Chinese e-commerce platform Alibaba is reportedly considering acquiring Pakistani fashion e-tailer Daraz, owned by German start-up company Rocket Internet, in a bid to gain a foothold in the South Asian country.
Luggage and accessories label Travelteq has opened its first flagship store in Amsterdam. The shop carries a collection of bags, trolleys and accessories as well as travel-related products, including books.
Amazon.com is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay and potentially Alibaba Group Holding.
Following the bankrupt toy retailer’s announcement that it plans to shut down its US locations, the e-commerce giant is said to have considered taking over some of the spaces to expand its brick-and-mortar footprint.
LK Bennett surprised the retail sector when it named Darren Topp, ex-boss of failed BHS, as its CEO, but now it seems that Topp is leaving and Erica Vilkauls, who recently ran the failed East chain, is on board.
John Lewis must be hoping for a big sales uplift in the current week as it opens it 50th department store today at Westfield London. But for last week, it saw a total company sales increase of only 2% to £206m.
German sportswear brand Puma outlined new mid-term targets on Tuesday, expecting to lift currency-adjusted sales by around 10 percent a year up to 2022 and raise its operating profit margin to about 10% of sales by then.