As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening.
SoftBank’s Vision Fund is investing an additional $2 billion in South Korea’s top e-commerce firm Coupang, the retailer said on Tuesday, as the loss-making startup seeks to cement its market dominance.
Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher holiday discounts.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
UK retail may be under a dark cloud at the moment, but new retail developments have come thick and fast this year and the latest is the opening of Coal Drops Yard at King's Cross with a quirky mix of stores.