Walmart is acquiring the online men’s clothing company Bonobos for $310 million
Retail giant Walmart announced that it is acquiring Bonobos, an online-only men’s clothing company, for $310 million.
The acquisition is part of the company’s plan...
‘Purposeful leadership’ makes for a happier, more productive workforce
New research concludes that workforces are happier and more productive in organizations that display "purposeful leadership."
The study was conducted for the CIPD, a professional...
Amazon to acquire Whole Foods for $13.7bn
Amazon has agreed to acquire upmarket grocer Whole Foods for $13.7bn in an all-cash transaction, making it the online retail giant’s largest acquisition ever.
The...
Nestle is considering selling its US confectionary business
Nestle is considering selling its US confectionary business, which includes the Butterfinger, Baby Ruth and Crunch chocolate bar brands.
The company’s US confectionary business generated...
Wearable technology market projected to more than triple to $51.6bn by 2022
The global market for wearable technology is expected to more than triple between 2016 and 2022 to reach US$51.60 billion at an annual compound...
UK wages dropped by 0.6% in real terms in the three months to April
UK wages dropped by 0.6% in real terms in the three months to April as inflation continues to take a toll on British households,...
US retail sales dropped by 0.3% in May
Retail sales in the US dropped by 0.3% in May, the steepest dip in 16 months.
Advance estimates of US retail and food services sales...
British consumer spending dropped at annual rate of 0.8% in May
British consumer spending dropped at an annual 0.8 per cent in May after adjusting for inflation, the first decline since September 2013, according to...
Chile and other countries in Latin America pressing ahead with renewable energy sources
Chile, along with other Latin American countries, is pressing ahead with ambitious plans to shift its electricity supply away from fossil fuels toward greater...
2-D magnet discovered by scientists
A 2-D magnet has been discovered by scientists from MIT (Massachusetts Institute of Technology) and the University of Washington, both in the United States....