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Ant Group company runs Alipay, the dominant online payment system in China, where cash, cheques and credit cards have long been eclipsed by e-payment devices and apps

Ant Group IPO attracts $2.8 Trillion From Investors in Shanghai

Alibaba-backed Ant Group is set to start trading on November 5 through one of the most anticipated IPOs ever.

5 Personalized And Intimate Gift Ideas For The Holidays

Christmas Gift New Year

It's still October, but we should all start thinking about the gifts we'll be giving for the holidays. Skip the in-store shopping this year and go for more personalized items you can have delivered right to your friends' and family's doors with these great gift ideas.

Why Gap Inc. Is Considering Closing Stores In The UK, France, Ireland, Italy

gap inc

Gap Inc. reported an 18% year-over-year net sales decline, driven by COVID-19-related store closures in the second quarter of 2020.

Big-box retailer Target

Target Thanks Workforce Amid Pandemic With $200 Bonuses

Target, which already boosted its minimum wage, says thanks to employees during a year of pandemic uncertainty with a $200 bonus.

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Amazon CEO Jeff Bezos with Amit Agarwal, senior vice president and country manager for India

Retail Wars: Amazon Sends Legal Notice To Indian Partner As It Seeks To Meet Challenge From Reliance Retail

Amazon leveraged the stores network of Kishore Biyani's Future Group in India, which now has a deal with the U.S. retailer's emerging rival in the market— Mukesh Ambani's Reliance Retail.

In a world of retail clicks and mortar -- a physical presence still counts, not least for tourists wanting to show off their purchases in the real world

Retail Jobs Booming: Dollar Tree To Hire 25,000; Other Companies Hiring For Holiday Season

Retail giants are planning to hire seasonal workers to meet the growing demand for online orders and delivery amid the coronavirus pandemic.

Shopping Bags on Black Friday

Retail Bankruptcies Could Hit Record Highs In 2020: What Does It Mean For Consumers?

Research indicates that as many as 25,000 stores could close in 2020 in the U.S. alone.

Amazon has announced the date of its delayed global mega sale, Prime Day

Amazon Sets October 13-14 For 'Prime Day' Global Mega-sale

Amazon sets October 13-14 for 'Prime Day' global mega-sale

Black Friday Best

CDC Releases Black Friday Shopping Guidelines: What You Need To Know

Some retailers are offering deals in October to help ease crowds during Black Friday.

Consumers have been spending more of their money, and time, working on their homes and gardens during he coronavirus pandemic

DIY A Bright Spot For Consumer Spending

Many retailers have been caught off-guard by coronavirus restrictions and shifting consumer habits, but DIY stores are enjoying a boom as people spend money on their homes and gardens.

Wall Street plunged in futures trading, with the Dow Jones Industrial Average "mini" index losing more than 1,000 points or 4.5 percent, and the S&P 500 and Nasdaq posting similar declines

Corporate Earnings Beat Analysts’ Lowered Expectations, But Sales Growth Stalled

Many U.S. companies have surpassed earning expectations but primarily because estimates were too low

British supermarket chain Tesco has more than doubled its online capacity since the coronavirus epidemic hit the UK

Tesco Unveils 16,000 Jobs As Online Food Sales Surge

Tesco unveils 16,000 jobs as online food sales surge

Big-box retailer Target

Target, Walmart, Home Depot, Lowe’s Break Earnings Records During The Pandemic

Consumer spending during the coronavirus pandemic helped Target, Walmart, Home Depot, and Lowe's achieve record earnings.

Times Square, New York during coronavirus

Will Retailers Come Back To 'Fashion Hotspot' New York City After The Pandemic?

Merchants are leaving New York City in droves as the coronavirus takes a toll on business. Can the city save the retail industry before it is too late?

'To let' signs are likely to become an even more frequent occurrence on British high streets as the government ends some support for businesses

Britain Enters Recession As GDP Plunged By Record 20.4% In Second Quarter

Analysts fear that job losses will accelerate as government furlough, wage subsidy schemes expire

Shoppers wear face masks on Oxford Street in London after face coverings became mandatory in shops and supermarkets in Britain

UK Economy May Take Four Years To Recover To Pre-Pandemic Levels

EY said UK economic activity may not return to 2019 levels until late 2024

best buy

Best Buy Pay Increase Takes Effect In August As Coronavirus Pushes Sales Up

Best Buy reported a strong second quarter with online and direct-retail sales rising despite the COVID-19 pandemic.

A view of New York City's first-ever women's Nordstrom that spans seven stories taken on November 27, 2019 in New York City

Retail Layoffs And Store Closures 2020: Nordstrom Makes Cuts, Sephora Trims Staff, Ulta Closes Stores

More retailers are making cuts to their workforce and closed stores as the coronavirus takes its toll on their industry.

Aldi

Aldi To Open 70 New Stores Amid Coronavirus Pandemic

Aldi intends to become the third-largest U.S. grocer despite the pandemic and the retail apocalypse.

London and other European cities are pressing ahead with easing lockdowns, lifting hopes for the region's economic recovery

UK Economy Rebounded Less Than Expected In May, Suggesting Longer Recovery Period

The U.K.'s economy rebounded less than expected in May, growing only 1.8% over the prior month, suggesting that the relaxation of the national lockdown did not have a strong impact.

1600px-Masquerade___Coronavirus

Retailer Group Representing Target And Home Depot Urges Governors To Make Face Masks Mandatory

The Retail Industry Leaders Association said "a uniform approach is essential" since conflicts stem from how customers and law enforcers interpret the face mask rules of most stores.

Sears Bankruptcy Approved

More Sears, Kmart Store Closings As Retail Industry Continues To Feel Pain From Coronavirus Economy

Reports have indicated that a handful of Sears stores in California, Illinois, New Jersey, Ohio, and Texas are shuttering and more Kmart locations in California, North Dakota, Minnesota, New Hampshire, and Pennsylvania will also be going dark.

Grocery-store supplier Myles Powell started selling a tweaked version of 8 Myles mac-and-cheese meals to consumers.

From Wholesale To Retail: How Companies are Making The Switch

COVID-19 has caused an increasing number of firms to switch from whole to retail. Here's how real-life companies are making the necessary operational changes.

Americans were shopping again in May, sending retail sales spiking nearly twice above expectations

Coronavirus Economic Rebound? Retail Sales Up Significantly In May, Recovery Is Still A Long Way Off

Retail sales in the U.S. bounced back in a big way in May, but how close is a proper recovery from COVID-19?

Americans were shopping again in May, sending retail sales spiking nearly twice above expectations

US Retail Sales Surge 17.7 Percent In May: Government

US retail sales surge 17.7 percent in May: government

Fear of the new illness is palpable among many small business owners in Margate, whose sandy beaches are a favourite sunny weather retreat for Londoners

Coronavirus Economy: Britain’s GDP Tanked By 20% In April As Lockdown Paralyzed Almost All Sectors

U.K. gross domestic product fell by 10.4% from February to April

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