Despite investors' expectations of robust sales, big department stores reported disappointing sales figures for the holiday season, sending their share values tumbling.
As millions make the most of bargains, spending billions of dollars in just one day, here’s a quick look at the monster sale day that retailers and customers wait the whole year for.
A South African organisation called the Clothing Bank has persuaded retailers across the world to hand over their unsold merchandise as part of a programme to help unemployed women.
The deal will combine Britain's second and third-largest supermarket chains, giving the combined company 31.4 percent of the market.
Its a massive new trade route that promises to transform the economy. China's Belt and Road Initiative is so big, that it could have an impact on around one-third of global gross domestic product.
Nearly all the economic indicators of America's largest city look positive, but skyrocketing rentals have forced the closure of numerous shops and business from the well-known and to the smaller local businesses.
US arts and crafts retailer Hobby Lobby will also pay $3 million to settle a civil suit brought by the US government.
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