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The Daily NewsBrief

The Daily NewsBrief

Retail Industry

H&M Stores in Moscow Reopen for Final Liquidation

August 3, 2022

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

Media Topic: Tags Clothing Economic sanction Fashion Retail War Places: Places

US Retail Sales Up 1% in June, Beat Expectations

July 15, 2022

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

Media Topic: Tags Consumer goods Economic indicator Retail Places: Places

Lego Shuts Stores and Pulls Out of Russia

July 12, 2022

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

Media Topic: Tags Economic sanction Joint venture Layoffs and downsizing Toy War Places: Places

Apple Store Employees in Towson Maryland Unionize

June 20, 2022

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

Media Topic: Tags Labor Labor relations Unions Places: Places

China Economic Data Tumble After COVID Lockdowns, Retail Sales Down 11.1%

May 16, 2022

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

Media Topic: Tags Business information Economic indicator Pandemic Retail Places: Places

Thai Army Boycotts Lazada over Satire Video

May 10, 2022

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

Media Topic: Tags Armed Forces Electronic commerce Fundamental rights Online media industry Places: Places

Ikea Continues to Source Russian Lumber

May 10, 2022

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

Media Topic: Tags Commodity market Corporate social responsibility Economic sanction Forestry and timber Retail Places: Places

Apple Store Workers at Grand Central Terminal Take Steps to Unionize

April 19, 2022

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

Media Topic: Tags Business enterprise Retail Technology and engineering Unions Places: Places

UK Discount Retailer ‘The Works’ Reports Data Breach, Stores Closed

April 7, 2022

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

Media Topic: Tags Computer security Cyber crime Retail Places: Places

Hong Kong Retail Sales Drop 14.6% in February After COVID-19 Resurgence

March 31, 2022

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

Media Topic: Tags Business finance Consumer goods Economic indicator Economy, business and finance Retail Places: Places
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