El Corte Ingles is preparing to accept non-cash payments through the Alipay payment system across its store portfolio, following a new agreement with e-commerce company Alibaba to attract more Asian consumers.
Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
New beauty tech platform bgX has launched a partnership with Uber which starts with London (assuming Uber’s ban there will be overturned), Paris and Dubai, “connecting professional hair salons to their communities.”
Yoox Net-A-Porter is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s CEO said on Tuesday.
House of Fraser’s Chinese owner is planning to sell its majority stake in the under-performing department store chain to another Chinese entity, it confirmed on Tuesday. But it will keep a large holding in the retailer.
Nordstrom Inc said it had rejected an indicative take-private offer from its founding family group worth about $8.4 billion, a 2.2 percent discount to the U.S. department store operator’s market value as of Monday.
It’s all-change at Jigsaw as the group sees the immediate departure of CEO Peter Ruis after four-and-a-half years at the helm and reports suggest the firm will announce a new investor in the next few days.