Tag: retail
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Western brands under pressure as ‘pre-owned’ luxury booms in China
French luxury house Louis Vuitton has closed five stores in mainland China in the past two years – including a chocolate boutique in Shanghai – while Parisian department store Galeries Lafayette shut its Beijing flagship in May.
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India retailers weigh impact of upcoming UPI transaction fees
The charges, delayed until after Deepavali, could prompt some retailers to encourage other payment methods, even as experts argue they are needed to sustain the fast-growing network.
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Hong Kong August retail sales rise 5.6%
HONG KONG, Oct 2 : Hong Kong’s August retail sales value jumped 5.6 per cent from a year earlier to HK$32.1 billion ($4.09 billion) for a 16th month of gains, government data showed on Friday.• In July, retail sales value rose 4.5 per cent on the year• Growth was seen across many types of retail…
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How Tollyjoy grew from a 100-worker Singapore factory to a regional brand over 55 years
Founded by Mr Tan Khung Ngee and his wife, Madam Tan Hong Keow, in 1971, the family business later passed to their son who had initially hoped to pursue medicine.
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Tom & Stefanie down to three stores from 10 as founders’ daughter aims to keep business going
The founders’ daughter, who is also named Stefanie and grew up helping out at the family’s stores, says she wants to keep the business going for longtime staff who have been with the company for almost 20 years.
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Italian Apple store employees strike on iPhone18 Pro launch day
MILAN, Sept 18 : Italian Apple store employees went on strike over their working conditions on Friday, the launch day for the new iPhone18 Pro, the latest version of the US tech giant’s flagship smartphone.The Filcams CGIL, Fiascast CISL and Uiltucs trade unions said their members would refuse to work for the
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Dollar falls on surprise drop in US retail sales
NEW YORK, Aug 14 : The dollar fell on Friday after data showed U.S. retail sales unexpectedly declined in July, as traders weighed Federal Reserve policy and the prospect of a Bank of Japan rate hike next month aimed at supporting the yen.Retail sales dropped 0.6 per cent last month after an unrevised 0.2 per
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Unitree’s Shanghai IPO more than 8,000 times oversubscribed by retail investors
BEIJING, Aug 10 : Chinese robot maker Unitree said on Monday its Shanghai initial public offering was oversubscribed by about 8,288.82 times by retail investors, triggering a clawback mechanism.The final lot-winning rate in the so-called online tranche of the offering – mainly for retail investors – was rough
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Retail investors sold SpaceX shares for first time on Friday
Aug 10 : Retail investors who spent weeks defending SpaceX through its post-IPO run turned net sellers on Friday, marking the first such instance since the company’s blockbuster debut in June. Mom-and-pop traders sold a net $4.5 million in Elon Musk’s rocket company on August 7, the first net negative reading
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Analysis:Korean ‘ants’ swarm back to Wall Street as KOSPI rout dents homecoming drive
SEOUL, Aug 7 : South Korea’s stock market rout is unravelling a government-backed effort to lure retail ‘ant’ investors home, driving the biggest rush into the U.S. market in six months and reviving a long-standing risk to the won.In July, as the benchmark KOSPI sagged to its largest monthly loss since the de
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