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ASOS posts 15% YoY sales decline in fourth quarter FY23

UK-based online fashion and cosmetic retailer ASOS has reported that its sales declined 15% year-on-year (YoY) in the fourth period …

Amazon and Anthropic partner for safer AI

In a joint press release, Amazon and Anthropic have revealed their strategic collaboration aimed at advancing the development of Anthropic's …

Stockmann evaluates strategic alternatives for department stores

Finland-based retailer Stockmann is exploring strategic alternatives for its department stores business and considering a name change to Lindex. In late …

B Riley agrees to acquire 3.7 million bebe shares for $18.5m

Diversified financial services platform B Riley has entered an agreement to increase its investment in women’s clothing and accessories retailer …

Retailers must offer video chat to satisfy UK consumers

A new survey by retail solutions provider Stellar Global has shed light on the increasing significance of video chat in …