Luxury retail giant Kering has announced plans to distribute a majority stake in sportswear brand Puma among shareholders, moving instead to focus on higher margin brands like Gucci and Stella McCartney. Kering plans to keep just a 16 per cent stake in Puma, offloading 70 per cent, as well a 29 per cent stake in Artemis, the holding company with a 40.9 per cent stake in Kering
Deena M. Amato-McCoy For many customers, the ideal digital “store of the future” will streamline payments and make it easier to pick up purchases. read more
“I don't think buying Whole Foods is going to make it easier for Amazon to fulfill its objectives,” the billionaire investor says.
From January retailers will no longer be allowed to ask for a surcharge on payments when using debit or credit cards, the government announced this morning.
Marianne Wilson Walmart continues to explore new ways to make it easier for customers to pick up goods purchased online. read more