Warnings have come from several large US retailers that local companies may be "decimated" by Alibaba, unless online retail tax loopholes are closed by Congress.
The famous London toy store, Hamleys, is planning to open stores in the US for the first time and is searching for stores in major airports and cities.
An announcement has been made by Deutsche Asset & Wealth Management that their real estate investment division has acquired the site of "PalaisQuartier" in Frankfurt am Main.
Galerio INNO, the Belgian department store chain of Galeria Kaufhof GmbH, is planning to open a brand-new department store to be located in the fashion city of Hasselt, in the Limburg region.
Online retailers were preparing to get their fair share of sales with Cyber Monday deals, but they were surprised to discover that Black Friday had enticed a large number of online shoppers.
According to North American Properties, customers are moving away from traditional malls and looking for new experiences and if this is what they are after, retailers have to offer it.
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