Amazon India gets $3bn extra investment ahead of Alibaba arrival
Amazon is gong to spend even more money on growing its business in India, the company’s CEO Jeff Bezos has announced. That’s no surprise given that India is its fastest growth market.
US department stores: Space glut vs productivity gap
US department stores have a tough time ahead – at least that’s according to a new report. They need to close 20% of all anchor space in US malls if they want to return to the productivity levels they had a decade ago, Green Street Advisors claims. The research, reported in The Wall Street Journal,…
Department stores are key US e-tailers so why are analysts worried?
US department stores are now among the biggest players in the e-tail sector but their profit margins are groaning under the pressure, according to analysts at credit Suisse. Their analysis, reported by Fortune magazine shows that department store websites are popular shopping destinations with around 14% of the revenue of the chains that anchor US malls now…
Gap didn’t have a merry Christmas but guess who did?
Was the holiday season the washout for US retailers that many had feared? Yes, and no. Some retailers did just fine thanks while others… well, let’s look at Gap Inc.
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