Millennials Shunning Malls Speed Web Shopping Revolution

Millennials prefer shopping online | Source: Lawrence Randall

NEW YORK, United States — CJ Chu is a retailer’s nightmare. The 24-year-old associate for a private-equity firm does “99 percent” of his shopping online — even toothpaste. He’d rather buy groceries on the Web than walk to the supermarket.

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Ferragamo CEO Sees Improved Growth Outlook, Upbeat On China

Shopping at Salvatore Ferragamo | Source: Reuters

MILAN, Italy — Italian luxury leather goods maker Salvatore Ferragamo expects group results to improve in the second half of 2014 from the first six months on the back of strong demand in China and in global travel retail, its chief executive said on Sunday.

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American Apparel Finds CEO Misused Funds; Helped Discredit Employee

Ousted American Apparel CEO Dov Charney | Source: Reuters

NEW YORK, United States — An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassment, a person close to the matter said.

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M&S Loses More Market Share as Price Gap With Rivals Widens

Marks & Spencer's ladies campaign | Source: Marks & Spencer

LONDON, United Kingdom — Marks & Spencer Group Plc was the only major clothing retailer to lose U.K. sales and market share in the six months through mid-May and the price gap with rivals widened, according to Sanford C. Bernstein.

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Your Days are Numbered, Top Online Entrepreneur Tells Retailers

Goods ordered on Amazon ready for shipping | Source: Reuters

PARIS, France — The founder of Rocket Internet, the German venture capital company behind dozens of online start-ups, warned the retail industry on Thursday that e-commerce and smartphones would mean there will be little future for stores in emerging markets.

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