International News

The closure of non-essential retail in the UK, now extended for another three weeks, equates to 382 million square feet of physical space out of action. This space would have generated £14.5bn of sales over that period based on...

The clothing brand Harpenne, owned by River Island, has permanently closed less than a year after launching. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news saying:“Still in its infancy and...

The UKs Competition and Markets Authority (CMA) has provisionally allowed Amazon to invest in food delivery startup Deliveroo as the new coronavirus pandemic is having a significant negative impact on Deliveroo's business. The UK's primary competition and consumer authority was...

The House of Luxury (HOL) has unveiled their new virtual showroom with exclusive virtual trunk shows featuring some of the Middle East’s leading fine jewellery designers; YEPREM, Alessa, Tabbah, Aisha Baker and Terzihan. Aisha Baker, Designer says, “We are happy...

Luxottica Group and Versace announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Versace brand. The ten-year renewal is effective starting April 1, 2020 and...

New research from Mintel, ‘The Experts in What Consumers Want and Why’, reveals the changes in consumer sentiment and behavioriour surrounding food and drink categories as a result of the spread of COVID-19 across Southeast Asia. Tan Heng Hong, APAC...

Transitions in South America coupled with store closures in China drove a decline in Nike’s margins and sentiments, says GlobalData, a leading data and analytics company. GlobalData’s company filing analytics platform found that Nike’s overall sentiment score declined by 9.4...

Thousands of stores, supermarkets and shopping malls have closed since March and millions of people have been forced to stay-at-home amid coronavirus lockdown. This has led the European retail sales industry to suffer its biggest fall in years. Some...

eBay Inc. announced that the company's Board of Directors has appointed Jamie Iannone as Chief Executive Officer, effective April 27, 2020. He has also been elected to the company's Board of Directors. Most recently Iannone was Chief Operating Officer...

Amazon will soon allow third-party sellers to start ship nonessential items to its warehouses as it ramps up efforts to supply the essential items in the challenging COVID-19 times. In a statement to CNBC, the e-commerce giant said: "We appreciate...

Designer jeans company True Religion has filed for Chapter 11 bankruptcy protection for the second time in three years, citing difficulties due to the coronavirus pandemic. In a court filing, the denim retailer said it would have preferred to wait...

Amazon.com said on Monday it would hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers as the coronavirus epidemic keeps Americans locked in their homes and demand for online orders surge. On March 16, Amazon announced...

Walmart Grocery app grabbed the top position as this week in the US and hit an all-time high in downloads across all shopping apps, surpassing Amazon by 20 per cent. According to a new analysis from app intelligence firm App...

Hit by unprecedented online orders amid lockdowns and social distancing, Amazon has announced to put customers on a waiting list, and will invite new customers to shop every week. The e-commerce giant said while it has increased order capacity by more than 60 per...