Retail news

• Japan’s Shiseido touches up its M&A strategy

  19-08-2018 23:00
  Asia’s biggest cosmetics group shifts focus to AI and personalised beauty
  
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• In China, Valentine’s Day is all about designer handbags, not true love | Lucy Siegle

  19-08-2018 07:00
  The Qixi festival stems from a simple romantic tale, but luxury brands have made it their ownNews from China: the western celebration of romantic union, Valentine’s Day, has been dumped. It’s not you, it’s me or, rather, it’s a scheduling issue. Falling during Chinese new year, Chinese millennials and Generation Z-ers struggled to make time for it. Perhaps more critically, it wasn’t working for global luxury conglomerates.Instead, taking advice from McKinsey, that w
  
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• Poundworld’s demise is curiously heartbreaking news | Eva Wiseman

  19-08-2018 06:59
  A few years ago pound shops were massive. Then people fell out of love with them. And now we’ve all changed so much that the model just doesn’t work any morePoor Poundworld, the last of its 335 shops closing this week with a screw-you shrug at all it’s ever stood for: selling much of its stock at the quite bewildering price of 70p. For me, the feeling of walking into a pound shop has always been one of rare and profound freedom. The knowledge that I can afford anything, the toy
  
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• Poundworld’s demise is curiously heartbreaking news

  19-08-2018 06:59
  A few years ago pound shops were massive. Then people fell out of love with them. And now we’ve all changed so much that the model just doesn’t work any morePoor Poundworld, the last of its 335 shops closing this week with a screw-you shrug at all it’s ever stood for: selling much of its stock at the quite bewildering price of 70p. For me, the feeling of walking into a pound shop has always been one of rare and profound freedom. The knowledge that I can afford anything, the toy
  
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• Coles stores reopen after nationwide checkout glitch caused chaos

  19-08-2018 02:37
  Supermarket chain closed multiple stores around Australia after cash registers struck by technical issuesColes says it has now reopened all its supermarkets across the country, after dozens of stores were shuttered for several hours on Sunday morning due to a technical issue with the cash registers.Notices posted outside stores in Victoria, New South Wales and Queensland advised customers the stores were closed until further notice due to “circumstances beyond our control”.Coles stor
  
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