NEW YORK, United States — Online shopping surged to a record on Cyber Monday as many consumers snubbed physical stores and took to the Web to buy holiday gifts.
NEW YORK, United States — U.S. retailers' controversial choice to kick off the U.S. holiday shopping season early, on Thanksgiving, may not pay off as much as they had hoped.
DHAKA, Bangladesh — Six months ago, when 1,127 Bangladeshi workers were killed in the collapse of a high-rise warren of garment factories, international outcry led to pledges by western retailers and the government to set up a large-scale inspection regime and a new wage system.
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a union official fell ill, workers threatened to strike in Dhaka and European brands balked at attending over the summer.
WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
ZURICH, Switzerland — A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.
The Waning Relevance Of Department Stores (JC Report) “Plagued by layoffs, closures and plummeting sales, the American department store’s fortunes are fading fast.” H&M appoints New CEO (Drapers) H&M, the Swedish fast fashion retailer, has appointed Karl-Johan Persson as its new CEO. Rents Falling in New York’s Garment District (New York Times) Rents in New York’s Garment District are falling,
Retail Winners and Losers This Holiday Season (Seeking Alpha) “Wal-Mart is the only real retail winner during the 2008 holiday shopping season, which is presaging more retail bankruptcies in the year ahead,” reports Seeking Alpha. A long swan song for the Blass House (IHT) It was the beginning of the end when Bill Blass sold his eponymous label in 1999. Veggies invading the skin care market (IHT) The supermarket produce