Hudson’s Bay Stores to Close in Canada
Bargain hunters picked over what was left at the Hudson’s Bay Company’s remaining stores, part of a vast empire that was North America’s oldest corporation.
E-Commerce
Shein turns to Hong Kong for flotation as London attempt stalls, reports say
Fast-fashion retailer struggling to gain go-ahead from Chinese regulators for UK listingShein is reportedly aiming to list on the Hong Kong stock exchange as the online fast-fashion retailer struggles to gain the go-ahead from Chinese regulators for a …
‘Remote purchase’ fraud in UK surges as customers tricked into disclosing passcodes
Banks say every day 7,000 incidents take place where scammers get people to disclose unique set of numbers Banks are reporting a surge in a type of fraud where customers are tricked into disclosing online login passcodes they are sent, which has helped…
Will cyber-attack threaten M&S’s hard-won return to fashion relevance?
Disruption to online shopping could derail retailer’s successful pivot to cater to fashion-focused customers In September 2019, as Marks & Spencer fell out of the FTSE 100 for the first time, its then chief executive, Steve Rowe, described the reta…
‘Sticky situation’: Kentucky boy orders 70,000 suckers using mom’s credit card
Liam LaFavers ordered $4,200 worth of Dum-Dums for friends, but his mother was eventually able to get a refundA Kentucky mom found herself in a sticky situation when her eight-year-old son ordered 70,000 Dum-Dum lollipops on her phone.On Sunday, Holly …
China’s Garment Factories Face a Tipping Point After New Tariffs
As a U.S. tax loophole ends, the apparel makers that sell to America are forced to consider alternative markets or cheaper locations in and outside China.
Jeff Bezos to sell up to $4.75bn in Amazon stock over next year
Company’s founder plans to offload up to 25m shares through a trading planBusiness live – latest updatesJeff Bezos is preparing to sell up to $4.75bn (£3.6bn) worth of Amazon stock over the next year, according to a regulatory filing made on Friday.The…
What a Disappearing Tariff Loophole Could Mean for Your Next Online Order
An exemption that allowed cheap Chinese goods to enter the United States duty free was eliminated on Friday, which could lead to higher prices and delays on purchases.
Abu Dhabi firm to invest $2bn in Binance using Trump’s crypto venture
World Liberty Financial’s USD1 will be used to close MGX’s investment in world’s biggest crypto exchangeA stablecoin launched by Donald Trump’s World Liberty Financial cryptocurrency venture is being used by an Abu Dhabi investment firm for its $2bn in…
Harrods is latest retailer to be hit by cyber-attack
Luxury department store is forced to shut some systems but website and shops continue to operateHarrods has been hit by a cyber-attack, just days after Marks & Spencer and the Co-op were targeted.The luxury department store is understood to have be…