Sears said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.
The BFC and the main group representing creative businesses in the UK have both joined the calls for a second Brexit referendum as the debacle around the UK's exit from the EU sees the country on a business cliff edge.
Primark saw higher sales in the 16 weeks to January 5, but its comp sales dipped, so it’s clear that even the strongest retailers are facing challenging times, even though it won market share and protected margins.
The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid higher tariffs on Chinese goods.
India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon and Walmart's Flipkart, could reduce online sales by $46 billion by 2022, according to a draft PwC analysis.