Retail Industry News

China's industrial output growth quickens in May but retail sales and investment contract

Chinese retail sales fall while industrial output rises

China's economic imbalance worsened in May as retail sales fell at the fastest pace in years, while industrial output accelerated, new data showed. Analysts have long warned that the world's second-largest economy is increasingly travelling along…

Opinion: Apartment REIT takeovers show institutions see promise where retail investors see pain

Please log in to bookmark this story. Create Free Account Blackstone Inc. BX-N, a great white shark of money management, is once again circling an unloved Canadian apartment owner, H&R Real Estate Investment Trust HR-UN-T. Last Thursday…

Retail giants join UK government drive to boost 'plug-in' balcony solar panels

Bosses of some of Britain's biggest retailers are discussing plans with the government to start selling plug-in solar panels as part of a drive to encourage more UK homes to generate their own electricity. Executives from brands including Currys…

SpaceX tops Amazon and Microsoft in market value as retail investors race to buy shares

SpaceX shares continued to soar in their third day of trading Tuesday, gaining another 15% as buyer interest in Elon Musk's largest company showed no sign of slowing down. Ever since SpaceX shares began trading on the Nasdaq Friday afternoon, the…

SpaceX becomes retail's biggest IPO trade: Chart of the Day

SpaceX's (SPCX) market debut turned into a record retail buying event, with individual investors buying more of the stock on day one than they did in Coinbase (COIN), Uber (UBER), Arm (ARM), or Airbnb (ABNB), according to data from Vanda Research…

Developing | China's economic imbalances deepen in May as retail sales drop

China's economic imbalances appeared to grow in May amid the fallout from the US-Israel war on Iran, as the country's sluggish retail sales highlighted persistent weakness in domestic demand even as exports skyrocketed. Retail sales, a key gauge of…

SpaceX Hits $2.5 Trillion. Retail Investors Bought as Much of It as the Entire Stock Market.

Three days after its record-breaking IPO, SpaceX is rewriting the record books again. Shares of the rocket and satellite company closed Monday at $192.50, up 20% on the day and 42% above their $135 IPO price, according to Bloomberg. The two-day run…

Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market

Carvana, known for dominating used car sales in the U.S., has bought seven new vehicle franchises since last year that primarily sell Stellantis' Chrysler, Dodge, Jeep and Ram brands. Dealers and industry experts said the move could significantly…

Company behind UK leather retailer plunges into liquidation as stores close

The company that operated a UK leather retailer has plunged into liquidation with several high street stores facing closures. Felldale Retail, that operated several Lakeland Leather stores, has been voluntarily liquidated. The business previously…

China's May retail sales fall for first time in over three years

China's economy showed increasing unevenness in May, with retail sales falling for the first time in over three years while industrial output picked up pace. SCROLL TO CONTINUE WITH CONTENT Industrial output rose 4.5 percent in May from a year…

China's Retail Sales Fall for First Time Since the Pandemic

The economic picture of China isn't looking pretty from a domestic demand perspective, the latest data shows. Retail sales fell 0.6% last month from a year ago, the first drop since the country reopened from Covid lockdowns in late 2022. Notably…

Silicon Motion says 'the retail SSD market has almost disappeared

The RAMpocalypse whooshes ever on, and while it can sometimes be hard to put into perspective exactly what that means, sometimes an insider gives a little insight. To this end, Silicon Motion VP Nelson Duann recently told Tom's Hardware that the…

NSSF, Nile Breweries rally traders on savings, responsible retailing

Small and medium-scale traders have been urged to embrace disciplined saving and responsible business practices as critical drivers of long-term financial stability and enterprise growth. The call was made by National Social Security Fund (NSSF)…

Craft retailer Lincraft to close rest of its stores in Australia and NZ

Retailer Lincraft has announced the closure of its store network across Australia and New Zealand. The company is the latest to shift its business model entirely online. It says 'this has been an extremely difficult decision'. Retailer Lincraft…