Inditex SA, the world’s largest clothing retailer, reported first-quarter profit that topped analysts’ estimates as the Zara owner kept a rein on expansion costs by relying more heavily on e-commerce for growth.
China’s Internet sales are surging as Alibaba Group Holding Ltd. and rivals lure more of the nation’s 618 million users to shop online, suggesting conventional retail-sales figures understate the strength of consumer demand.
The man accused of the Colorado movie-theater shooting amassed his ammunition stockpile with help from a 26-year-old law the National Rifle Association hailed at the time as its “greatest legislative milestone.”
Chinese companies making their U.S. stock-market debuts in the past year have rewarded their buyers with the best returns among global peers, fueled by demand for Internet and e-commerce shares from Asia’s biggest economy.
U.S. House Speaker John Boehner said he “probably” won’t support legislation to let states require out-of-state Internet retailers to collect sales taxes, saying it would be too cumbersome to implement.
Mercedes-Benz plans to double its downtown sales outlets worldwide by 2020 to serve the boom in city living with retailing that offers more technological wizardry and tasty treats than car models in showrooms.