Retailers' longer return policies, launched during the pandemic to lure consumers, could leave them facing higher costs if shoppers bring back a record-setting $112bn in gifts bought during the long holiday season.
Paris Hilton has created an island in the online virtual world, dubbed Paris World. Like other virtual hangouts, Paris World will collect small payments for purchasing virtual clothing and other experiences.
Big retailers are breaking California law and misleading consumers by selling plastic shopping bags bearing language and symbols that falsely suggest the bags can be recycled, a state-appointed commission alleges.
American shoppers flocked to brick-and-mortar stores this holiday season, with especially strong sales in several states where the rate of full vaccinations against the Covid-19 virus is less than 60%.
Harvey Nichols saw its sales plummeting in the year to the end of March with a drop to £121 million from a pre-pandemic £222 million.
Former Vogue editor-in-chief and eponymous magazine founder Grace Mirabella died at her home in Manhattan last week at age 91.
Apple Inc said this week it has closed all of its 12 New York City stores to indoor shopping as cases of the Omicron coronavirus variant surged across the United States.
What used to be one of the busiest physical shopping days of the year has fallen flat in 2021 as fears over the latest coronavirus variant and other issues kept shoppers at home.
Japan's retail sales rose faster than expected in November, thanks to decreasing Covid-19 cases in the month, which have encouraged shoppers to ramp up spending on goods and services.
US retail sales rose 8.5% during this year’s holiday shopping season from November 1 to December 24, powered by soaring e-commerce sales, a report by Mastercard Inc said on Sunday.
The UK’s Marks & Spencer has announced its first £850 million revolving credit facility, directly linked to the delivery of net zero targets.
Three years of democracy protests followed by a pandemic have devastated Hong Kong retailers who had grown used to relying on cash from mainland Chinese tourists.
UK consumers were defying Omicron and going out to shop on Christmas Eve, perhaps justifying the strategy of those retailers that had held their nerve and resisted heavy discounting pre-Christmas.
It’s official — Thailand’s Central and Austria’s Signa are buying Selfridges Group from the Weston family. The transaction “will create one of the world’s leading omnichannel luxury department store groups”.
NewRiver has been busy selling off some of its shopping centre interests. The London-based real estate investment trust has sold Poole Retail Park in Dorset and Templars Square Shopping Centre in Cowley, Oxfordshire.
