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All Stories: Retail

12,500 jobs at risk as retailer collapses

British homeware and household goods discount retailer Wilko said it had fallen into administration on Thursday, putting its 400 stores and 12,500 jobs in...

Russia’s own clothing brands fill gap left by Western rivals

Russian designers and brands are helping the retail sector gradually recover from a turbulent 15 months of store closures and slumping demand, with new...

Shell considers exiting energy retail businesses

Shell is considering exiting its home energy retail businesses in Britain, the Netherlands and Germany in the wake of "tough market conditions", it said...

COVID-19 testing kits: Wholesale price vs retail market rates in Pakistan

KARACHI: ARY News unearthed the profiteering in COVID-19 testing kits of different companies across the country as a big difference was found in their...

Sugar price increase hits Pakistani people as hard as Rs10/kg

KARACHI, LAHORE, PESHAWAR, QUETTA: People across Pakistan have been struck with bad news of up to Rs10 increase, in the past two days alone,...

British retail faces “tsunami of closures” without rent help

Citing survey data it said two thirds of British retailers have been told by landlords they will be subject to legal measures to recover unpaid rent from July 1 when the moratorium ends

UAE retail sales forecast to hit $58 billion in 2021: analysis

Retail sales in the UAE are expected to rebound and grow by 13% to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the yea

Sugar prices witness decline amid fed govt measures

The sugar prices have gone down by Rs 4 per kilogram in the wholesale market and Rs 8 per kilogram in the retail market today.

Consumers cut back on spending again, adding to economic gloom

Official data on Friday showed sales volumes fell by 0.6% from November, defying the median forecast for a rise of 0.5% in a Reuters poll of economists

His Master’s Voice faces the music

Music retailer HMV said it was calling in the administrators, blaming a worsening market for CDs and DVDs

Microsoft takes aim at Amazon with push for checkout-free retail

SAN FRANCISCO: Microsoft is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com automated grocery...

Toys ‘R’ Us seeks bankruptcy to survive retail upheaval

Toys ‘R’ Us, the largest US toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to...

Retail US gasoline prices surge as refineries warn of shortages after Harvey

NEW YORK: Retail US gasoline prices rose 2.8 percent from Friday to Saturday as refineries warned customers about fuel-supply shortages caused by Hurricane Harvey. They...

Dubai ranked fourth in list of world’s hottest shopping destinations

DUBAI: Dubai named fourth in the list of Top 10 Most Attractive Markets for 2016 and hosts 35 per cent of the world’s luxury retailers, a report said.

China to go after online retail sales in fight against fakes

SHANGHAI: China plans to crack down on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting.

Oil prices slip again after WTI sinks below $60

SINGAPORE: Oil prices sank further in Asia Friday, with analysts warning of little respite from the selling after plunging more than 40 percent since June. 
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