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05.04.26 - 05:06
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Japanese chains Aeon, Ito-Yokado retreat in north China as instant retail race heats up (SCMP)
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Japanese retailers are scaling back in north China as fierce competition and weak pricing power erode profitability, forcing store closures in major cities and prompting calls for a sharper localisation strategy.
Groups such as Aeon and Ito-Yokado have closed outlets in Beijing and Tianjin in recent years, highlighting mounting pressure from domestic rivals and shifting consumer habits in the region.
Aeon said it closed three supermarkets in Tianjin and one in neighbouring Hebei province after......
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03.04.26 - 11:48
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M&S calls for crackdown on ′brazen, organised, aggressive′ retail crime (The Guardian)
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Bosses write to home secretary and London mayor listing series of incidents staff have faced in past week Marks & Spencer has called on the government and London's mayor to crack down on retail crime, saying it has become “more brazen, more organised and more aggressive”, after reporting an increase in shoplifting and violence at its stores.The M&S chief executive, Stuart Machin, has written to the home secretary, Shabana Mahmood, and its retail director, Thinus Keeve, has written to the London mayor, Sadiq Khan, saying greater resources are needed for police to tackle the crime effectively and target repeat offenders and crime hotspots. Continue reading......
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02.04.26 - 12:24
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Italy Retail Sales Remain Flat In February (AFX)
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ROME (dpa-AFX) - Italy's retail sales stalled in February after rebounding in the previous month, the statistical office ISTAT reported Thursday.The sales value remained unchanged on a monthly bas......
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02.04.26 - 12:12
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Secondhand clothes sales forecast to hit $289bn as AI helps shoppers find deals (The Guardian)
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Sites such as Vinted and ThredUp expected to help resale grow twice as fast as overall clothing market in coming yearsBusiness live – latest updatesSecondhand clothing sales are forecast to surge 12% this year to $289bn (£217bn) and continue to step up, as AI and social media influencers help shoppers find the items they want.The rise of sites such as Vinted, Depop, Vestige and ThredUp is expected to power an average 9% annual growth over the next five years to reach $393bn, twice the pace of the overall clothing market. Continue reading......
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02.04.26 - 10:42
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Dutch Retail Sales Growth Eases To 1.3% (AFX)
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BRUSSELS (dpa-AFX) - The Netherlands' retail sales growth eased for the third straight month in February, according to data published by the Central Bureau of Statistics on Thursday.Retail turnove......
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