Fuel prices are rising across India, increasing concerns over inflation and household expenses. The latest hike in petrol and diesel costs is expected to impact transportation, logistics, food prices, and overall consumer spending. Economists warn that sustained fuel price increases could add pressure on inflation trends and affect businesses as well as everyday commuters nationwide. The development comes amid volatility in global energy markets and crude oil prices.

West Asia War Causes Inflation Risks: India Hikes Retail Fuel Prices 

China has opened its first-ever humanoid robot mall, showcasing a futuristic shopping experience where robots assist customers, provide entertainment, and handle retail services. The mall represents China’s growing push in robotics, AI, and smart technology, offering a glimpse into the future of commerce and human-robot interaction.

China Opens Doors to Its First Humanoid Robot Mall

The US Holiday shopping season kicked off with record online sales. Americans spent 44.2 billion dollars during cyber week, from thanksgiving through the following Monday, according to adobe analytics.

Economists See Mixed Signals in US Retail Trends

The sluggish retail performance in May reflects broader concerns surrounding tariffs and the economic uncertainty they bring.

US retail sales decline in May; is an economic slowdown in sight?

India is on track to become the world's consumption capital, with private consumption currently contributing 56 percent of GDP. A report by angel one and Iconic Asset Projects that India's total consumption will double by 2034, driven by rising incomes, evolving consumer preferences, and demographic shifts. Watch in for more details!

India on track to become the world's consumption capital

India's retail inflation surged to a 14-month high of 6.21% in October 2024, up from 5.49% in September. This sharp rise in inflation is largely driven by food prices, which saw a steep jump. The latest data comes as a stark reminder of the financial pressure many are facing, especially amidst growing concerns over rising costs and a sluggish economy. Watch in for more details!

India's Inflation Eases In November

India's young consumers are driving a new wave of aspiration, blending style and ambition like never before. In this video, we dive into how India's youth are shaping trends, redefining success, and embracing a bold new future. Explore the power of Young India and the influence it has on fashion, lifestyle, and the global market.

India Consumers Embrace Aspiration In Style: Decoding The Power Of Young India

German sportswear giant Adidas revealed its first annual loss in more than three decades, citing challenges in the North American market and ongoing supply chain disruptions.

Adidas reports first annual loss in over 30 years amid North American sales warning

Daraz Group, the e-commerce platform owned by Alibaba, has announced layoffs across its operations in Pakistan, Bangladesh, Nepal, Sri Lanka, and Myanmar, citing the need to adopt a "more streamlined and agile structure.

Alibaba-owned Daraz announces layoffs amid restructuring

Macy's, the iconic department store chain, is considering the closure of its flagship location in San Francisco's Union Square as part of its new turnaround strategy, a source familiar with the matter revealed to Reuters.

Macy's mulls closure of San Francisco Flagship in turnaround bid

Barclays has struck a deal to acquire Tesco's retail banking operations for £600 million ($757 million), a move set to reshape the landscape of the banking sector.

Tesco sells retail banking operations to Barclays in $757 million deal

Macy's, the US department store chain, has revealed plans to cut 2,350 jobs and shut five stores, constituting 3.5 per cent of its total workforce. The company, which operated 722 stores as of January 2023, employs around 94,570 full- and part-time staff, excluding seasonal hires.

Macy's Initiates Streamlining Effort: 2,350 Job cuts & 5 store closures disclosed

Spanish clothing retailer Mango has reported remarkable double-digit growth in sales during the recent Black Friday and Cyber Monday shopping events. According to Reuters, the company's global retail director, Cesar de Vicente, shared that Mango experienced record-breaking sales both online and in stores, attributing the success to discounts of up to 50 per cent off.

Spanish retailer Mango celebrates record sales with double-digit growth during Black Friday & Cyber Monday

Retailers are gearing up for a potentially record-breaking Global shopping frenzy on this year's Black Friday falling on November 24th. That's the fourth Friday of November, discover how shopping is evolving globally online surges changing habits and also the forecasted boom.

Decoding the top Black Friday sales trends of 2023

In Brazil, retail shops are fighting to stay open long enough to profit from interest rate cuts. Retail businesses & clients are carrying heavy debt loads, while online stores like Amazon are posing an existential threat. There are already signs of trouble in the market. One of Brazil's most successful retail companies, Casas Bahia, was forced to sell shares at a deep discount last month to reduce debt. After falling short on payments to various creditors, furniture retailer tok&stok has restructured debt of roughly 73.4 million dollars. To survive in this volatile market, retailers are cutting back on consumer loans.

Brazil: Debt burden on retailers

India climbed up to the 11th place in the global direct selling ranking as it clocked sales of $3.23 billion (around Rs 26,852 crore) in 2022, said a report by global industry body the World Federation of Direct Selling Association (WFDSA).

India jumps to 11th position in global direct selling ranking

H&M shares hit a 16-month high on Thursday after its second-quarter profit beat estimates with its summer collection doing well as warmer weather arrives in Europe.

H&M shares jump 10% as summer collection boosts profit

A small number of employees from one of Apple's retail teams are allegedly being let go. The manufacturer of mobile laptops is renowned for its exceptional track record in avoiding job cards. Many are surprised by the most recent layoff news because the tech behemoth has delayed sending out job cards.

Apple CUTS small number of retail team JOBS

The patch of irregular vertical lines that revolutionised checking out at the supermarket and facilitated the globalisation of retail is turning 50. But as the barcode celebrates its birthday on Monday, its days might be numbered as it faces competition from the younger QR code, the information-filled squares used in smartphones.

Barcode turns 50 but its days might be numbered

In its economic outlook for 2023, U.S. retailer Walmart has struck a cautious note - this is the retail's forecast full year earnings below estimate and warned that the tight spending by consumers could pressure profit margins.

Walmart sees lower 2023 performance, strikes a cautious note about future

Retail group Argos has said that as of the end of June this year, it would cease all business activities and close all its stores in the Republic of Ireland. Argos will start the process of progressively winding down its Irish operations.

Why is retail group Argos closing all its stores in Ireland?

In just 2 years, India may be home to second biggest user base for online shopping and is well poised to surpass the United States. The pandemic caused a boom in online retail in India. And now, it has the third-largest shopper base globally. Watch this explainer to understand the boom in India's retail market.

Explained | India's growing e-retail market and online shopping user base

A breakthrough study conducted to assess the feasibility of a four-day working week in the UK has found overwhelming support from the participating companies. Reportedly, nine in 10 companies stated that they were willing to extend the four-day work week policy beyond the initial six-month test period.

Four-day working week receives thumbs-up from 86% of trial companies: Study

In Britain, shoppers have cut back their spending for third month in a row while the British retail consortium says sales volume declined the most since Covid pandemic hit them it says people are now opting for cheaper alternatives while cutting back on purchases of big appliances like dishwashers and refrigerators.

Retail sales slump across UK, shoppers cut back on spending

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