Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Auto industry total retail sales rise 21.83%
Total automobile retail sales in India grew by 21.83 per cent year-on-year at 25,57,234 units in June, with the industry remaining cautiously optimistic going forward hoping for monsoon to make up for the deficit, Federation of Automobile Dealers…
Banks and building societies leapfrog retailers in customer satisfaction index
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Banks and building societies have overtaken the retail…
Retail Investors No Longer Want Exposure-They Want Optionality
Bill Capuzzi is the CEO of Apex Fintech Solutions, advancing digital custody, clearing, and wealthtech for the next generation. Today's retail investors aren't choosing a strategy and sticking with it. They're building portfolios around…
Banks and building societies leapfrog retailers in customer satisfaction index
Banks and building societies have overtaken the retail sector for the first time in a long-running customer satisfaction index. The top spot for the banking sector as a whole came as Nationwide Building Society was named in the research as the top…
Editorial | 13-month retail growth streak proves Hong Kong is back in business
Hong Kong's retail is getting its mojo back. Once branded a shopping paradise, the sector fell on hard times due to the Covid-19 pandemic and then across-the-border shopping and dining. But it is, as they say, back in business. Sales in May rose…
India fashion retailer Trent tumbles 11% as revenue growth disappoints
Shares of Trent, one of India's biggest fast fashion retailers, fell over 11% on Tuesday. The Tata Group company reported revenue of 56.66 billion rupees ($595 million) for the quarter ended June, up 19% on year. Citi said in a report that it…
Watch Retail Investors Use ETFs as a Tool For Alpha: Zhang
Retail Investors Use ETFs as a Tool For Alpha: Zhang Sylvia Zhang, executive director and assistant head of global index at E Fund Management, joins Scarlet Fu, Katie Greifeld, and Eric Balchunas on 'Bloomberg ETF IQ.' They discusses China's…
Namibia Lets Vitol Supply Fuel Retailer After Emergency Deal
Namibia is allowing Vitol Group to supply local fuel retailer Nasan Energies, following the country's earlier move to arrange an emergency deal with the trader. The nation's competition commission prohibited Nasan from sourcing fuel from Vitol for…
Microreactors Reach Milestones And Retailers Go Nuclear
Deployable Energy's Unity microreactor reached criticality at Idaho National Laboratory. This completed the third advanced reactor demonstration under a presidential executive order. Constellation Energy (CEG) signed a long-term power purchase…
Struggling retailer Toys 'R' Us to shutter Transcona store
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Eurozone Retail Sales Picked Up in May
Eurozone retail sales rebounded in May, highlighting a brighter outlook for consumer demand despite lingering uncertainty from the conflict in the Middle East. Retail sales volumes rose 0.2% on month, following a 0.3% decline in April, according to…
Major beauty retailer returns to UK high street with 15 new stores confirmed
Beauty retailer Bodycare is returning to the UK high street with 17 new stores set to open. Bodycare collapsed into administration last September and as a result, all of its 147 stores were closed down. However, it was announced in April this year…
Retailers See Foot Traffic Surge During Prime Day Counter Sales
Now that Prime Day has wrapped up, location analytics firm Placer.ai crunched the numbers on foot traffic for Amazon retail rivals who were offering countermeasures to the deep discounts. Researchers at the company said the efforts paid off by…
Nigerian-Australian Model Accuses Fashion Retailer of Using AI To Alter Features
A Nigerian-Australian model accused a menswear company of using AI to lighten his skin in its promotional materials. Elii Emeghebo said Peter Jackson, a menswear company that specializes in suits, used AI to alter his skin tone and reshape his…
'Rapid growth' of retail media laid bare in IAB findings
The Interactive Advertising Bureau (IAB) of Australia has declared retail media to be in a period of “rapid growth”, with fast-increasing spending into the sector paying dividends. In its retail and commerce media “state of the…
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