PayPal takes aim at Klarna with 'Pay in 3' service for UK shoppers

PayPal is launching a "buy now, pay later" service in the U.K. that lets shoppers finance their purchases over three interest-free monthly instalments. The company is taking on the likes of Sweden's Klarna and Australia's Afterpay, whose point-of-sale loans have increased in popularity recently. It's signed up a number of British retailers to offer the […]

Here's what not to buy on Amazon Prime Day

You've probably heard a lot about the best deals on Amazon Prime Day. Here are the items you might want to hold off on purchasing until the holidays. You've probably heard a lot about the best deals on Amazon Prime Day, which started early Tuesday and runs through 3 a.m. ET Wednesday. There are also […]

Billionaire Chuck Feeney achieves goal of giving away his fortune

Chuck Feeney has achieved his lifetime ambition: giving away his $8bn (£6bn) fortune while he is still around to see the impact it has made. For the past 38 years, Feeney, an Irish American who made billions from a duty-free shopping empire, has been making endowments to charities and universities across the world with the […]

UK retailers hit by first weekly fall in shoppers since Covid lockdown

UK shopping destinations have recorded the first weekly drop in visitor numbers since lockdown in late April, as the end of the summer holidays and reopening of schools deterred consumers from visiting high streets. As concerns mount over a second wave in coronavirus infections, footfall at retail destinations across Britain fell by 6.3% last week […]

Peloton announces more expensive bike, cheaper treadmill

The company's new Bike+ will cost $2,495 and will be available Wednesday.  The original Peloton bike's price will drop to $1,895 from $2,245.  "We feel like we're just getting started," Peloton CEO John Foley said.  Peloton announced a slew of new equipment launches on Tuesday, including a lower-priced, high-tech treadmill and a more expensive bike […]

Primark says UK market share has risen after Covid lockdown

The budget clothing chain Primark has said its UK market share has increased after customers flocked back since it reopened all its stores, with trading better than expected. Primark, owned by Associated British Foods, said customer spending on clothes, footwear and accessories had been recovering since hitting a low point in April during the Covid-19 […]

China offers glimpse into post-coronavirus retail industry, Bain report says

Three Chinese e-commerce giants — Alibaba, and Pinduoduo — now rank among the top 10 retailers worldwide, according to Bain. "What's happening in China today is going to happen in other markets to a lesser or greater degree depending on the market," Kanaiya Parekh, expert partner, Hong Kong, at Bain, said in a phone interview. […]

Diageo to buy Ryan Reynolds-backed Aviation Gin for $610 million

Diageo is paying up to $610 million for Aviation American Gin, co-owned by Hollywood actor Ryan Reynolds, and a clutch of other spirits brands, adding to a gin portfolio that already includes Tanqueray and Gordon's. Diageo isn't new to acquiring brands linked to Hollywood celebrities, having in 2017 paid $1 billion to acquire the super-premium […]

Adverts for jobs related to internet sales surge by 46% in early August

A surge in demand for people to work in sectors closely associated with internet shopping is behind a rise in online job adverts, according to official figures. Notices for roles in transport, logistics and warehousing pushed the total number of online job adverts last week to 62% of its 2019 average from 53% in the […]