Traditional retailers like Abercrombie & Fitch Co. (ANF) have been hit hard by the emergence of sweeping fashion trends. The younger generation in particular, has lost interest in Abercrombie's designs, leading to sluggish sales and financial ...
Unilever Executive Dave Lewis who becomes chief executive of the U.K.'s biggest retailer Tesco on Monday, replacing Philip Clarke.
Bloomberg said GDP rose at a 4.2% annualized rate, up from an initial estimate of 4% and following a first-quarter contraction, the Commerce Department reported.
... * Malaysia Airlines to cut staff by 30 pct to 14,000. * Carrier to be de-listed by end of this year. * Aims to return to profitability within 3 years of de-listing (Recasts, adds comments from banker, prime minister, details).
Curalate is rolling out the Like2Buy platform, which will turn Instagram into a shopping haven for its users. Nordstrom already has the platform up and running, with Target and Charlotte Russe to follow suit.