Sea, a Southeast Asian startup backed by Tencent, has filed for a U.S. IPO of up to $1 billion. Similar to Tencent, it has built a platform spanning retail and payments around a profitable gaming business.
A study on shopping behaviors has revealed that millennials prefer to shop for the best prices in store while baby boomers are the ones shopping online, potentially shedding light on what triggered the retail apocalypse.
Incandela will lead the fashion units of Walmart.com, Jet.com and Shoes.com, beginning on October 2. The announcement of the hire comes one week after Aerosoles filed for Chapter 11 bankruptcy protection.
Steinhoff said it had presented its arguments to a Dutch court and was certain a petition made by a former joint venture partner, seeking a probe into the South African group’s accounts, would be dismissed.
Carrefour’s new boss Alexandre Bompard on Friday named his leadership team, putting the man credited with reviving the retailer’s Spanish operations in charge of turning around its business in France, its biggest market.
Primark will open at Bluewater in two years' time with the news showing that Europe's largest mall isn't only focusing on high-end tenants. But there are fears that nearby town cnetre Primark branches could close.
Sweden's H&M and Britain's Topshop/Topman are ultra-successful at driving engagement through image posts on social media, a new report shows. Meanwhile Forever 21 also does well but Zara and Mango struggle.