The governor of the Bank of England has criticised the use of the Retail Prices Index (RPI) for its “known errors” and that it would be better to focus on a single measure of inflation. During a hearing in the House of Lords today, Mark Carney urged the government to scrap the use of RPI on future contracts. The RPI is used to determine rail fare costs, interest rates on student loans and to calculate returns on index-linked gilts
Shopping centre operator Hammerson saw a 0.4 per cent year-on-year increase in footfall across its UK shopping centres in 2017, outperforming the industry benchmark which saw a drop of 2.8 per cent.
Ebay posted a loss for the key holiday quarter on Wednesday as it booked a $3.1 billion charge from the recent changes in U.S. tax laws.
Lowe's will follow rival Home Depot in giving thousands of employees a bonus of up to $1,000 due to new tax legislation.
Amazon has enlisted an eclectic mix of celebrities — including founder Jeff Bezos — to star in its Super Bowl commercial for virtual-assistant Alexa.
Sears Holdings has trimmed its corporate workforce.
The nation’s largest supermarket retailer is outfitting more stores with technology designed to eliminate checkout lanes.
The Bon-Ton Stores is moving ahead with its plans to reduce its store footprint.
Swarovski has opened a flagship in New York City’s Times Square.
Bon-Ton is closing more than 100 stores. Here's a map of where they are.