Zalando is on a roll with the e-tail giant reporting a sales surge just a day after UK peer Asos did so. And it’s following Asos into beauty e-tail as it aims to tap into one of the key growth categories for e-sales.
Destination Maternity's interim CEO updated shareholders with company developments which include an expanded ecommerce business up 30% in comp sales over last year and a forecasted $10-11M saving for next fiscal year.
Chinese private equity firm Hony Capital said on Tuesday it has agreed to buy a third of fashion brand Mr & Mrs Italy’s owner Duemmei, marking its first investment in the luxury industry amid a recovery in the sector.
Hong Kong-based garment supplier Crystal International's IPO has attracted investment from fashion giants including Uniqlo's parent company Fast Retailing Co. and Victoria's Secret's parent company L Brands Inc.
Retailers hoping to put themselves up for sale are in for a long winter. Take Nordstrom. With large insider stakes and growing revenue, the $6.7 billion department-store chain was a prime candidate for a buyout.
This close to India's glittering festive season, the cash register at Neha Tandon's clothes store should be working overtime as revellers snap up elegant sarees for Diwali celebrations and lavish wedding parties.
After all the speculation over just how good the Asos final results would be, on Tuesday we found out. They were good, really good. Revenues up 33% and pre-tax profit up 145% certainly lived up to expectations and more.
Procter & Gamble Co said on Monday that activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company’s board by 6.15 million votes, according to its preliminary tally.