Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc’s haul last quarter from online store sales.
The digital-first lingerie start-up has opened its largest store to date in Tennessee’s Hamilton Place Mall, Chattanooga. The new location features an expanded fit and consultation area, as well as a 3D body scanner.
This month, the menswear specialist will open a new store in Chesterfield, Derbyshire, signalling the start of a wider rollout across the UK. Up to six new locations could open over the next six months.
There was further confirmation of the bleak state of UK retail on Monday as specialist footfall tracker Springboard released visitor traffic figures for October. And what did they show? Unsurprisingly, another decline.
Alibaba Group Holding on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year.
As part of the deal, the number of Champion points-of-sale in South Korea -- including stores, shop-in-shops and e-commerce -- is expected to nearly triple to more than 30 by the end of 2020, the company said.
Facebook on Thursday launched a catalog feature for its WhatsApp messaging app, building out the service's e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion.
Sears on Thursday said it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the U.S. chain's finances.
Alphabet unit Google's proposal to create a level playing field for price comparison shopping rivals to stave off fresh fines has not led to more traffic for its competitors, Europe's antitrust chief said on Thursday.