A last-minute surge in high street shopping in the week leading up to Christmas wasn't enough to rescue December trading. That’s the message from the latest BDO UK high street sales tracker that was released on Friday.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).
The US luxury department store is reportedly on the hunt to replace Karen Katz as CEO, sources close to the matter told local media on Thursday. Neiman Marcus declined to comment further on the rumour.
Amazon has filed a patent application with the US Patent and Trademark Office for its virtual reality mirror, offering a blended reality view to users for "entertainment and other purposes" including trying on clothes.
Ben la Grange on Thursday stepped down as chief financial officer and as a management board member of Steinhoff "to focus on the preservation and procurement of liquidity in the group", the South African retailer said.
According to a market research by Thuiswinkel, Dutch consumers spent €15.7 billion in the first nine months of 2017, with beauty and apparel on the up. Total online sales are expected to reach €22.7 billion for 2017.