Next's Christmas trading update Wednesday painted a picture of a company that's recovering, but only very slowly, and one that still faces huge challenges, especially in driving growth at its physical stores.
Amazon Prime accounted for half of all holiday sales during 2017, a 38% jump over last year, outpacing total e-commerce sales, up 18% for the season. Amazon also announced it had shipped 5 billion Prime items in 2017.
Forever 21 has released the results of its investigation into the payment card security incident reported in October 2017, revealing a range of breaches including the presence of malware on some point-of-sale devices.
Investment company Eurazeo has entered into exclusive negotiations in order to acquire 70 percent of the capital of the management firm Idinvest, a move that could see the business double its portfolio.