As Black Friday nears, US stores get creative to battle e-commerce

Brick-and-mortar stores have expanded their bag of tricks — and gotten increasingly bold — as they look to lure shoppers who might otherwise be happy to stay on the couch and pick up gifts while still in their pajamas.The flagship Bloomingdale’s store in New York has held yoga classes, and Nordstrom has displayed Tesla cars near the section for men’s suits.

A number of shops now ply vis…

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California alleges Amazon stifled price competition in lawsuit

California Attorney General Rob Bonta said Amazon’s rules bar merchants from selling products at lower prices on their own websites or at the stores of Amazon’s rivals.”Through its actions, the everything store has effectively set a price floor, costing Californians more for pretty much everything,” Bonta said.

The lawsuit was filed in San Francisco Superior Court.Amazon said in response …

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China August investment growth falls to new record low, industrial output, retail sales up

But industrial output grew 6.1 percent in August from a year earlier, and retail sales rose 9.0 percent, both beating expectations.Investment growth had been expected at 5.5 percent in the first eight months of the year, matching a record low in January-July.คำพูดจาก สล็อตเว็บตรง

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Clothing spend up for first time in 17 months says Barclaycard

This was an important development because it was the first uplift since February and was caused mainly by consumers enjoying the last of summer and socialising and holidaying in the UK.Spending on essentials rose 5.1% but it was also significant that clothing spend saw growth for the first time since March 2019, as shoppers took advantage of end-of-season sales. Yet confidence in the UK economy…

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German watchdog launches new investigation into Amazon- report

Amazon bans some third-party traders on its e-commerce platform from offering certain branded products, and Germany’s Federal Cartel Office is investigating whether this complies with German law.“For some brands all merchants with the exception of Amazon itself and the respective brand manufacturer are excluded,” the paper quoted Cartel Office President Andreas Mundt as saying.


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Browsing not buying- UK e-sales growth slows but beauty remains a winner

The report said online retail sales increased by only 8.1% year-on-year last month. Despite Asos saying only this week that trading has been difficult, it seems that pureplay e-tailers managed to outperform the webstores of physical chains with growth of 11.6% for the former and only 6.3% for the latter.IMRG said “Black Friday discounting failed to rejuvenate consumer spending across the mont…

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Global fashion industry suffers adverse pandemic impact in 2020

This revenue slump is five-times worse than the 4.3% shortfall suffered in the same period by major international industrial groups. A decline caused by the lockdown measures introduced worldwide at the peak of the pandemic, which led to the closure of countless stores, to a halt in international exchange and the collapse of tourism.In the first nine months of 2020, the fashion market in Europe…

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Google in last ditch effort to overturn $2.6 billion EU antitrust fine

Google turned to the Court of Justice of the European Union (CJEU) after the General Court in 2021 threw out its challenge to the fine levied by EU antitrust chief Margrethe Vestager in 2017.It was the first of three penalties for anti-competitive practices that have cost Google 8.25 billion euros in total in the last decade.คำพูดจาก Read more

Global textile recycling threatened by new Chinese legislation

The warning comes from the Institute of Scrap Recycling Industries (ISRI), a US body which is an authority in the sector. ISRI underlined how Chinese legislation has gradually become more restrictive, intervening for example on neon lighting in 2007 and electronic products in 2013. Faced with a dramatic increase in domestically generated waste, Beijing’s objective is to avoid worsening China’…

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Moda Operandi receives $100 million in new capital

The company said it will use the funds to continue to invest in its core client experience, innovative shopping model, unique curation of fashion, fine jewelry, and home decor, as well as the data and technology systems that power the Moda platform. The new infusion brings Moda Operandi’s total equity capital raised to date to $345 million. In addition to NEA and Apax, the round received par…

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