THE WHAT? China saw retail sales grow 8.5 percent in July versus the same period in 2020, according to a report published by CNBC, well below the 11.5 percent growth forecast. THE DETAILS Online sales inched up a modest 4.4 percent yoy, considerably under the average 21 percent growth experienced in the past 5 years,…
THE WHAT? Amazon has been named the world’s largest retailer outside of China, a title previously held by Walmart, according to a report published by The New York Times. THE DETAILS Amazon’s sales are estimated to have hit US$610 billion in the 12 months to June, 2021, versus Walmart’s US$566 billion, per The New York…
THE WHAT? MyGlamm has announced the acquisition of India’s top parenting platform, BabyChakra. Together, the duo plan to build the country’s largest Mom-Baby Content to Commerce platform. THE DETAILS The pair will invest some Rs 100 crore over the next three years and Naiyya Saggi, Founder & CEO of Baby Chakra will join MyGlamm as…
THE WHAT? Procter & Gamble has signed up as a supplier of the Netherlands’ top soccer league, the Eredivisie, according to a report published by Sports Business. The deal spans two seasons and will be headed up by the US FMCG manufacturer’s Gillette brand. THE DETAILS The shaving brand will run a dedicated campaign this…
THE WHAT? Cannabis company, The Parent Company has hired ex-Clorox Troy Datcher as its CEO, effective September 8, 2021. THE DETAILS Datcher’s appointment is historic, the company said, because he will be the first Black CEO to lead a major public US cannabis organization. He joins from Clorox where he served as SVP and Chief…
THE WHAT? Celebrity Cruises and Goop have furthered their partnership with a program of wellbeing classes to be held on board a series of four Caribbean sailings this fall. THE DETAILS Starting October, Goop practitioners and experts, including Dana Childs, Colette Dong and Deganit Nuur, will lead exclusive programming, including mindfulness sessions and workouts. “Physical,…
