Textron Inc sees Amazon.com Inc as a potential customer, the head of the company’s aviation business told CNBC on Tuesday, given the increased need for freight and transport with a booming e-commerce industry.
Fashion designer Stella McCartney said the fashion industry is “incredibly wasteful and harmful to the environment” as she unveiled a new vision for its future alongside environmental campaigner Ellen MacArthur.
Norwegian menswear retailer Dressmann said Tuesday that it’s set to become the world’s biggest fashion retailer of Fairtrade certified cotton when it launches a new range of T-shirts, boxer shorts and socks.
Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts and bought more on their mobile devices, heralding a promising start to the key holiday season.
The UK’s Black Friday weekend got off to a strong start online on November 24, but early evidence suggests that physical store shopping was weaker and London's West End was hit by panic after a terrorist false alarm.
Moody's Investors Service has named a list of retailers who have to post good holiday sales to be able to pay off large loans that are about to come to maturity. Included are Sears, J.Crew and Nine West.
Relatively few early-morning shoppers turned out on Black Friday to mark the start of the U.S. holiday shopping season, as more people shopped online and the traditional rush was split by stores opening the night before.