A Month in Retail 2018-05
This month’s global retail news
| The Guardian
Shares in Snapchat owner plummet as redesign hits results Shares in Snapchat’s parent company have hit a record low after its results revealed the cost of a backlash against a redesign of the social messaging app. Snap’s share price fell 22% to $10.96 (£8.05) in early trading as investors reacted to ongoing concerns over its struggle to compete with Facebook and its subsidiary Instagram. |
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| Retail Week
Companies like Coca Cola and Nestle commit to cutting plastic pollution Some of the world’s biggest and most popular brands of food, drink and cleaning products have signed up to an ambitious pact to reduce plastic pollution. Included in the targets is making 100% of plastic packaging reusable, recyclable or compostable by 2025. |
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| Retail Week
How-to guide: Launching online in Italy in 2018 Italy’s GDP grew a better-than-expected 1.7% in 2017 and there is money to be made in the country’s ecommerce market. |
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| The Guardian
Pursuing halal beauty in Korea Around the world, global beauty brands are tapping into the halal market, noting the growth of Muslim middle class. Despite the global market’s fervent interest in halal beauty, the Korean beauty market has hesitated from getting on the bandwagon. |
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