UK retail footfall fell by 2.2% YoY in December 2024
The UK retail sector faced a continued downturn in December 2024, with a 2.2% year-on-year (YoY) reduction in footfall -…
All articles by Jangoulun Singsit
Jangoulun Singsit
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Asda slashes prices on essentials in big January 2025 savings initiative
British supermarket chain Asda has unveiled a significant price reduction campaign, the Big Jan Price Drop, slashing the cost of…
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Co-op plans 75 new store openings in 2025 across UK
British co-operative group Co-op plans to open 75 new stores across the UK in 2025. The upcoming outlets will include…
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Mexico’s new import duties may impact Asian online retailers
Mexico's Servicio de Administración Tributaria (SAT) has unveiled updated import duties that aim to enhance the monitoring of imports, particularly…
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CRR data shows 28% rise in retail store closures in UK during 2024
The UK retail sector faced a challenging year in 2024 with approximately 37 shops closing each day, according to provisional…
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Perfect to acquire virtual try-on tech Wannaby from Farfetch
Beauty and fashion technology solutions provider Perfect has agreed to purchase augmented reality and computer vision technologies supplier Wannaby from…
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Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
Chinese e-commerce major Alibaba Group has agreed to divest its interest in the Sun Art Retail Group, a hypermarket operator,…
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Walmart US boosts store digitalisation with VusionGroup
VusionGroup, a retail digitalisation solutions provider, has secured a contract expansion with Walmart to expedite the introduction of its advanced…
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Party City to initiate closure of retail and wholesale operations
North American party supplies retailer Party City has filed for Chapter 11 bankruptcy protection and is set to initiate the…
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IKEA NZ unveils external warehouse for nationwide distribution
Home furnishing retailer IKEA New Zealand has inaugurated its external warehouse at The Landing Business Park in Māngere. The 20,000m² facility,…