Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor.
Zalando, Europe's biggest online fashion retailer, saw a sharp slowing in the growth of unique visitors to its website in December, data showed on Wednesday, with growth weakening for the third month in a row.
Black Friday promotions look set to become a permanent - and bigger - fixture of Britain's retail calendar after store groups embraced the American tradition for the first time, with its impact taking even seasoned retailers by surprise.
Spanish fashion label Desigual is accelerating its expansion in Europe and emerging markets, seeking to ride predictions of fast growth in women's apparel while also taking the colourful brand into new areas like perfume and shoes.
Associated British Foods said sales at its Primark discount fashion chain recovered over Christmas after they were dampened by unseasonably warm autumn weather, although it said performance of its sugar unit was weaker than expected.
Swedish budget fashion retailer Hennes & Mauritz said on Wednesday its total sales rose 10 percent in December, right in line with market expectations. The company did not provide a figure for comparable sales, for stores open at least a year.
Democratic lawmakers on Monday called for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of No. 3 U.S. retailer Target Corp during the holiday shopping season.
Jaeger has reported a 20% increase in sales for its quarter ended December 28th, compared to the same period last year with performance was underpinned by 57% jump in online sales following a recent overhaul of the brand’s online store.