Following US President Donald Trump’s repeated attacks on Amazon’s treatment of the US Post Office, analysts from Piper Jaffray Companies have stated that they do not believe the online retailer will face higher rates.
Euro zone sales increased at a slower rate than expected in February as shoppers cut back on non-food purchases and figures for January were revised down, indicating a slowdown of business in the bloc’s high streets.
Japan’s household spending suffered the biggest annual decline in nearly a year in February as inflation-adjusted wages continued to fall, data showed on Friday, suggesting the economy’s long run of growth has peaked.
Target Corp has agreed to review its policies for screening job applicants and pay $3.74 million to settle a lawsuit claiming its use of background checks kept thousands of blacks and Hispanics from obtaining employment.
Virgil Abloh's Off-White has sued e-commerce marketplace Wish.com for selling counterfeit Off-White goods. Off-White is suing the site for lost profits and $2 million per infringement which could total $300 million.
Retailers are under increasing pressure to slash prices to keep up with competition and lure shoppers, but this practice is bringing more drawbacks than benefits, according to new research from Klarna.
Australian retail sales rebounded in February as shoppers spent on cafes, clothing and household goods, a tentative sign that consumers may be coming out of the doldrums and contribute to economic growth.
Apparel and footwear products do not feature on the proposed list of 1,300 Chinese imports marked for additional US tariffs published by the USTR on Tuesday. Textile machinery, however, is slated for further duties.