Press Releases

Press Coverage

  • Enterprise Innovation

    In the Fung Global Retail & Technology report titled “Alibaba Group: From Strength to Strength-An Overview of the Business Units of the World’s Largest E-Commerce Company” the company is noted as becoming better known outside Asia as an innovative force in e-commerce, but many still don’t understand the full breadth of its influence and plans for the future. Continue Reading

  • Retail Dive

    More than 80% of consumers plan to shop at mass retailers during back-to-school, an increase of 24% over the past year, according to Deloitte survey data cited by a Fung Global Retail & Technology report. Target’s "very strong" back-to-school showing last year contributed to earnings growth of around 22% in last year’s third quarter and helped push digital sales growth to 20% for the year at that point, company executives said on an analyst call in 2016. Continue Reading

  • Entrepreneur

    A recent report from retail think tank Fung Global Retail & Technology estimates that the widespread closures -- nearly 400 stores between those four chains alone -- will leave approximately $2.5 billion in sales up for grabs, $1.6 billion of which will be in apparel alone. Continue Reading

  • National Real Estate Investor

    Fung Global Retail & Technology Weekly Tracker found in its June 23 report that about 5,321 retail closings were announced up to that point for 2017. The figure represents a 218 percent increase from the previous year. The rate of shutterings had picked up substantially from just six weeks earlier, when store closings were at 3,396, up 97 percent from the year before. Continue Reading

  • Bloomberg

    Aldi expansion to be completed by the end of 2018. Walmart's count includes new, expanded and relocated stores. Source: Fung Global Retail and Technology Continue Reading