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27.06.26 - 04:00
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CU in China: Why South Korean retail giant is adopting ′online first′ strategy (SCMP)
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South Korean convenience store giant CU has been testing the waters in China with a limited online trial operation, marking a different approach from other multinational brands that bet big on physical outlets.
The brand, operated by BGF Retail which has around 18,600 stores in South Korea, is being cautious to start with. Together with its Chinese partner Ningshing Ubay, it is only selling 11 products on e-commerce platform Tmall under Alibaba Group, which also owns the South China Morning......
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26.06.26 - 12:06
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Big stride: Xtep opens first Saucony store in Hong Kong, eyes more prime retail sites (SCMP)
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Chinese sportswear maker Xtep International has opened Saucony's first standalone store in Hong Kong, signalling the premium running brand will expand further, with the city positioned as a showcase market while the group's core label is reserved for broader overseas growth.
The outlet at K11 Art Mall in Tsim Sha Tsui is Saucony's first directly operated store in Hong Kong after Xtep took full control of the brand's business in mainland China, Hong Kong and Macau through a buyout of its joint......
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26.06.26 - 11:36
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DAX Slides As Tech And Retail Stocks Slump (AFX)
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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were sharply lower on Friday as technology stocks fell on signs of rising memory costs.The benchmark DAX was down 231 points, or 0.93 percent, at......
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26.06.26 - 10:24
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Norway Retail Sales Fall 2.1% (AFX)
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OSLO (dpa-AFX) - Norway's retail sales decreased in May after rebounding in the previous month, preliminary data from Statistics Norway showed on Friday.The volume of retail dropped a seasonally a......
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25.06.26 - 20:57
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Xbox Hits Gamers With Price-Hike As Major Retailer Warns Console Shortage Looms Ahead Of GTA VI Launch (ZeroHedge)
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Xbox Hits Gamers With Price-Hike As Major Retailer Warns Console Shortage Looms Ahead Of GTA VI Launch
Two reports hit on Thursday that could upset gamers ahead of the release of Grand Theft Auto VI.
First, a major retailer warned that console shortages could emerge as demand for PlayStation 5 and Xbox Series X/S hardware collides with a memory chip shortage. Then The Verge reported that Xbox consoles are set for another price hike, adding another pain point for gamers months before one of the most anticipated video game releases in over a decade.
Video game industry publication The Game Business reported Thursday that the ongoing hardware component shortage, better known as the chip shortage, could spark a supply crunch for popular gaming consoles at major retailers in the coming months.
Here's what the outlet reported:
But a senior games buyer, speaking without the permission of his employer, told us: "We've been informed that because of the on-going issues around hardware comp...
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