retailer

Topshop managing director leaves for The White Company in a string of resignations from Arcadia empire

An analyst notes that Mary Homer's departure will have an impact on Topshop saying that her fashion instincts were key players to the success of the brand.

Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out

Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.

Michael Hill International Limited appoints new CEO

The board and the employees in Michael Hill are excited by Taylor's appoointment as he sees to unlock new opportunities and new streams of value for the company.

Woolworths targets Chinese shoppers with new online store on Tmall Global site

Supermarket giant Woolworths is aiming to tap growing Chinese consumer demand for Australian products by setting up shop on Alibaba's Tmall Global. The embattled retailer took the move to defend its business after it found other retailers and individuals were selling its products through the Chinese site.

Tesla says Australian utility Origin to market solar battery

Tesla Motors Inc. listed Australia's largest power and gas retailer, Origin Energy, as one of the distributors for its solar battery storage product, Powerwall, which the company is launching globally in two other countries. The Powerwall is initially targeted at early adopters, both by Tesla and by Origin. The product will be available for installation starting February 2016.

Buffet buys 8% in Sears' REIT Seritage Growth

Warren Buffett has acquired 8% stake in Seritage Growth Properties, amounting to $70.5 million. Berkshire Hathaway is also buying a real estate firm, Allie Beth Allman & Associates. The latest acquisitions by Buffett will add financial strength to Sears Holdings.

Wal-Mart cuts 450 jobs at headquarters

Headquarters of Wal-Mart in Bentonville is laying off employees in keeping up with the pace of the customers' shopping behavior. The retail company's goal is to push its e-Commerce and be as quick to cater to customer needs and complaints to name a few.

Latest Stories

5-Year Payoff: New Study Examines College Return on Investment

Whether a college degree is worth the cost is one of the main concerns that families have these days, especially in light of escalating tuition and fees that may leave graduates with debts totaling tens of thousands of dollars from student loans.

US Urban Centers Are Seeing the Worst Rent Spikes at 30%

Since the pandemic started, average American wages have increased, but for many, these gains are being eaten up by growing rent.

'The Fall Guy' Bombs Despite Star Power and $2.4 Billion Frenzy

Despite a strong start, "The Fall Guy's" box office issues reveal a grim reality after a $2.4 billion sensation. Although the action comedy received positive reviews, the film has had trouble making money.

Cost of Raising a Child Up to 18 Years Old May Reach $331,933

While many fundamental expenses, like food and clothing, are generally something you can plan for and manage as a parent, some things might be far more costly and unexpected.

Social Security, Medicare Get Reprieve: Benefits Secured for Another Decade

According to the annual Social Security and Medicare trustees report released on Monday, the go-broke dates for Social Security and Medicare have been pushed back due to altered expected depletion dates brought about by a stronger economy.