Sears’ unsecured creditors have filed an objection to the deal proposed by chairman Eddie Lampert to save the bankrupt retailer, claiming its failure was “precipitated by years of years of misconduct” by the executive.
Amazon has shown itself to be a boon for its small and medium-sized business partners, with over 50,000 exceeding $500,000 in sales in Amazon stores worldwide for 2018, and nearly 200,000 surpassing $100,000.
Asia's richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate take on Amazon and Walmart in India's burgeoning e-commerce market.
Amazon is among eight tech firms named in a complaint filed in Austria by non-profit organisation Noyb, which cited their failure to comply with the European Union's General Data Protection Regulation (GDPR).
Primark’s trading update has raised new questions about whether the brand will ever launch online sales, but while it has mulled an online debut, it’s not a priority for now, a senior exec said after the update.
Klarna, the Swedish payments specialist has a new minority investor - rapper Snoop Dogg via his Casa Verde Capital fund. The company has also just unveiled a new marketing campaign starring the celebrity.
South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November and December.
Supermarket retailer Casino, which is battling investor concerns over its high debt, said revenue growth slowed down slightly in the fourth quarter as anti-government protests in France impacted sales.
Sears said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.
The BFC and the main group representing creative businesses in the UK have both joined the calls for a second Brexit referendum as the debacle around the UK's exit from the EU sees the country on a business cliff edge.