Wholesale Industry & Market News
92 news articles published
Spending at Macy’s and other retail stores slows
Plans to cut full-year forecast and increase promotions underway to get rid of excess spring stock at some major department stores.
Volvo ends wholesale model in favor of Tesla-style sales approach
Volvo revealed that it will put an end to its UK wholesale operations and starting in June will fully adopt a direct market business system.
Apple and Broadcom agree multibillion-dollar supply deal
Apple has announced a multiyear, multibillion-dollar deal to extend its agreement with chip-supplying company Broadcom.
America has more pork than needed
U.S. pork industry is now experiencing an oversupply thanks to factors such as rising costs, new regulations, and a decline in demand.
Many retailers are reducing their return policies
Ever since the invention of retail stores, items being returned has been the biggest strain on profits for retail owners.
Cartier not Tiffany the No. 1 brand of choice in China
In the past three months, sales of European luxury brands of jewellery products in China have risen by over 25%.
Demand for everyday goods still strong despite inflation
According to household goods manufacturers, sales figures are as good as ever despite double-digit price increases in some cases.
Sales growth looking good for auto-parts
American companies selling car replacement parts are enjoying substantial sales growth despite rising interest rates and high prices.
First ever Apple store opens in India
On April 18, 2023, Apple officially opened its first retail store in India. Apple’s CEO Tim Cook in person was there at the launch.
IKEA will open 17 new stores in the U.S.
With its largest investment ever, IKEA has just announced big plans for its expansion into the U.S., with 17 new American stores coming soon.
Luxury brands exceed sales expectations despite economic downturn
The demand for luxury brands is as hot as ever despite continued inflation, recession, war, and banking upheavals, occurring worldwide.
PC sales not looking good so far this year
Employees working hybrid and those returning to the office full-time may have to wait for an upgrade to their old work laptop or computer.
Tesco milk prices drop first time in over 2 years
Starting from Wednesday, the price of a four-pint bottle of Tesco brand milk will be reduced, first time since May 2020.
Buy now, pay later plan launched by Apple
American multinational tech giant Apple Inc. has officially launched its buy now, pay later plan in the United States.
Big shake-up sees Alibaba divide into six different groups
Toblerone to remove iconic mountain logo from its packaging? Here’s why
Toblerone chocolate is set to let go of some of its Swiss roots as large quantities of the bar will be produced outside of Switzerland.
Is London no longer a top luxury shopping destination?
Tourists from America and Asia can now get a new Louis Vuitton bag for a much better deal in Paris or Milan than they can in London.
Is footwear wholesaling making a trendy comeback?
Cutting out wholesalers comes with a set of drawbacks, and it seems that companies are starting to realize and make changes accordingly.
Significant retail discounts on iPhones in China
Third-party sellers are knocking off as much as 10% on Apple’s iPhone 14 Pro in China at the moment, top cope with downturns in the demand.
Estée Lauder pushes for new beauty lines
Kering, the owner of the luxury brands Gucci, Alexander McQueen, and others, reached out to Estée Lauder to head up a new beauty division.
Bestway Wholesale further increases its stake in Sainsbury’s
Bestway Wholesale Ltd. has officially increased its ownership stakes in the UK’s second-largest supermarket chain Sainsbury’s.
Louis Vuitton still reading the Chinese market
After Covid-19 lockdown, China now plays a larger role than ever in the success or failure of luxury brands such as Louis Vuitton.
Superdry profits cut as wholesale slump continues
Superdry clothes manufacturer's wholesale business revenue has dipped by almost 60% in the past two months.
