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Gap CEO Says He Would Consider Using Amazon to Reach Customers
Gap Inc. chief executive officer Art Peck said the retailer would consider relying on third-party sellers such as Amazon.com Inc. to reach customers.
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
Retailers Stifle US Stocks as Growth Worries Mount
The weakness plaguing consumer companies proved contagious and pushed US stocks to the longest streak of weekly declines since January’s market meltdown.
How Online Shopping Is Cannibalising Mall Stores
Online shopping is reaching such a critical mass with American households that many of the icons of the traditional mall — from Macy's to The Gap and J.C. Penney — face an increasingly uncertain future.
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
Alibaba, SoftBank Team Up for Cloud Computing Service in Japan
Alibaba Group Holding Ltd. teamed with its largest shareholder SoftBank Group Corp. to form a cloud computing service venture targeting Japanese customers, as the Chinese e-commerce giant expands one of its fastest growing businesses.
Power Moves | SuperGroup Co-Founder Exits, Furla CEO Joins Ferragamo, Fossil's UK MD
BoF compiles the most important professional moves of the week.
Resale Sites Prepare for Battle
Armed with millions of dollars of venture money, a handful of fashion ‘re-commerce’ sites are gearing up for a ‘winner-takes-all’ fight.
Higher Wages Threaten to Squash Margins at Consumer Companies
The strong jobs market is likely to send sales higher at retailers and restaurants but leave investors unhappy, worrying fund managers who have crowded into consumer stocks.
The Vintage Watch Boom
After a series of record sales in 2015, expectations are high for this year’s vintage watch auctions.