What to do with China's abundant stock of coal? Chemicals giant Hengli plans to make clothes out of it. The firm has surprised observers by getting into mining with a $20bn project to convert coal into polyester yarn.
Official data on Friday showed that June’s retail sales volumes rose 13.9% month-on-month in June “as non-food and fuel stores continue their recovery from the sharp falls since the start of the pandemic”.
E-tailer Sosandar had a strong first quarter, despite the lockdown, and even edged closer to profitability in June. The company adjusted its strategy and its product mix and won new customers as a result.
Fast Retailing’s Uniqlo will open an expanded Uniqlo Tokyo on June 19 in the key Ginza shopping district. The company has renovated its store in the Marronnier Gate Ginza 2 building as the area is redeveloped.
Online sales reached a historic high during April in the UK, but that couldn't make up for the equally historic plunge in physical retail sales, the latest High Street Sales Tracker (HSST) from BDO showed.