Britain’s competition regulator is launching an in-depth investigation into Amazon.com Inc’s purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.
U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.
U.S. shoppers made more purchases online on Black Friday than in the mall - hurting traffic and sales at physical stores, according to data that offered insight into one of the busiest shopping days of the year.
Popular items such as apparel and accessories are likely to face a 15% tariff in a new round scheduled for Dec. 15, meaning prices could lift on these items and more ahead of the all-important holiday season.
The U.S. holiday shopping period may heighten Wall Street's perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.