Uniqlo, H&M and Topshop are the three hottest prospects for retail leasing agents because the fast-fashion concepts are proven traffic drivers, according to Douglas Elliman Real Estate. Last month's factory collapse in Bangladesh that raised awareness about how and where our low-priced clothing is made spurred concerned talk among consumers, but the jury's still out on whether shoppers would pay more to improve factory conditions overseas.
Sony today is announcing a deal with Major League Baseball that will allow owners of the consumer-electronics giant's PlayStation 3 to stream live MLB games. The deal fits with the company's strategy to broaden the PS3's appeal beyond its gaming roots, according to Peter Dille, senior vice president of the PlayStation Network: "This is more than just a game console. This is a device that is redefining how content is being delivered to the living room."
Medium- and low-priced foreign retailers such as H&M, Mango and Uniqlo have been gaining a foothold in the U.S. as domestic brands struggle. Next up: TopShop opens in New York next week. View the slide show.
German retailer Metro is planning to open a chain of consumer-electronics locations throughout China in a bid to compete against Best Buy. Metro's Media Markt unit is joining forces with Foxconn Technology of Taiwan to open shop in Shanghai next year, the first of possibly hundreds of stores.
Online commerce declined for the first time in November, and e-retailers are expecting slower-than-usual sales for "Cyber Monday" today. Despite the drop, analysts say more shoppers are going online to compare deals, leading to a spike in traffic. "Online retailers have been resilient to the current economy, but they're not immune," said Ellen Davis, a spokeswoman for Shop.org