U.S. shoppers made more purchases online on Black Friday than in the mall - hurting traffic and sales at physical stores, according to data that offered insight into one of the busiest shopping days of the year.
Nordstrom Inc raised its 2019 forecast unlike many competitors and reported third-quarter profit above Wall Street expectations on Thursday, sending the retailer’s shares up about 10% in extended trading.
Asda, the British supermarket arm of the world’s biggest retailer Walmart, blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers’ spending patterns.
Amazon Fashion has launched five of its own private-label brands in Europe, but another 103 have already been introduced in the US by the web giant, although it denies claims it is competing with client brands.
Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co, Unilever Plc and The Body Shop are rolling out more products in refillable form.