U.S. households ended 2020 with a record $130.2 trillion in wealth, the Federal Reserve said on Thursday, as rock-bottom interest rates and a massive fiscal rescue stemmed the pandemic's economic fallout.
PayPal Holdings Inc will launch its "buy now, pay later" (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday, muscling in further on Afterpay Ltd and others for share in the booming industry.
As a marker of personality as well as social status, sneakers are cared for and worn with pride, and youths compete to hunt down the rarest models from a market flooded with old and new sneakers -- including many fakes.
The American retail giant has announced that it plans to support national manufacturers with $350 billion in added business over the next decade, with focus areas including textiles and small electrical appliances.
TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
The European Commission has announced goals for the 27-nation bloc to reduce poverty, inequality and boost training and jobs by 2030 as part of a post-pandemic economic overhaul financed by jointly borrowed funds.
The New York-based department store retailer announced on Monday that it has named Laura Miller as its new chief information officer and made a series of other senior leadership changes as part of its Polaris strategy.
The 27-year-old Chinese-Australian fashion influencer has been appointed as editor-in-chief of Vogue China, becoming the youngest person to hold the position at any of the magazine’s international editions.
U.S. retail sales are expected to rise between 6.5% and 8.2% to more than $4.33 trillion in 2021 as more people get vaccinated and the economy reopens, the National Retail Federation (NRF) said on Wednesday.
With Covid-19 disrupting traditional brick-and-mortar retail, e-commerce saw a boom in 2020. But according to a new report from Searchmetrics, fashion retailers lagged behind in terms of online search visibility.
Costa Paz will oversee the creative direction for the brand in the U.S. and the U.K. and help guide Vogue’s approach to content in all formats through all of the company’s owned and operated editions worldwide.