May was a bad month for UK retailers with the latest BRC report showing a year-on-year fall of 2.7%. If you exclude the impact of Easter calendar shifts, that was the biggest drop since records started back in 1995.
Kanye West is launching a fashion incubator to foster new talent in the industry, awarding the first grant to Maisie Schloss, a Chicago-born Parsons graduate and former member of the Yeezy womenswear design team.
The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, setting up what could be an unprecedented wide-ranging probe of some of the world's largest companies.
Debenhams is quietly withdrawing from physical retail in Australia with its only store in the country set to close early in 2020 as it also starts its UK closure programme. It will continue to sell online in Australia.
South African budget retailer Mr Price Group has closed its Australian test stores due to low returns, underscoring the costs of expanding into new foreign markets, where retailers are fighting for market share.
The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world's two largest economies.