Higher gasoline prices flatter US retail sales; consumers remain resilient

WASHINGTON, USA – US retail sales increased solidly in March, boosted by record-high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more than a year. The report from the commerce department on Thursday, April 14, which also showed stronger … Read more

How Reliance stunned Amazon in battle for India’s Future Retail

Reliance Industries, India’s biggest conglomerate, presses ahead with a shock de facto takeover of prized retail real estate that Amazon has been keen to take part ownership of MUMBAI, India – At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India’s biggest retailer … Read more

Hong Kong retail chains ration staples to curb COVID-19 panic buying

Supermarket chain ParknShop announces limits of five items per customer on staples such as rice, canned food and toilet paper, while pharmacy Watsons put the same limits on medication for pain, fever and colds HONG KONG – Two of Hong Kong’s largest consumer retail chains started rationing some food and drug items on Friday, March … Read more