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Many buyers are interested in the second-hand market in an effort to take part in environmental protection events. Against this background, the demand for used things in the world is growing, according to the Ukrainian Retail Association. Experts expect that the turnover of the second-hand market in the next 5 years will increase 2 times and will exceed 51 billion dollars. The Swedish retail network H&M, the largest in Europe, implementing the strategy of a completely waste-free model for the production and sale of goods, became interested in the development of the second-hand segment. The company intends to soon launch the first online store of used clothing in a pilot mode on the site of its brand & Other Stories. This initiative will then be extended to its other stores and brands. The company is also working on launching a program that allows customers to see the factory in which this or that thing was manufactured and learn about its manufacturing technology.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
KYC Policy