Mexican painter, Rufino Tomayo's Watermelon Slices was the top lot of Sotheby's Latin American sale fetching a staggering $2.2 million and setting new auction records.
Carrefour, the world's second-biggest retailer, must slash prices, build more convenience stores and attract online shoppers as dire economic times make the current CEO's hypermarket revival plan increasingly obsolete.
More people are expected to shop on this year's Black Friday, according to a survey for the National Retail Federation conducted by BIGresearch.
An online-only auction by Christie's from Dec.13 through 16 will feature a total of 950 belongings from Elizabeth Taylor's special jewelry collection.
A towering bronze sculpture by Fernando Botero and works by several Brazilian artists set auction records during Christie's Latin American sale, the auction house said on Wednesday.
Start-up company ConnecTV, which will track television viewers' watching habits and connect them to other viewers via social media, has struck a deal with 10 TV station groups that collectively cover 76 million U.S. households., the company announced Tuesday.
The annual Walpole Awards for Excellence, which took place at the Banqueting House, London honoured luxury brands like Victoria Beckham, Alexander McQueen and Mulberry for their works in the sector.
Given how Lindsay Lohan has fallen from grace due to her alcohol and drug problems, it's no wonder the ex-jailbird would probably be worth more dead than alive, according to the author of Celebrity Inc.
Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.
Nothing is more exciting than to kick-start a holiday season by being the first customer at an acclaimed toy store. This is what ToysRUs is offering to its customers by throwing open its doors at 9 p.m. on Thanksgiving night.
A petition against a Thanksgiving night opening for Target stores nationwide Friday has amassed more than 70,000 signatures since it began two weeks ago, but will it be enough for the retail giant to alter its plans?
This Black Friday Guide has all the deals, sales and doorbusters frugal shoppers need to know about when looking to get a jump on holiday shopping on the cheap.
Retailers are growing again, a new study shows, as companies start to embrace strategies like e-commerce and international initiatives.
Fans of Elizabeth Taylor will have a chance to buy an item from the vast collection of the Hollywood actress when Christie's sells nearly 1,000 lower-priced pieces in a special online auction.
A new study from Pew Research and GWU found that news organizations take to Twitter to promote their own sites, rather than link to other news.
Groupon Inc is trying to grab a much larger share of consumers' holiday spending this year following the biggest daily deal company's initial public offering.
Tamara Mellon, Director of the high-end British fashion house Jimmy Choo, has announced, rather suddenly, her decision to step down from her role at a company she helped establish 15 years ago. There was also a second similar announcement by the brand's Chief Executive, Joshua Schulman.
Daily deals, group buying, group coupons, social commerce and flash sales have emerged as the Internet's new growth segment, modernizing, in the process, the way local consumer services are promoted.
The social and economic benefits of tourism could be strengthened if governments collaborated more closely with each other and their respective private sectors, over visas, taxation, aviation agreements and marketing, said the United Nations World Tourism Organization (UNWTO), on Monday.
Despite economic growth predicted to slide in the near future, U.S.-based tour operators estimate an increase in the outbound travel. The latest report by the United Nations World Tourism Organization (UNWTO) and the European Travel Commission (ETC), the number of tourists to Europe, from the U.S. is expected to grow.
Black Friday 2011 is Nov. 25, and with retailers predicting record numbers of shoppers swarming stores the day after Thanksgiving, it's good to have some tips for nabbing the best sales. Follow these top ten tips, from where to look online for early deals to warranty checks and getting bigger sales, we predict 2011 will be your best shopping year to date.
