2021

IKEA To Raise Prices By 9 Pct Globally

IKEA To Raise Prices By 9 Pct Globally

IKEA, the world’s biggest furniture retailer, is planning to raise prices on its products in 2022 as it struggles to manage ongoing supply chain issues.

Mastercard: US Holiday Sales Rose 8.5 Pct

Mastercard: US Holiday Sales Rose 8.5 Pct

U.S. retail sales increased by 8.5% during this year’s holiday season, primarily powered by growth in online shopping, Mastercard said Sunday. Online sales grew by

Selfridges Is Being Sold For $5B

Britain’s luxury store chain Selfridge’s is being acquired by a Thai retailer and an Austrian real estate company in a deal worth $5.37 billion. The

Tencent To Sell $16B Stake In JD.com

Tencent To Sell $16B Stake In JD.com

Tencent is reducing its stake in JD.com, the second-largest eCommerce company, as it seeks to adjust to Beijing’s crackdown on various tech companies’ growing influence.

Crocs To Acquire Heydude For $2.5B

Crocs To Acquire Heydude For $2.5B

Crocs is hoping to take advantage of the ongoing surge in demand for casual shoes with its acquisition of footwear brand Heydude. The footwear giant