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Apple has selected John Browett to be the company's new senior vice president of retail, replacing Ron Johnson, who left Apple in June 2011 to become CEO of J.C. Penney. So who is Apple's new retail head?

Apple, which lost its retail chief to J.C. Penney last year, hired the CEO of Britain’s top electronics chain to replace him and push an international expansion.

Apple Inc is hiring Dixons chief executive John Browett, who drove a recent turnaround at the UK electricals retailer, to lead the iPad maker's retail expansion.

Facing both a slew of regulatory developments and volatile capital markets, banks are seeing some parts of their traditional revenue model threatened. One solution: charge customers more fees, either by raising the price of existing fees, charge for services that used to be free, or offering new services at a cost.

Assuming the power to change the entire world economy is no small feat, but Etsy is doing just that. Created in 2005 by Rob Kalin, a painter, carpenter and photographer who found there was no practical marketplace in which to sell his handiwork, Etsy now boasts over 12 million active members, 1.5 million Twitter followers and $467.8 million in sales through November 2011. Etsy is the classic Little Engine That Could story. After all, Etsy was built not on a mountain, but on a molehill; s...

Hong Kong shares rose on Tuesday with the Hang Seng Index streaking to its best January since 1996, but further upside is expected to be capped going into earnings season after several profit warnings from mainland companies.

Europe's second-biggest electrical goods retailer Dixons Retail said on Tuesday that its chief executive was leaving the company to join the world's most valuable technology corporation, Apple, as senior vice president of retail.

German retail sales fell unexpectedly in December, suggesting Europe's debt crisis unsettled consumers during key Christmas trade, although economists said they expected the preliminary data to be revised upwards.

South Korean retailer E-Land Group confirmed on Tuesday it is part of a consortium that is among short-listed bidders in the auction for bankrupt Los Angeles Dodgers baseball team, a move that could help it expand further in the sportswear business.

Unseasonably warm weather across the United States forced many retailers to offer deeper-than-usual discounts to clear out coats, sweaters and boots in January, pointing to tepid sales in the typically slow post-holiday month.

The iPhone 5 is likely to have the feature of Near Field Communications (NFC), according to the latest report.

Amazon tablet Kindle Fire will help the company post record sales, according to Stifel Nicolaus analyst Jordan Rohan.

Apple, which was left upset by how the iPhone 4S launch party in Mainland China, was spoiled by scalpers, has set up a lottery system, for the iPhone fans in Hong Kong, aimed to keep the scalpers at bay.

Amazon.com is expected to report earnings Tuesday of 19 cents a share, down from 91 cents a share in the year earlier period, despite strong Kindle sales and a boom in e-commerce during the holiday season.

Carrefour , Europe's largest retailer, picked industry veteran Georges Plassat as its next boss, signaling key shareholders may back another attempt to fix its ailing hypermarkets rather than push for a break up.

U.S. First Lady Michelle Obama has given the sales of luxury lingerie brand Agent Provocateur a major boost, following a $50,000 luxury spending spree along with the Queen of Qatar Sheikha Mozah.

Carrefour named retail veteran Georges Plassat as its new chairman and chief executive on Monday, seeking to draw a line under months of turmoil at the world's second-largest retailer.

Foreign direct investment (FDI) in India is set to swell in coming years as investors stomach a lack of transparency, poor infrastructure, and policy paralysis in their search for growth, professional-services firm Ernst & Young (E&Y) said in a report.

The majority of real estate investment trusts (REITs) are expected to post positive earnings for the fourth quarter and fiscal year 2011 as rent growth continues, according to analysts.

Apple leadership has unveiled the tech-forward reward for Apple all employees, which number well over 60,000. Soon after announcing that in the holiday quarter, Apple has sold a record 37.04 million iPhones with a 128% growth compared to same period last year and 15.43 million iPad with a 11% increase, Apple CEO Tim Cook followed up by announcing in a town hall meeting that Apple will offer a total $750 discount on its products, which can be used once every three years.

Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt crisis suppress wage growth and economic activity.