British retail sales edged up unexpectedly in July, helped by the strongest growth in online spending in three years, suggesting consumers continued to support the economy ahead of the Oct. 31 Brexit deadline.
Pepkor Holdings on Wednesday said third-quarter revenue rose 12% thanks to Easter sales falling within the quarter this year, but warned the outlook was still volatile as consumer spending remained under pressure.
Internet-based fashion group Boohoo has bought the online businesses of fashion chains Karen Millen and Coast, leaving a question mark over the fate of the two retailers’ stores and concessions in Britain.
President Donald Trump’s threat to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, retail groups warned on Thursday.
Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday.
Aaron Chatterley, who co-founded and led Feelunique until 2014, has confirmed he is rejoining the team. But he is not returning as CEO, even though the company has been without a leader since Joel Palix's departure.