South African businessman Christo Wiese has launched a $5 billion lawsuit against crisis-hit Steinhoff , a retail company in which he was a board member and biggest shareholder until earlier this year,
South Korea's Lotte Shopping said on Thursday that it has agreed to sell one of its six operators of hypermarket and supermarket stores in China to Wumei Holdings for about 248.5 billion won (165.08 million pounds).
Ebay Inc’s forecast for current-quarter profit and revenue missed Wall Street estimates as the e-commerce company invests heavily to beat the rising competition from the likes of Amazon.com and Alibaba Group.
PayPal Holdings Inc on Wednesday reported first-quarter profit that beat Wall Street estimates as the payment processor benefited from higher volumes of mobile payments and strong merchant services business.
French retailer Carrefour has struck a five-year purchasing alliance with peer Systeme-U, stealing a march over rivals in a deal that will make Carrefour the biggest buyer in its competitive home market.
Personalized kids subscription service Kidbox has secured $15.3M in Series B funding that will be used to expand the data science team and drive customer acquisition. The company's total funding raised to date is $28M.
Amazon is ramping up its presence in Brazil, but the Amercian giant may struggle to dominate the country's retail, according to a various industry insiders, who say Amazon's slow rollout gave rivals a chance to prepare.
Mexico’s Senate on Tuesday voted to ratify a Asia-Pacific trade agreement, making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States.
A recent NRF and IBM study suggests that while Gen-Zers favor brick-and-mortar, retailers who fail to integrate online and mobile services with their physical stores may be missing the mark with this key demographic.
Product and brand piracy cost German manufacturers around 7.3 billion euros and 33,000 jobs in 2017, with China being the biggest culprit, a survey by German engineering association VDMA showed on Tuesday.