Amazon.com is in early-stage talks to buy a stake worth at least $2 bn in Indian mobile operator Bharti Airtel , three sources said, underscoring the growing attraction of India's digital economy for U.S. tech giants.
German retail associations announced guidelines on Wednesday to encourage a 50% cut in rent payments during the time stores were forced to close due to the coronavirus and a lesser reduction for the next three months.
Shares in shopping centre giant Intu rose by more than half on Tuesday and continued rising Wednesday as it published figures suggesting its cash position will remain positive in 2021 if it gets a deal with its lenders.
Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Shopping malls giant Unibail-Rodamco-Westfield has made “strong progress” with its mall reopenings globally with 65 of 90 now open. And indications are that footfall and trade is stronger than expected in many countries.
Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
H&M , the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.
Zalando is continuing its sustainability drive and said it's the first platform worldwide to set science-based targets (SBTs) to reduce carbon emissions in line with the 1.5 degrees Celsius Paris Agreement figure.
YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Reopening is hugely important for every physical retailer, but it's even more so for Primark, which has admitted it's been losing £650 million in sales a month due to lockdowns as it has no webstore to fall back on.