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Alibaba raises $21.8bn after record-breaking share price revealed

19 September | 06:57 AM | My-Retail Media | My-Retail Media

Alibaba Group has finally priced its initial public offering (IPO), and it's every bit the ground-breaking figure that analysts were expecting. Shares will cost USD 68 each, raising USD 21.8 billion. At that price, the Chinese e-commerce giant will have a market valuation of USD 167.6 billion – much more than Walt Disney Co, or even Boeing Co. The offering has leapfrogged the business past its US-based rivals, Amazon and eBay.


Cybersource - Payment Management

young boy - stripe t-shirt

Fast Retailing's Uniqlo plans expansion of kids' wear line

Fast Retailing's Uniqlo casualwear brand said on Friday it would expand the range of items in its kids' and babies' collection by 50 percent, aiming to bring it on par with its men's and women's lines. Spain's Inditex, which owns the Zara chain, Sweden's Hennes & Mauritz and Gap Stores Inc already offer a full line of children's clothes.

Scotland flag

BBC and Sky News call a No vote in the Scottish independence referendum before dawn breaks

The UK’s main news broadcasters BBC News and Sky News called the Scottish independence for the No side at around 5am on the morning of 19 September. At the time of calling, 24 out of 32 results had been declared with No sitting at 1,305,388 million votes and Yes 1,102,788 million votes. Better Together needed to take another 517,554 votes to secure victory.

Amazon logo

Amazon rolls out new tablets and e-readers

AMAZON ramped up its push into hardware yesterday, with the debut of six new or upgraded mobile devices, including a high-end £169 e-reader called the Kindle Voyage and its cheapest-ever six-inch touch-screen Fire tablet starting at just £79. The online retail giant also revamped its basic Kindle e-reader to include a touch screen at just £59.

My Tube: David Gandy for Marks and Spencer - Autograph 2014
David Gandy for Marks and Spencer - Autograph 2014
Cybersource - Payment Management

Retail Parks 109

Canary Wharf’s shopping malls boost Songbird

SONGBIRD Estates, the listed property giant behind London’s Canary Wharf Group, said the value of its shopping centres had reached a record £1bn in the first half of the year as the company pushed ahead with a new mall above its planned Crossrail station. The company is building 115,000 square feet of retail space above the new Canary Wharf Crossrail station and has already secured 90 per cent of lettings ahead of its launch in May, three years before the stat­ion’s opening.


Home Depot breach bigger than Target at 56 million cards

Home Depot Inc Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp. Home Depot, in providing the first clues to how much the breach would cost, said that so far it has estimated costs of $62 million. But it indicated that costs could reach much higher.


H&M and the ILO new partnership aims to further strengthen the sustainability work in H&M’s supply chain

The new partnership will address industrial relations, wages, capacity building for social partners and skills development. Stockholm, Sweden, 2014-9-17— /EPR Retail News/ — The cooperation between H&M and the ILO dates back to 2001, when H&M joined the ILO Better Factories programme in Cambodia.

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