H&M is always searching for new ways to expand its already large empire. The Swedish retail giant has just confirmed the opening of its first ever concession in the world, to be found at Selfridges in London.
Mexico's top retailer, Wal-Mart de Mexico, posted higher April same-stores sales on Thursday. The company, known as Walmex, said sales at stores open at least a year rose by 6.8 percent from a year ago.
After entering the private sales market in Europe with the purchase of Spanish website BuyVip, Amazon is now doing the same in the United States. This time the online retailer has created its own website, called MyHabit.
Pierre Cardin, 88 and still a top name in clothes design, said he wants to sell his label while retaining artistic control, but his price of a billion euros ($1.48 billion) is five times bank valuations.