Driven by a strong rise in holiday spending, U.S. retail Web sites crossed the $100 billion mark for the first time, collecting $102.1 billion in 2006, a 24 percent increase over the previous year.
As holiday shopping winds down, new research shows Toy shoppers are migrating more to Target stores than the main competition which includes Toys R Us and Wal-Mart.
As U.S. shoppers gear up for the Black Friday post-Thanksgiving shopping spree, retailers have been rushing to draw attention to promotions and aggressive price cuts.
U.S. online apparel spending grew over 32 percent in the third quarter compared to a year ago. Specialty retailers accounted for the largest share of sales, according to new research.
Online retail traffic is up 6.2 percent for the two weeks ending November 11, compared to the same period in 2005, with popular online shopping site Amazon.com attracting the largest number of website hits, according to a new report released on Tuesday.
The Romanian IT services market is expanding at a rapid pace, with experts expecting growth of 18.8% for 2006, just slightly lower than growth of 2005.
Jewelry sales in the U.S. are expected to rise 6.3 percent from 2005 to reach $62.6 billion by the end of the year, according to the Bureau of Economic analysis.
Retailer Target Corp. reported its net sales for the five-week period prior to September 30, were up 13.4 percent.
Gap Inc. and Banana Republic are expanding their relationship with F J Benjamin Holdings Ltd. by opening new stores in Indonesia.
Calvin Klein (CKI), a wholly owned subsidiary of Phillips-Van Heusen, has announced an exclusive distribution agreement and retail store license for India with Murjani India.
Changes could be coming for retailers like Gap Inc. and Pier 1 Imports Inc. that have struggled with falling same-store sales, while other retailers, like jeweler Zale Corp. will be watched to see if they can rebound from missteps during last year's holidays.
Korean social networking Cyworld's recently launched U.S. unit said on Thursday it signed with a Hollywood talent agency to help it win licensing deals with media properties that appeal to young Web users.
National Australia Bank's (NAB) head of retail operations says the bank is considering setting up shop in smaller retail outlets as it looks to diversify its customer facing channels.
Hong Kong continues to be the preferred base for international companies to oversee their regional operations, a Census & Statistics Department survey suggests. The number of regional operations and local offices in Hong Kong operated by overseas and Mainland companies reached its highest-ever level this year, topping 6,350.
MFI Furniture Group has agreed to sell its loss making retail operations to private equity group Merchant Equity Partners (MEP) for a nominal 1 pound
Elmo, the furry red toy doll known for laughing hysterically, has a new update. The newest model falls and laughs as it clutches its belly.
Retailer MFI Furniture Group said on Saturday that talks over the sale of its retail operations to a private equity group were now at an advanced stage.
GUS, set to split into two FTSE 100 companies next month, reported a slight slowdown in growth at its credit information business
Strong sales of household goods and a penchant for home shopping helped retail sales rebound in August, suggesting last month's interest rate rise did not deter shoppers.
Dell Inc. plans to open its own retail stores on a city-by-city basis and does not expect to sell its personal computers through shops like Best Buy Co., a senior executive said on Tuesday.
A recent survey on consumer trends shows that male shoppers between the ages of 25-39, who are identified as the “Xoomer†generation, are creating a significant impact on the retail market place.
India's second largest petroleum company, the Indian Oil Corporation (IOC) is planning to invest Rs. 200 crore for the purpose of automation of over 1,000 retail outlets by March 2007.