China’s jewellery retail business maintained its positive momentum from January to May, recording an 8.2 percent year-on-year growth, the National Bureau of Statistics of China revealed. Government data showed that retail sales of gold, silver and jewellery climbed to RMB 128 billion (US$18.79 billion) for the first five months of the year while in May Read More →

According to Stephanie Chan at The Hollywood Reporter, Ikea is going to be launching its own scents: Affordable-furniture giant Ikea is partnering with fellow Swede Byredo, the fragrance house founded by ex-professional basketball player Ben Gorham in Stockholm in 2006, whose scents are sold at Barneys New York and other upscale retailers. The fragrance collaboration is intended Read More →

Wal-Mart Stores, the 800-pound gorilla of retail, is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce. The company, founded in 1962 by Sam Walton, has been gobbling up smaller and niche players in e-commerce in an effort to reach online shopping market leader Read More →