The U.S. holiday shopping season is on track to break sales records on the back of surging consumer confidence and increased use of mobile devices, presenting an unexpected boon for retailers and delivery companies.
The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, people familiar with the matter said Wednesday.
For investors in Australia's Westfield, its $16 billion (£12 bn) sale to European property giant Unibail-Rodamco may mark a turning point for an industry under pressure to reinvent itself amid fierce online competition.
Europe’s biggest property group has agreed to buy shopping mall owner Westfield for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.
Imports by retailers are estimated to rise 1.5 percent in December, indicating that companies are expecting strong sales through the holiday season, according to industry group National Retail Federation (NRF).