Amazon Prime accounted for half of all holiday sales during 2017, a 38% jump over last year, outpacing total e-commerce sales, up 18% for the season. Amazon also announced it had shipped 5 billion Prime items in 2017.
Forever 21 has released the results of its investigation into the payment card security incident reported in October 2017, revealing a range of breaches including the presence of malware on some point-of-sale devices.
Investment company Eurazeo has entered into exclusive negotiations in order to acquire 70 percent of the capital of the management firm Idinvest, a move that could see the business double its portfolio.
Primark has tapped a former Zara chief to head its womenswear division. Paula Dumont Lopez, who was named New Look’s new chief executive last year but never took up the role, will join Primark this month.