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.”
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.
Adidas AG aims to reach 500 million euros ($687 million) in Internet sales, which are currently growing faster than 10 percent per year, Welt newspaper said, citing comments by Chief Executive Officer Herbert Hainer.
Coolpad Group Ltd. is counting on its new online store to help sell 20 million smartphones this year and push the Chinese company past Lenovo Group Ltd. as the No. 2 seller in the biggest wireless market.