Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond.
One of Walmart's best chances at taking on Amazon are 6 giant server farms, which cost millions of dollars and took nearly 5 years to build. The retailer's recent results show the effort is finally starting to pay off.
The shock arrest of the head of South Korea's Lotte for bribery sent shares in group firms plunging on Wednesday as investors fretted about a leadership vacuum at the country's fifth-largest conglomerate.
Much has been made of millennials’ dedication to sustainable brands but, according to a new study from LIM College, a fashion product’s eco-friendliness may be far from their first consideration when making purchases.
The US athletic footwear sector grew by 2 per cent last year, generating $19.6 billion in sales, according to The NPD Group. Unit sales grew by 2 per cent and average selling price remained flat, at $58.16.
Unilever , one of the world’s biggest spenders on advertising, has threatened to pull ads from digital platforms such as Facebook and Google if they “create division” in society or fail to protect children.