Retail

Can the New CEO Save Macy's?

The new chief executive of Macy's Inc. says he knows what ails the struggling department-store chain: A "sea of sameness" that characterizes too much of what it sells today.

Diamond Group De Beers Buys Out Retail Partner LVMH

Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.

Hotel Booking Platform HotelTonight Raises $37M

Last-minute U.S. hotel booking app HotelTonight said on Wednesday it raised $37 million in a funding round as it seeks to expand its international hotel network and invest in marketing campaigns.

Marriott to Add Up to 300K Rooms by 2019

Marriott International said on Tuesday it planned to add up to 300,000 rooms worldwide by 2019, as part of a three-year growth plan, ahead of the No. 1 hotel chain's investor day.