Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the ...

The sale comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid intensifying ...

The retail giant has not revealed which stores will close but notes the closures will happen post-holiday season.

Alibaba intends to sell Intime to a consortium comprising Youngor Fashion and members of Intime's management team. The deal, ...

The accounting practice, embraced by department stores in the 1920s, is outdated, skews key metrics and fosters bad decisions ...

ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm ...

Nostalgia really might be what it used to be after all, as not only has JCPenney been voted a readers' favorite but Lord & ...

Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by ...

Lord & Taylor is looking to reclaim its position in retail with a sweeping new strategy that will see it blend nostalgia with modernity. The iconic department store is launching a rebrand to ...