Retail

• [New] Sentiment in China rose, but other data suggests the level of confidence among Chinese consumers might be overstated given less optimistic reports on employment, retail sales and household saving. / Foodservice Equipment & Supplies
• [New] Jobs that have been hardest hit - including service sector positions, retail sales, office support workers - face the greatest risk of transformation due to automation and digitalization. / Financial Post
• [New] Strong retail sales in June could be an indication that China's economy is making progress in rebalancing itself toward a more consumption driven economy. / Economic Westpac
• [New] Retail sales rallied in the first 4 months of the year, and consumption is expected to remain strong as consumer confidence continues to improve. / Asian Development Bank
• [New] Indigenous small and medium companies, whereas benefitting from a broadened retail panorama, will probably be searching for versatile logistics options that create inroads for world warehousing, fast turnaround on deliveries and diminished lag time on order fulfilment. / backhomenews.com
• [New] Indigenous small and medium businesses, while benefitting from a broadened retail landscape, will be seeking flexible logistics solutions that create inroads for global warehousing, quick turnaround on deliveries and reduced lag time on order fulfilment. / Vanguard News
• [New] Ocado's hope is that its British grocery delivery partnership with Marks & Spencer will become a small part of far larger revenues to be generated by licensing its robotic technology to retailers around the world. / The Telegraph
• [New] With the rate of growth expected to slow in the second half of the year, that is consistent with NRF's revised forecast that 2021 retail sales should grow between 10.5 and 13.5% over 2020 to between $4.44 trillion and $4.56 trillion. / National Retail Federation
• [New] UK Retail Sales for June will be under scrutiny, with pent up demand following the unwinding of lockdown restrictions very much in focus. / The Armchair Trader
• [New] The Acorn CCS project plans to capture and store approximately 5-6 million tonnes of carbon dioxide a year by 2030 from gas terminals at the St Fergus complex at Peterhead, which includes Exxon Mobil's joint venture gas terminal. / Hart Energy
• [New] Supported by a retail payment infrastructure that is reliable, efficient, adaptive and open, the e - CNY system will bolster China's digital economy, enhance financial inclusion, and make the monetary and payment systems more efficient. / www.pbc.gov.cn
• [New] With a modern domestic payment system in China, the issuance of e - CNY will fully meet the public's daily payment needs, further improve the efficiency of the retail payment system and reduce the cost of retail payment. / www.pbc.gov.cn
• [New] Improving opportunities for women makes the U.S. better able to compete with China while lifting the U.S. as a standard bearer for women in the workplace. / Just Security
• [New] UK retail sales (June) are due, and are projected to rise by a modest 0.5% in the month, having unexpectedly declined by 1.4% in May, largely due to a change in consumer behaviour, away from goods and towards services. / AIB Treasury Economic Research Unit
• [New] In-store foot traffic is on the rise, while online shopping is projected to grow to 27% of overall retail sales by 2023. / Forrester
• [New] The National Retail Federation expects retail sales to grow as much as 13.5% in 2021 and research firm Zenreach predicts a full return to normalcy, in terms of in-store foot traffic for the US retail industry, by September of 2021. / Forbes
• [New] Overall retail sales revenue for the tech industry in the U.S. will reach a record-breaking $487 billion in 2021, up 7.5% year-over-year, thanks to unprecedented consumer demand for tech related to work, school and lifestyle. / VentureBeat
• [New] We expect some consumer behaviors spurred on by the events of this past year to endure, like an increasing preference for convenience that online shopping and third-party delivery offer. / BizReport
• [New] The U.S. economy and retail sales are growing far faster and more steadily than anyone could have expected just a few months ago. / Transport Topics
• [New] People could abandon face masks and lifted limits on the numbers of people allowed in stores, bars and restaurants. / Forbes
• [New] Other Chinese data on retail sales and industrial production came in stronger than expected, somewhat offsetting the weaker GDP figure. / Fintech News | Fintech Zoom
• [New] China retail sales and industrial production rose beating market forecast while GDP numbers came lesser than expected. / Economic Times
• [New] The Carbontech Entrepreneurial Fellowship Program aims to establish New York as a hub for carbon-to-value technology and is part of a larger state plan to reduce greenhouse gas emissions by 85% by 2050. / ArchDaily

Last updated: 22 July 2021