Workers from over 120 garment factories in Cambodia on Wednesday held a nationwide strike to demand a higher minimum wage. Cambodia's government initially approved an increase in the industry's minimum wage to $95 a month, well short of the workers' demand for $160.

A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.

While shoppers in the UK and the US spent more for the holidays this year, the profit margin for retailers remains in doubt due to steep discounts, the Financial Times reported.

Gift cards and shipping refunds were offered by Amazon.com Inc to appease its customers after UPS said it would not be able to deliver some packages by Christmas, Bloomberg reported.

In spite of the steep price cuts offered, consumers in the US did not do a lot of shopping in brick-and-mortar stores on the weekend before Christmas, Reuters reported.

A Dutch arbitration court on Friday ordered American luxury jewelry retailer Tiffany & Co. to pay Swiss watchmaker Swatch Group $449 million in damages over their failed 20-year joint venture.

Nine West, Anne Klein and Easy Spirit owner Jones Group have accepted the buyout offer from private equity company Sycamore Partners, The Dealbook reported.

After a cyber attack of its systems, Target Corp now has to deal with angry customers venting on social media, customer lawsuits and probes from state attorneys general, the Los Angeles Times reported.

Retailers are going to be ramping up efforts to lure buyers on the final weekend leading up to Christmas but shoppers intend to spend less, Reuters reported.

New York-based online eyeglasses company Warby Parker has scored $60 million in a Series C funding round from its existing investors to beef up its customer support team.