Retail

Apple App Store took US$1.42 billion in a week

Apple App Store customers spent a record US$1.42 billion between Christmas Eve and New Year’s Eve. Then, the App Store brought in a single-day sales record of US$386 million on New Year’s Day.

Smartphone sales soar as iPhone purchases tank

Europe is now the king of smartphone sales with a record 8% increase in shipments in the third quarter, year on year, which was higher than the 6% increase occurring in the Asia/Pacific region.

Tiffany & Co. reportedly bought by LVMH

The boards of luxury goods multinational conglomerate LVMH and New York based Tiffany & Co. were meeting on Sunday to finalise a deal that would value the jewellers at US$16.7 billion.

Victoria’s Secret Fashion Show scrapped

The Victoria's Secret Fashion Show was known for its elaborate costumed lingerie, music by leading singers and the world's most stunning models. However the brand has been mired in controversy in recent years and is losing sales fast.