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Falabella renamed CMR Puntos as Fpuntos on 14 September, with 12 million clients in Chile and faster earning for card holders. Cencosud also changed its points. The post Falabella Rewards Plan Has 12M Chile Clients appeared first on The Rio Times.
Mexico City employers forecast Day of the Dead will add 12.4 billion pesos (about US$664 million) and support 68,100 businesses before the 31 October parade. The post Mexico City Day of the Dead Seen at US$664M appeared first on The Rio Times.
Mickey Drexler, Chair of Alex Mill and Former CEO and chair of J. Crew, tells Bloomberg that apparel retailers need to do more to give consumers a reason to buy. He says product, discounting and especially newness matter, while arguing that fashion has put too little emphasis on creativity and reinvention. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Affirm is teaming up with Walmart’s Sam’s Club as the retailer’s exclusive buy-now, pay-later partner, just weeks before the key holiday shopping season kicks off. Affirm will serve as Sam’s Club’s exclusive BNPL provider in a multi-year agreement, starting in that role on Sam’s Club’s website in the coming weeks and rolling out to stores in 2027, according to a statement Thursday that didn’t disclose terms of the deal. Max Levchin, Founder & CEO of Affirm, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Consumers are willing to stretch their budgets with easy EMI options encouraging them to spend more, despite an increase in prices of many products, say retailers
A Brazil retailer settlement signed on 15 October gives each of 4,300 fired Casas Bahia workers about US$1,480, plus unpaid wages and severance. The post Brazil Retailer Settlement Pays Fired Staff appeared first on The Rio Times.
American athleisure brand Alo Yoga generated nearly HK$20 million (US$2.6 million) in sales during its first week in Hong Kong, breaking an opening-week record at a luxury waterfront shopping centre and highlighting growing appetite for premium wellness products amid an uneven retail recovery. The brand, which soft opened its first Greater China flagship at K11 Musea in Tsim Sha Tsui on September 25, recorded the highest first-week sales among new stores at the mall, excluding jewellery and...
O volume de vendas no comércio varejista registrou variação de 0,1% em agosto deste ano frente a julho, na série com ajuste sazonal, após queda de 0,8% no mês anterior. Com esse resultado, a média móvel trimestral para o varejo, depois de recuar 0,1% no trimestre encerrado em julho, volta a apresentar -0,1% de variação no trimestre encerrado em agosto. Os dados estão na Pesquisa Mensal do Comércio, do Instituto Brasileiro de Geografia e Estatística (IBGE), divulgados nesta quinta-feira (15). Notícias relacionadas:Comércio eletrônico em compras federais é regulamentado.Vendas no comércio caem 0,8% em julho, com “ressaca” da Copa do Mundo.No ano, o varejo acumula alta de 1,7% e, nos últimos 12 meses, de 1,6%. Segundo o IBGE, no comércio varejista ampliado, que inclui as atividades de Veículos, motos, partes e peças; Material de construção e Atacado especializado em produtos alimentícios, bebidas e fumo, o volume de vendas em agosto variou -0,2% frente ao mês imediatamente anterior, após alta de 0,5% em julho de 2026. Com isso, a média móvel trimestral para o varejo ampliado volta a recuar 0,3% no trimestre terminado em agosto, mesmo valor da variação de junho. O volume de vendas do comércio varejista, na passagem de julho para agosto, na série com ajuste sazonal, em termos setoriais, registrou seis taxas positivas e duas negativas. No lado positivo, foram as atividades de Equipamentos e material para escritório, informática e comunicação (6,3%), Outros artigos de uso pessoal e doméstico (1,4%), Combustíveis e lubrificantes (1,1%), Artigos farmacêuticos, médicos, ortopédicos e de perfumaria (0,7%), Tecidos, vestuário e calçados (0,6%) e Livros, jornais, revistas e papelaria (0,2%). No lado negativo, figuraram Móveis e eletrodomésticos (-4,2%) e Hiper, supermercados, produtos alimentícios, bebidas e fumo (-0,3%).
Amid Hong Kong’s commercial property downturn, British conglomerate Jardine Matheson has sold a street shop in Causeway Bay for HK$80 million (US$10.2 million) after holding it for more than 50 years, accepting a price HK$10 million below its earlier valuation. The property, a ground-floor shop in H&S Building at 36 Leighton Road, with a gross floor area of about 11,727 square feet, was acquired by Uni Investment Development, according to Land Registry records. Jardine Matheson appointed an...
Tokyo, Oct. 13 (Jiji Press)--Japanese retail giant Aeon Co. said Tuesday that its consolidated net profit in the March-August first half of its current business year increased 3.3-fold from a year earlier to 13.3 billion yen. The surge reflected the strong performance of drugstore operator Tsuruha Holdings Inc., which became an Aeon subsidiary in January, and a decrease in special losses. ...
China’s passenger vehicle retail sales fell 24% in September from a year earlier to 1.702 million units, while new-energy vehicle sales declined 12% to 1.141 million units, according to data released by the China Passenger Car Association.
A marooned three-metre-long (nine feet) shark in South Korea has drawn more than a million visitors to the coastal city of Busan, boosting local retail sales and triggering a trademark war, as authorities rush to stop opportunistic vendors from cashing in on the viral phenomenon. The shark, nicknamed “Bukangi” in reference to the park where it has become trapped, has become an internet darling and tourist sensation after non-stop local media coverage about multiple failed efforts to encourage it...
Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,...
Hong Kong’s first Chinese-owned department store, Sincere, will close its historic branch in the city’s central business district in December after 126 years of retail history. The company revealed, however, that it would seek a new location in Central or Sheung Wan. Sincere announced on Sunday that the flagship store would shut in early December after lease renewal talks with the landlord broke down ahead of the tenancy expiring on December 31. “As a result, the Central store will cease...
Adrian Cheng Chi-kong, former heir apparent to Hong Kong’s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family’s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng’s K11 by AC Group along with state-owned Xiamen Rail Transit Group in the city in the southeastern province of Fujian, has attracted more than 2 million visits since its opening on September 22, with sales rising 32 per...
Hong Kong’s retail sales rose by 5.6 per cent year on year in August, with the latest figures showing consumer spending picking up after growth eased for two consecutive months. Retail sales value reached HK$32 billion (US$4.1 billion), according to provisional figures released by the Census and Statistics Department on Friday. Sales in the first eight months of the year rose by 8.5 per cent compared with the same period in 2025. “Growth was seen across many types of retail outlets, while online...
Three of South Africa’s biggest retailers are turning to new leadership to revive growth or accelerate turnaround plans as competition intensifies in one of the continent’s most developed consumer markets.