WASHINGTON (NYTIMES) – Retail sales fell more than expected last month, the US Commerce Department reported on Tuesday (June 15), a sign of the uneven …
Corporate America starts paying attention to retail investors
(NYTIMES) – After CarParts.com reported its quarterly results recently, executives at the company, which sells replacement car parts, did something rather unusual. They hosted a …
Citi retail units seen fetching US$6 billion as sales kick off
(BLOOMBERG)- Citigroup could fetch as much as US$6 billion from the sale of retail banking assets in 13 markets across the Asia-Pacific region, Europe and …
Citi’s new CEO taps familiar strategy with retail banking exits
NEW YORK (BLOOMBERG) – As Citigroup simplifies its sprawling businesses, new chief executive officer Jane Fraser is reaching for a familiar playbook: her own. Ms Fraser, …
Robinhood, at the heart of retail trading frenzy, files for IPO
BENGALURU (REUTERS) – Robinhood Markets, the online brokerage at the centre of the historic retail trading frenzy that gripped Wall Street this year, has confidentially …
Parkson Announces the Annual Results for the Year Ended 31 December 2020
HONG KONG, Feb 23, 2021 – (ACN Newswire) – Parkson Retail Group Limited (“Parkson’ or the “Company”, with its subsidiaries collectively referred as the “Group”, …
GBA Welcomes Venture Investment Platform DAO Maker as New Corporate Member
Washington, D.C., Feb 19, 2021 – (ACN Newswire) – The GBA has added another valuable corporate member to their growing network. DAO Maker, DAOETH, is …
GameStop unraveling quickens, pushing weekly collapse past 80%
NEW YORK (BLOOMBERG) – GameStop capped another day of heavy losses on Thursday (Feb 4), pushing its collapse past 80 per cent this week as …
S&P 500 posts biggest gain since Nov 24, led by gains in tech shares
NEW YORK (REUTERS) – The S&P 500 registered its biggest daily percentage gain since Nov 24 on Monday (Feb 1) after a steep sell-off last …
GameStop: US senators call for action against hedge funds as Wall Street braces for more market mayhem
WASHINGTON (AFP, REUTERS) – Progressive US senators Bernie Sanders and Elizabeth Warren called on Sunday (Jan 31) for action against what they said were the …
GameStop frenzy has spread to Asia
SINGAPORE (REUTERS) – Asia’s retail investors, emboldened by the meteoric rise of US videogame retailer GameStop, are taking on short sellers and making their brokers …
Amazon asks India court to jail retail tycoon in legal spat
MUMBAI (BLOOMBERG) – Amazon.com has filed a petition in an Indian court seeking detention of Future Group’s founder and seizure of assets for violating an …
Australia retail sales rise 7.1% as Melbourne trade resumes
(BLOOMBERG) – Australian household spending jumped in November as the southeastern state of Victoria was released from lockdown and consumers took advantage of discounts during …
Active SET debut sets Saksiam (SET: SAK) on robust growth course
BANGKOK, Dec 9, 2020 – (ACN Newswire) – Saksiam Leasing PCL (SET: SAK) made a trading debut on December 8 with an expected enthusiastic market …
Decline in retail sales slows in October
The slump in retail sales eased in October, although most segments still registered double-digit decline, according to data released by the Department of Statistics yesterday. …
Collapse of Debenhams, Arcadia threatens 25k jobs
LONDON • Britain’s retail industry suffered one of the harshest blows yet after two of the country’s best-known retailers collapsed, putting 25,000 jobs at risk …
Amazon wins Singapore court order to stall $4.6 billion Reliance-Future deal
SINGAPORE (BLOOMBERG) – Amazon.com secured relief in its dispute with Future Group after a court put a temporary hold on the debt-strapped Indian conglomerate’s US$3.4 …
Alibaba to take control of Sun Art, one of China’s largest hypermart chains
BEIJING (BLOOMBERG) – Alibaba Group Holding will invest about US$3.6 billion to double its stake in Sun Art Retail Group, taking control of one of …