The European Union’s plans to increase taxes on digital firms risks undermining the bloc’s growth and stifle global efforts to find common solutions, U.S. companies operating in the EU said on Tuesday.
John Lewis had yet another good week in the seven days to Saturday as the autumn season really got under way with total sales up 6.5% to £87.3 million.This was once again driven by the success of its fashion operations.
Rarely a day goes by at the moment without reports of a new Primark store and the latest is at Centre:mk in Milton Keynes. The mall has inked a deal for Primark to take the centre’s biggest space of the last 25 years.
Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by investing 5.3 billion yuan (594.40 million pounds).
MySale reported rising sales and underlying profits rising even faster for the latest year as new brands and tech kicked in. It made a net loss, but said it's upbeat for the year ahead and its UK business is surging.
Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.
91% of shoppers plan to shop at physical stores, 92% of which are millennials. The ICSC expects consumers to begin shopping before Thanksgiving, and over a quarter of consumers began shopping in August.
Fashion Forward Dubai (FFWD) is adding a high-powered panel discussion to its showroom in Paris. To discuss: The Globalization of Fashion: Value Creation Through Business Exchange Between Dubai and Paris.