVID-19 times, online retail sales in Asia will grow from US$ 1.5 trillion in 2019 to US$ 2.5 trillion in 2024, with a compound annual growth rate (CAGR) of 11.3...

According to the research data analyzed and published by StockApps.com, US department stores reported a 75 percent drop in sales during Q2 2020. The report estimated a decline of 60 percent for the whole year, while predicting a 20...