Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
The British multi-channel retailer said the clothing range in its Express Gifts division performed strongly in financial year 2018, with over half of new customers buying from this range during the period.
Walmart's online delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer’s ambitions to challenge Amazon head-on with speedy delivery.
Nike continues to oust its top-level executives, with reports that the US sportswear behemoth has let go of five more managers, raising the total to eleven, amid its inquiry into sexual assault allegations.
Luxury handbag designer Sophie Hulme is to open her first permanent standalone boutique this spring, taking a space on Chiltern Street, while menswear brand Dashing Tweeds will open on nearby Dorset Street.