A majority of retail executives are optimistic about the 5-year outlook for the US fashion industry, however, the percentage has fallen from 92.3 per cent in 2016 to 71 per cent in 2017, as per a recent study.
A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked by a British court on Friday.
Fur farms will be illegal in the Czech Republic from 2019, after the senate passed an amendment to the animal rights law. Countries such as Britain, the Netherlands and Switzerland have already outlawed the practice.
As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source.
U.S.-based payment card companies, including AmEx, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter.
Sunny weather and markdowns helped British retail sales rise more strongly than expected in June and shake off a gloomier start to the year, with fashion making up for shortfalls in other sectors, official figures showed.