Retail

3/18/2013
Scanpay: a new way to make transactions on your mobile
Hoping to reduce 'basket abandonment' on mobile devices, Scanpay is a new payment method that enters your details by simply taking a picture of your card.
3/18/2013
Two Ackman investors want more details on JC Penney
Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney,...
3/17/2013
Net-a-Porter ventures into beauty
Net-a-Porter will debut Beauty: The Quintessential Edit, a magazine and shopping section of the retail website that marks its foray into the beauty sector on 20 March.
3/15/2013
Net-A-Porter soon to be available in other languages, opens logistics centre in Hong Kong
The e-commerce giant is putting the final touches on its French, German and Mandarin version of the site and is readying for the opening of its third logistics centre in Hong Kong.
3/15/2013
H&M says fewer shopping days hit Feb sales
Budget fashion retailer Hennes & Mauritz said on Friday its like-for-like sales fell for the fifth straight month in February and said fewer shopping days compared to the leap year in...
3/13/2013
RentTheRunway raises 24.4 million dollars in funding
The American designer dress rental site has raised a further 4.4 million dollars in funding, which will be used to improving logistics and open showrooms around the country.
3/13/2013
Spain's Inditex 2012 profit grows 22 percent on new markets
Zara owner Inditex tapped fashion-hungry consumers in new markets in 2012 to grow net profit by 22 percent even as austerity-hit shoppers in Europe tightened belts.
3/12/2013
Urban Outfitters racks up 2.8 billion dollars in sales for 2012
For its 2012 fiscal year ended January 31, the U.S. apparel group recorded record sales of 2.8 billion dollars, up 13% compared to 2011. Operating income rose to 374 million dollars.
3/12/2013
Details emerge on Galeries Lafayette’s Beijing store, set to open in September
Galeries Lafayette and Chinese partner I.T. Limited are keeping their promise. The retailer’s Beijing store will in fact open in September. Paul Delaoutre, CEO of the French group’s...
3/11/2013
La Rinascente buys Danish department store Illum
For the first time in it's 150 year history, the Italian department store is venturing abroad by buying Danish store Illum.
3/10/2013
& Other Stories opens first store and launches e-commerce site
& Other Stories, the new brand from H&M, opened its first store on 7 March on London's Regent Street. The e-shop is now also live.
3/10/2013
Last call for Neiman Marcus's eBay store
Luxury department store operator Neiman Marcus is shutting its eBay Inc store, a setback for the e-commerce company, which has been trying to lure large retailers to its online marketplace.
3/8/2013
Spartoo attacks ready-to-wear
The footwear website is entering the ready-to-wear market, offering 6,000 items from the spring-summer 2013 collections of some one hundred brands.
3/7/2013
New Look ready to open own stores in China
With Asia specialist Anders Kristiansen as its new CEO since the start of this year, the British retailer now has the in-house expertise needed to take on China. The first of its stores...
3/6/2013
Google tests same-day delivery, raising marketplace speculation
Google Inc began testing a same-day delivery service with retailers in recent weeks, the latest move into Amazon.com Inc's e-commerce turf by the world's largest Internet search company.