Skechers Launches Joint Venture in Israel

| MCM Staff

Skechers USA Inc., announced it has signed a joint venture partnership in Isreal with local regional distributor MGS Sport Trading Ltd. Here is what it will mean for Skechers as it expands it global footprint.

Yihaodian

Walmart Creates New China Strategy, Sells Yihaodian to JD.com

| Daniela Forte

Walmart has entered a joint venture with JD.com that will create a shift in Walmart’s ecommerce strategy in China. The U.S. retail giant has sold its Yihaodian ecommerce marketplace to Chinese marketplace operator JD.com, and plans to retain the Yihaodian direct business and set up a retail presence on JD.com. Here’s what the deal means to both retailers.