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Indian retail sales tumble

Indian retail sales plunged 67 per cent drop during the last two weeks of June compared to the same period last year, according to an RAI survey.

Singapore sports retailer Sportslink collapses

Singaporean retailer Sportslink will be closed by court order over debts of more than US$720,000 owing to supplier Adidas.

Walmart+ subscription service set to launch this month

Walmart+ is the retailer’s latest bid to compete against online retail giant Amazon.

FamilyMart Japan subject of US$5 billion takeover bid

Japanese convenience store chain FamilyMart will be sold outright to local trading house Itochu, according to a new report in Nikkei.

Record fall in retail sales in Indonesia

Retail sales in Indonesia have seen the sharpest drop in 12 years, according to a Reuters report based on information from the nation’s central bank.

Vietnam’s rapid retail recovery melts Covid-19 gloom

Vietnam retail and service revenues surged by 5.3 per cent in June over the same month last year – and by 6.2 per cent over May.

Kim Kardashian sells stake in KKW Beauty to Coty

Kim Kardashian has sold a 20 per cent stake of her KKW Beauty brand to beauty giant Coty in a deal which values her label at US$1 billion.

Hong Kong e-commerce market tipped to reach $25 billion by 2023

The Hong Kong e-commerce market is expected to expand 40 per cent to a value of $25 billion by 2023 on the back of consumer adoption of bank transfers and digital wallets.

Contactless payments

Unprecedented growth ahead for e-commerce and contactless payments

Data and analytics firm GlobalData is predicting an unprecedented push in e-commerce and contactless payments following the coronavirus pandemic.

McDonald’s sales figures show marked improvement as Covid-19 lockdowns eased

Newly released McDonald’s sales figures have shown a marked global improvement for the business sequentially from late March through May despite Covid-19.

Retail sales in Indonesia drop dramatically

Retail sales in Indonesia have fallen by 16.9 per cent during the month of April compared to last year’s figures, according to government data.

Starbucks, Hyundai launch own-brand credit card

South Korean conglomerate Hyundai’s credit-card subsidiary Hyundai Card is collaborating with Starbucks to launch a private-label credit card.