The United States, Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens. Hundreds of billions of dollars could flow into… Click here to view the original article.
Etsy Inc said on Wednesday it would acquire Gen-Z focused fashion reseller Depop for $1.63 billion, as the online seller looks to attract younger shoppers. More young consumers are moving toward second-hand fashion options, conscious of the environment and carbon footprint of the clothing… Click here to view the original article.
US fashion retailer Gap is set to enter the home furnishings category, releasing its first home essentials range in partnership with Walmart. The Gap Home collection will feature more than 400 products, ranging from home decor and tabletop items, to bedding and bathroom accessories. Gap’s… Click here to view the original article.
Cotton On’s suite of brands are launching online-only in the UK – a first for the group – according to FashionUnited. The group believes there is a significant opportunity for e-commerce-led fashion in the UK, with group chief executive Peter Johnson stating the feedback the brand has… Click here to view the original article.
UK-based retail giant JD Sports will open its first ever store in New Zealand. Launching mid-2021 at Sylvia Park, the retail hub will offer several sports lifestyle products, exclusive styles, and several brands not yet available on Kiwi shores. Lisa Trainer, GM Asset Management at Kiwi Property, said that with JD Sports being a big […]
Amazon.com Inc said it is rolling out biometric technology at its Whole Foods stores around Seattle starting on Wednesday, letting shoppers pay for items with a scan of their palm. The move shows how Amazon is bringing some of the technology already in use at its namesake brick-and-mortar Go and Books stores to the grocery […]
Sydney is to invest $43.5 million converting the city’s downtown retail destination George Street into what it hopes will become a ‘world-class pedestrian boulevard’. The project will include new green space and street furniture, wider footpaths, and outdoor dining areas. Already a 9000sqm car-free area is already underway, spanning from the George Street light rail […]
Food delivery company Deliveroo will price its initial public offering at 390 pence per share, banks working on the deal said on Tuesday, at the bottom end of a previously indicated range for the food delivery group. That would indicate an overall valuation of 7.6 billion pounds ($10.46 billion), less than initially expected, after a […]