International News

L’Oréal China and Alibaba Group signed an agreement committing to using environmentally packaging in order to reduce waste in China.The agreement, which will be rolled out over the next five months, includes a pledge from L’Oréal to switch to...

Carrefour and Tesco have announced their intention to form a long-term strategic agreement.This agreement will cover strategic relationships with suppliers as well as the joint purchase of own-brand products and non-market goods. It will be governed by three-year operational...

Online shopping will become a lot more exciting with the launch of Mall.Global. The US $500 million debut venture of Dubai based tech firm revealed the project outline that is all set to give traditional e-commerce a facelift by...

The Kroger Co. and Nuro has announced a new partnership to redefine the grocery customer experience for Americans by piloting an on-road, fully autonomous delivery experience.Together, America's largest supermarket retailer Kroger and Nuro, maker of the world's first fully...

NIKE, Inc. has reported financial results for its fiscal 2018 fourth quarter and full year ended May 31, 2018.Fourth quarter revenue increased 13 percent to US $9.8 billion driven by strong double-digit revenue growth in international markets and NIKE...

Starbucks Corporation has announced a set of strategic priorities and corresponding operational initiatives to accelerate growth and create long-term shareholder value.Starbucks details three strategic priorities to regain revenue and earnings momentum:- Accelerating growth in the U.S. and China, the...

In an apparent move to rebuild its presence in the country, tech giant Google is set to invest US $550 million in cash into Chinese e-commerce player JD.com."As part of a strategic partnership, Google will put US $550 million...

Gap Inc. has announced the appointment of Neil Fiske as President and Chief Executive Officer of Gap brand. Fiske will begin his new role on June 20, 2018, and will serve on the company’s senior leadership team, reporting to...

Walmart and Advent International, one of the largest and most experienced global private equity investors, announced that Advent has agreed to invest in a majority stake in Walmart Brazil to strengthen the business and position it for long-term success.Under...

Starbucks Executive Chairman Howard Schultz, who oversaw the growth of the coffee chain into a global powerhouse, has said he is quitting the company after nearly four decades.Schultz, who retired as Chief Executive last year, is to relinquish his...

Afound has announced the opening dates for its first two stores, which will be located in Stockholm and Malmö. The Stockholm store will open on June 14 at Drottninggatan 53, while the Malmö store will open on June 16...

Chinese e-commerce giant Alibaba Group on Friday announced that it will invest over 100 billion yuan to build a smart logistics network, aimed at improving the company's efficiency and delivery reach to customers.The announcement was made by Jack Ma,...

Walmart has introduced personal shopping service in collaboration with Jetblack. The service gives customers access to personal shoppers through text message by paying US $50 per month.Jenny Fleiss, Co-Founder and CEO of Jetblack said, “Consumers are looking for more...

As part of ongoing efforts to streamline the company's operations and focus on our Best Stores, Sears has identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future."We continue to evaluate our...