French supermarket chain Carrefour could be under pressure to do a deal with the likes of Amazon, after a deal between its French rival and a British online specialist threatened to leave it trailing behind online.
The iconic Australian leather and accessories announced it has entered voluntary administration on Thursday, the latest Australian retailer to file for bankruptcy after a spate of localised brands did the same in 2017.
Amazon is reporting that Cyber Monday this year was the the single biggest shopping day in the company's history, with 30% growth over last year. Small businesses alone sold nearly 140 million items globally that day.
The billionaire co-owner of retailer Fawaz Alhokair Group has been arrested as part of an anti-corruption operation in Saudi Arabia. The group represents brands including Aldo, Mango and New Look in the Middle East.
Jeweler Tiffany & Co’s sales and profit beat market estimates, helped by strong demand for its fashion and high-end solitaire jewelry in its first full quarter under new Chief Executive Alessandro Bogliolo.
Poland’s LPP has scored a hit with the UK debut of its Reserved chain in London it said as it unveiled strong Q3 numbers. It has returned to profit and plans further expansion, with its Sinsay brand also growing fast.
Metta World Peace, aka LA Laker Ron Artest, has joined Long Beach, CA-based Butter Cloth as an equity partner. The direct-to-consumer men's shirting brand is looking to his celebrity status to expand market share.