US online travel operator Expedia announced plans Thursday to buy rival Orbitz Worldwide for about $1.6 billion, in a move that further consolidates the sector. Expedia will pay $12 in cash for each Orbitz share, in the takeover approved by the companies' boards of directors. Dara Khosrowshahi, Expedia’s chief executive, said the deal is part of a strategy “to own and power the very best travel ...
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Festive retail footfall stumbles nearly 5% as online shopping keeps consumers indoors and bad weather blows away hopes of last-minute spree Retailers hoping for a steady boost from bargain hunters were disappointed on Friday when a strong start to the post Christmas sales went into reverse. The number of shoppers out and about slid 4.7% across the UK compared to the same day last year, according ...
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While 2013 will be a tough year for retailers due to the tepid economic recovery, a few in particular face a critical 12 months. Their experiences highlight the challenges facing store chains, from increasingly ...
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