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Best Buy turns to third-party sellers to boost online presence
MINNEAPOLIS — Best Buy has joined the likes of Amazon and eBay with the launch of its own third-party shopping destination. The move comes as Best Buy looks to grow its online business as it struggles to maintain leadership of a saturated consumer electronics market.
According to Best Buy, Best Buy Marketplace will increase the company's online product assortment by one third in time for holiday shopping.
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Gap Inc. opens first Banana Republic store in Russia
MOSCOW — Gap Inc. announced that it has opened its first Banana Republic store in Russia through its franchise channel. The company also announced that it will open its first Gap store in Serbia on Friday. This store will represent the company’s 200th franchise store globally.