UK’s Made.com in talks with potential suitors about a sale

Oct 4 (Reuters) – British online furniture retailer Made.com (MADE.L) said on Tuesday it has started talks with a number of interested parties for a potential sale of the company, with bids expected by the middle of the month. The retailer, currently valued at about 13.2 million pounds ($15 million), started laying off staff last … Read more

TikTok to partner with TalkShopLive for US live shopping, Financial Times reports

Oct 1 (Reuters) – TikTok is due to enter a partnership with Los Angeles-based TalkShopLive to launch its live shopping platform in North America by outsourcing its operations, the Financial Times reported on Saturday citing two people familiar with the operations. The companies are still finalizing the arrangements, the FT report said, adding that no … Read more

Factbox: US companies brace for Hurricane Ian

Sept 28 (Reuters) – Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Ian has strengthened into an extremely dangerous Category 4 storm, with maximum sustained winds of 155 miles per hour (250 km per hour), the Miami-based National … Read more

France sets a minimum delivery fee for online book sales to help independent stores compete

Books are displayed on a table at “La Librairie du Canal” bookstore in Paris as French lawmakers voted a draft bill aiming at stopping Amazon from offering free delivery for books and at protecting traditional bookshops from competition, France, October 21, 2021. REUTERS/ Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register PARIS, … Read more

Hiring, expansions: Indian businesses gear up for festive sales free of COVID curbs

Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Sept 19 (Reuters) – Indian companies are hiring thousands of temporary workers, expanding to smaller cities and launching new products as the country prepares to celebrate its peak festive season without COVID restrictions for the first time in three years. Many people in the … Read more

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 16 (Reuters) – Amazon (AMZN.O) may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue. In July the US online retailer said it would … Read more

Global cargo market sags as softer economy points to gloomy Christmas

Register now for FREE unlimited access to Reuters.com Register SYDNEY/BENGALURU, Sept 16 (Reuters) – Global trade bellwethers like FedEx and Cathay Pacific Airways (0293.HK) have cast a pall over the year-end holiday shopping season – the business slowdown they’re seeing points to weaker-than- expected consumer demand, not a Christmas bonanza. The gloomy outlook comes as … Read more

FedEx flags hit from economic slowdown, shares tumble 15%

FedEx workers sort packages in Manhattan, New York City, US, May 9, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – FedEx Corp said on Thursday its fiscal first-quarter results were hit by global volume softness that accelerated at the end of the period, and withdrew its financial … Read more

Queen’s death won’t further weaken the retail market, says John Lewis boss

People walk past a temporarily closed John Lewis department store on Oxford Street in London, Britain, March 24, 2021. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 15 (Reuters) – The boss of Britain’s John Lewis Partnership said on Thursday she did not think the death of Queen Elizabeth would … Read more

Quick-thinking online sellers see royal memorabilia sales soar

View of LulaandGray’s wooden Queen Elizabeth tokens displayed in Macclesfield, Britain in this undated handout image. Courtesy of Laura Sheldon/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 12 (Reuters) – Laura Sheldon, 36, co-owner of the LulaandGray store on Etsy.com, had a busy weekend, fulfilling dozens of orders for … Read more