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

Fourth EstateMade in China product label

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 in April, more than a 6% decline that economists forecasted, …

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Ikea Continues to Source Russian Lumber

Fourth EstateIkea Store - Kgbo

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 to Swedish newspaper Aftonbladet that the company had not stopped …

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Apple Store Workers at Grand Central Terminal Take Steps to Unionize

Fourth EstateApple Store New York - Massimo

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 “Fruit Stand Workers United” (FSWU), said on their newly launched …

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

Fourth EstateThe Works in Meadowhall Shopping Centre in Sheffield (August 2019) - Courtesy "The Works"

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. “Replenishment deliveries to the Group’s stores were suspended temporarily and …

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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 February dropped by 14.6 percent from a year earlier to …

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IKEA UK to Close Tottenhamm, UK Store, 450 Jobs Affected

Fourth EstateIKEA Tottenham Store

Furniture retailer IKEA said on Wednesday that it plans to close its store in Tottenham, London later this year, a move that would impact 450 jobs at risk. “The proposal to close the Tottenham store follows an extensive assessment of …

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EU Chains Metro and SPAR Still Operating in Ukraine and Russia

German wholesaler Metro and a Dutch food retailer Spar International BV announced on Wednesday that they are still operating in Ukraine and Russia. SPAR is keeping stores running either by reducing opening hours or paying salaries through international banks.  SPAR …

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Two Men Collapse, Die While Queuing for Fuel in Crisis-Hit Sri Lanka

Fourth EstateRegion Map of Colombo, Sri Lanka | Fourth Estate

Sri Lankan police said on Sunday two men collapsed and died while waiting in separate queues to buy fuel, as gas stations in the country face long lines amid a severe fuel shortage. “One was a 70-year-old three-wheeler driver who …

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