International News

UK-based Sainsbury's plans to open an Argos branch inside every one of its supermarkets. Sainsbury's boss Mike Coupe said on Wednesday that there will be an Argos mini-store or a click-and-collect point in every supermarket over the next few years. The move is part...

The Coca-Cola Company has announced its intention to acquire Anheuser-Busch InBev’s (ABI) stake in Coca-Cola Beverages Africa (CCBA) following the closing of the ABI combination with SABMiller. The company has chosen to exercise its right to acquire ABI’s stake in...

Dole Food Company announces the acquisition of the TucFrut farms and packing facilities in the Molina and Linares areas of Chile. The TucFrut property, located 140 miles South of Santiago, consists of five different farms spread over 1,000 hectares...

Amazon's smart speaker system - Amazon Echo - was unveiled in the UK on September 28, 2016. The Echo, which is an artificial intelligence device, is a 23.5 cm tall cylindrical speaker - similar in appearance to the UE Megaboom - with a seven-piece microphone...

Smartphone and media device maker Xiaomi, which has till now largely focused on an e-commerce strategy, now plans to venture into physical retail. On Sunday, Xiaomi Corp announced plans to open 1,000 stores in three to four years, instead of just...

Last Thursday, Walmart Stores Inc made the announcement that it plans to slow down on new store openings and instead concentrate on its e-commerce business. This shift in strategy comes in part of its acquisition of Jet.com. In his blog,...

Fast fashion brands Zara and H&M opened their first stores in New Zealand this week, and hundreds of shoppers turned up to pick up simple, smart and elegant pieces of clothing at very affordable prices. Zara's one-storey outlet at New Zealand's Sylvia Park...

A month after its final store closed, British retailer BHS is back - but only online and with a new name and new owners. After the store went under in June 2016, its online and international operations were bought over by the Al...

Dhakai Jamdani, one of Bangladesh's finest muslin textiles, is set to be registered this month as the country's first Geographical Indication (GI) product, a media report said on Thursday. Senior Secretary of the Industries Ministry M. Mosharraf Hossain Bhuiyan made...

Walmart has nearly doubled its stake in Chinese online retailer JD.com, according to a financial document disclosed on Wednesday. In a form filed with the Securities and Exchange Commission, the Bentonville, Ark.-based company said it owns 265 million shares, or...

Toys R Us has sold its iconic FAO Schwarz brand to ThreeSixty Group, a company that designs and sells toys, home goods and other products. Toys R Us had acquired FAO Schwarz seven years earlier in 2009, but has shut shop...

Shoppers want a clean house, but they don’t want to spend a lot of time cleaning. “Consumers are more likely to prefer to clean as they go, doing quick cleanups that fit into their schedules, than setting aside time...

Target said on Friday Chief Digital Officer Jason Goldberger, who had been with the company for four years, has left the retailer and his role will be taken over by two senior company executives. The Minneapolis-based retailer said Goldberger's role...

In what is being seen as a spin-off of the Welspun disaster, US-based retailer J C Penney has said it will be offering refunds to shoppers who purchased certain towels and a comforter set. This, even though the retailer is unable to...