Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
Converse is taking over a five-floor building in the heart of Shoreditch to open the ‘Converse One Star Hotel’, a two-day immersive pop-up featuring exclusive sneaker launches and rooms curated by music artists.
Nordstrom's charitable brand Treasure & Bond has launched its first ever home collection with a line of tabletop decor, bedding and pillows. The home category joins existing apparel, footwear, handbags and accessories.
January retail footfall dropped in the UK with the 1.6% fall being bigger than the 1.3% drop a year ago. But at least it’s better than the three-month average of 1.8% that really underlined how tough UK retail is.
Alibaba Group Holding will pay about 5.45 billion yuan (625.62 million pounds) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline businesses.
Amazon.com Inc is testing a programme to ship its sellers' goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses.
Retailer C&A is expanding its recycling program ‘We Take it Back’ to Belgium, Luxembourg and Switzerland. Launched in 2012 in the Netherlands, the initiative has already collected 278,000 kilos of unwanted clothing.