Wal-Mart Stores Inc said on Monday it was launching a process to speed up returns of items bought on its website, in time for the busy holiday season, as it looks to compete better with e-commerce giant Amazon.com .
German sport fashion retailer and buying group Sport 2000 International is linking up with Spanish retailer Base Group in a deal that will mean pooling procurement capacities and launching joint marketing campaigns.
UK consumer spending dropped last month with physical stores suffering while e-tail rose. The fashion sector suffered more than most, despite new-in autumn lines, but jewellery, hair and beauty were more buoyant.
First it was Shop Direct calling off its mega-billions sale and now Kaupthing is believed to have ended the bidding process for its trio of key (but far less valuable) UK fashion brands, Oasis, Coast and Warehouse.
Shop Direct’s CEO will leave the online retailer next year, the company said Friday. The exec, who has run Britain’s second-biggest pureplay e-tailer since 2012, said it’s time for him to “move on to the next challenge.”