In Germany, the Saturday before Christmas is traditionally the busiest shopping day of the year. About one-third of all gifts are books. For booksellers, this Saturday is the grand event.
Searching for bargains on Black Friday and Cyber Monday is quickly spreading across the globe as retailers are using what was once a truly American tradition for their advantage.
US retail giant Walmart has announced it will secure a majority stake in Indian online sales behemoth Flipkart. The planned transaction — a blockbuster takeover — marks the world's biggest e-commerce deal ever.
Chinese e-commerce firm Alibaba already ranks alongside Amazon and Walmart as one of the world's largest retailers. Its latest announcement of a major logistics investment and takeover shows the scale of its ambitions.
The world's largest online retailer recorded a near $2-billion profit in the fourth quarter. Strong sales for its Alexa, Prime and Cloud services as well as its Whole Foods chain drove the record result.
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