Gay rights groups in Italy have praised Donatella Versace for speaking out against the government’s anti-gay policies in a heartfelt and personal speech while receiving a fashion award.

H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.

H&M, whose biggest rival is Zara owner Inditex, said September sales would be down 10 percent year-on-year measured in local currencies.

Italian private equity firm Style Capital has acquired a majority stake in French contemporary apparel and accessories label Soeur, the two companies announced today.

Target said on Tuesday it would close nine stores across four US states, including California, citing that theft and organised retail crime was threatening the security of the retailer’s employees and customers.

Organised crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing US retailers.

TikTok’s ambition to expand in online shopping is facing a major blow from new rules in Indonesia that are set to curb its operations in its biggest e-commerce market.

Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader’s units to go public.