A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
A Dubai-based tech firm has announced an ambitious online mall project with Mall.Global intending to “give traditional e-commerce a facelift by incorporating immersive technologies and operational practices.”
The problems currently being endured by Australian department store operators have come into even sharper focus as upscale retailer David Jones has axed 16 senior staff with its fashion MD having been terminated
H&M is upbeat despite a tough six months, saying it's on the right path, is improving the product mix, seeing good results from new launches and scaling up tech developments that offer future profit potential.
The home furnishings retailer reported a surprise drop in quarterly same-store sales on Wednesday, hurt by fewer redemptions of its once-popular coupons amid intense competition from online and off-price rivals.
Shanghai has a new luxury address, with the opening of Bulgari Hotel Shanghai. Set on the riverbank not far from the city's famous waterfront The Bund, Bulgari Hotel Shanghai is a 48-floor tower that features 82 rooms.