The Chinese e-commerce platform is planning to strengthen its position as a top destination for millennial consumers whose purchasing power and willingness to spend exceeds that of previous generations.
UK retail had a better time in April yet not everybody was happy as department stores proved to be the main sector that was struggling. At least fashion had a better time of it than in the first few months of the year.
The House of Fraser plan to downsize its store numbers and rationalise its remaining space looks like it will be going to the heart of its operation with even its Oxford Street, London flagship not immune.
Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.
The Danish sportswear brand Hummel International recently launched in India on a variety of online platforms and, as the brand has named India as a high priority market, further expansion is to follow.
For the second Life In Stores edition, LVMH Group has rewarded eight of its retail stores for environmental performance in 2017. The event forms part of its sustainability program, which launched in 2012.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.