EBay Inc thrust its PayPal business into the limelight on Thursday, saying the online payments unit would surpass its main marketplaces division within three to five years as executives cast the Web company as an innovator.
Shopping mall operator Sonae Sierra Brasil raised 478.3 million reais (US$288 million) in an initial public offering on Tuesday, the second Brazilian company in two days to go public as a busy IPO period gets under way.
British retailer John Lewis reported a second consecutive fall in weekly sales at its department stores and warned of tougher trading ahead as shoppers face higher prices, taxes and public spending cuts.
Forever 21 has announced its plans for expansion in France. A retail property advisor in Europe, Harper Dennis Hobbs, confirmed that the brand has been authorised to open stores on rue de Rivoli in Paris and at a shopping centre in Vélizy.
Capital Shopping Centres (CSC), the UK's largest mall owner, said its shareholders had approved a deal to buy the Trafford Centre in Manchester and give Trafford's owner a nearly one-quarter stake in return.
Hennes & Mauritz, the world's No.3 fashion retailer, posted a surprise fall in quarterly profit on Thursday, squeezed between higher costs of raw materials like cotton and price cuts to stay competitive.