Hudson’s Bay Co shareholder Catalyst Capital Group Inc has opposed an agreed deal by the struggling Canadian department store operator with a group led by executive chairman Richard Baker to be taken private.
With click & collect rapidly proving to be the top delivery method for e-shoppers and also being a physical store footfall driver, John Lewis is boosting its C&C efforts with third-party brands, starting with Boden.
The UK’s already-fragile consumer confidence fractured further in October with the latest GfK survey showing it’s dangerously close to breaking point and offering no encouragement for the Christmas shopping season.
Just a day after announcing that it was going completely carbon neutral, online retail giant Zalando had more big news on Thursday as it issued its third-quarter results and said that its revenues continue to grow fast.
Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion (£11.64 billion), after political unrest in the Asian financial hub put the move on ice earlier this year.