Relatively few early-morning shoppers turned out on Black Friday to mark the start of the U.S. holiday shopping season, as more people shopped online and the traditional rush was split by stores opening the night before.
Bagir has announced it has reached an agreement to be acquired by Shangdong Ruyi Technology Group. The partnership is expected to help the company win major contracts from the world’s largest retailers.
Investors in British retailer Sports Direct will vote on whether to pay 11 million pounds to the brother of billionaire founder Mike Ashley - a move that could reignite tensions between shareholders and the board.
Shareholders of struggling Australian retailer Myer voted down executive pay proposals on Friday, in a revolt led by billionaire investor Solomon Lew pressuring the board to start delivering on its turnaround strategy.
UK households are their least confident since immediately after last year’s Brexit vote, partly because of this month’s interest rate hike and more signs of a slowdown in the housing market, a survey showed on Friday.
Shoppers splurged more than $1.52 billion online by Thanksgiving evening, up 16.8% over last year, and more bargain hunters turned up at stores this year as retailers opened their doors early on the eve of Black Friday.