While pre-Christmas retail may have been disappointing in the UK, it could get worse with yesterday dubbed ‘Takeback Thursday’ on the back of predictions that a huge number of purchases would be returned on that day.
Hudson’s Bay Co Chairman Richard Baker and his partners have reportedly approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid.
United Parcel Service Inc on Thursday expects to ship 1.9 million gifts and other items back to U.S. retailers as e-commerce fuels an anticipated 26% year-over-year volume surge on “National Returns Day."
U.S. retailers including Walmart Inc will add "Do Not Sell My Info" links to their websites and signage in stores starting Jan. 1, allowing Californians to understand what personal and other data the retailers collect.
Britain’s competition regulator is launching an in-depth investigation into Amazon.com Inc’s purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.