H&M Stores in Moscow Reopen for Final Liquidation
Clothing chain H&M reopened its stories in Moscow on Tuesday to sell its final and remaining stock before permanently leaving the Russian market. Footage from Baza showed a long queue … Read more
Retail Industry
US Retail Sales Up 1% in June, Beat Expectations
The United States retail sales increased by 1 percent in June amid price increases. The record surpassed the 0.8 percent expectation and recovered from last month’s 0.1 percent drop. This … Read more
Lego Shuts Stores and Pulls Out of Russia
Danish toymaker Lego announced on Tuesday that it is ending a joint venture with Russia’s Inventive Retail Group (IRG) and will stop selling products in Russia. IRG operated 81 retail … Read more
Apple Store Employees in Towson Maryland Unionize
More than 100 Apple retail employees in Towson Maryland voted to unionize, becoming the first retail level workers of the tech giant to unionize. The Apple employees “have overwhelmingly voted … Read more
China Economic Data Tumble After COVID Lockdowns, Retail Sales Down 11.1%
China’s economic data plunged in April, worse than what analysts expected, after harsh measures to curb COVID-19 in its commercial hub Shanghai battered businesses. Retail sales fell down 11.1% year-on-year … Read more
Thai Army Boycotts Lazada over Satire Video
The Commander-in-Chief of the Royal Thai army banned the use of Lazada in all military units after a controversial TikTok video sparked outrage from royalist groups. General Narongpan Jitkaewtae claimed … Read more
Ikea Continues to Source Russian Lumber
Furniture company Ikea has continued to source Russian lumber despite its pledge to pause all imports from and exports to the country. Development Manager Purchasing at Ikea Robert Olsson confirmed … Read more
Apple Store Workers at Grand Central Terminal Take Steps to Unionize
Workers at Apple’s flagship Grand Central Terminal retail store in New York City announced on April 18 that they plan to form a union. The organizers, who have dubbed themselves … Read more
UK Discount Retailer ‘The Works’ Reports Data Breach, Stores Closed
UK retail chain The Works has been forced to close down its stores after being hit by a cyberattack. The undetermined cyberattack reportedly disrupted supply chains, logistics, and payment systems. … Read more
Hong Kong Retail Sales Drop 14.6% in February After COVID-19 Resurgence
Hong Kong’s retail sales fell in February after 12 straight months of growth as a resurgence of COVID-19 infections forced the city into another slew of lockdowns. Retail sales in … Read more