Value, quality, and convenience are the top three purchasing considerations for 2022, especially in the face of rising prices, a KPMG consumer confidence survey shows. Sustainability will also be key when buying goods.
The new owners of Selfridges have major property development plans for the site in Oxford Street, London, with a luxury hotel and flats to be created. They will also continue to upgrade the main department store.
David Beckham is reportedly selling a 55% stake in his management business to acquisition-hungry Authentic Brands Group (ABG) for as much as £200 million. The reports haven't been confirmed by either party.
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%.