New York City is the best city for shopping in the world, according to a report by Expedia.co.uk, followed by Berlin and Los Angeles. While New York has long been a retail hub, the Expedia study, “The World’s 25 Best Shopping Cities,” also contains a few surprises — Kuala Lumpur (Malaysia), for example, is ranked No. 5. [Expedia.co.uk]
In an effort to control cost, Aeropostale is reducing its corporate headcount by 13% and CEO Julian Geiger is relinquishing one million stock options that will be doled out to others for retention purposes.