Amazon has agreed to pay $2.7 billion to buy Reiss Media, a subsidiary of Reiss Group, for $1.9 billion.The transaction is expected to close in the first half of 2018.The deal will close Reiss’s sale of the newspaper chain in 2021.The announcement was made in a statement issued by Amazon on Wednesday.The statement said that […]
Reiss has a lot of things going for it these days.It has a large presence in its hometown of New York City, and it’s the official store of the J. Crew fashion label, which is now owned by American Apparel.It also has the most merchandise on sale at one time, with $7.9 billion in merchandise […]
The ‘big five’ of retailers are in the red, with sales in Canada falling for five straight quarters, a study released Wednesday finds.The Retail Industry and Trade Association (RITA), which compiled a list of the top five retailing categories in Canada, said sales of new goods fell in every category except new electronics and electronics […]
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