JD.com Inc, China's second-largest e-commerce firm, posted a wider net loss in the second quarter as marketing costs offset higher-than-forecast revenue growth, sending its shares sharply lower on Monday.
J.C. Penney Co Inc's stock hit a life-low as major store closures and a challenging retail scene drove the embattled department store chain to a bigger-than-expected quarterly loss and took a toll on comparable sales.
London's luxury shopping appeal was underlined Monday on news that a private jet firm has seen surging demand for London flights as even wealthy shoppers take advantage of post-Brexit vote luxury bargains.
Tourist spending in the UK reached £643m last month with a £2.4bn bonanza expected for the summer overall as tourists flock to fashion and luxury stores across the country, according to payments firm Worldpay.
The owners of shopping tax-refund firm Global Blue have held talks with investment banks over the past two days to choose advisers for a possible share sale next year, sources familiar with the matter told Reuters.