Accel Partners is leading a $20 million round of funding for Russian online shopping club kupiVIP.ru, which the company says is the largest investment to date in a Russian e-commerce vendor.
Guns, guards and soldiers are everywhere. But so are markets and shoppers, who risk their lives crossing chaotic roads crammed with everything from trotting donkey carts to smart four-wheel drives and menacing military vehicles.
The chances are dwindling of German retailer Metro buying parts of insolvent rival Arcandor's department store business Karstadt, chief executive Eckhard Cordes said in a magazine report.
Shiseido Co Ltd, Japan's largest cosmetics company, has agreed to buy U.S.-based Bare Escentuals for $1.7 billion, as it looks to speed up its expansion and break into a new part of the North American market.
Carter's Inc reported a 53 percent jump in third-quarter profit that beat market estimates, and said it is well set to grow sales and earnings in 2010.
John Lewis showed the impact of heavy snow and sub-zero temperatures on British retailers, reporting a 1.4 percent drop in department store sales for the week to Jan. 9.
Technological advances have led to a sharp fall in the weight of women's handbags, research from British department store chain Debenhams has revealed.
Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, raising concerns about the durability of the economy's recovery.
Taiwanese police said they were working with their counterparts in Japan to trace a man they believe has stolen valuable diamond rings in both countries.
Canada's West 49 Inc, a trendy sporting goods retailer, said that sales for the key holiday season slipped almost 2 percent as brisk December activity was not enough to offset November's unseasonably warm weather.
Venture capitalists were never very interested in the retail sector, but they are now taking a second look, focusing on a new generation of online retailers and the next wave of technology to help stores optimize how they run their businesses.
British fashion retailer Alexon Group Plc said it expected results for the year ended Jan. 30 to be slightly below market expectations, hurt by adverse weather conditions and lower gross margin.
Gold prices will likely hit new historic peaks this year, thanks to a wave of investment money that will pour into the market, consultancy GFMS predicted.
Hopes for a flurry of flotations from Britain's retailers may prove misplaced after investors' lukewarm response to strong Christmas sales and amid growing fears life will get tougher again for consumers in 2010.
A surge in Christmas sales at British discount fashion retailer Matalan could reinvigorate a sale process that has run slowly since private equity houses first expressed an interest in the chain in October.