German e-commerce retailer Zalando has launched its online shopping club Zalando Privé in Spain, giving shoppers access to private sales that will offer up to 75% off on styles from over 2,500 selected brands.
Costco Wholesale Corp’s gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.
Soap and cosmetics maker PZ Cussons warned on Thursday it was facing weaker consumer demand across its main markets, with its dominant African business hampered by a weakened economy and currency in Nigeria.
Adidas has confirmed that it is looking into accusations against designer Gosha Rubchinskiy after screenshots of a conversation between the designer and an underage boy were alleged to show inappropriate conduct.
L Brands, owner of Victoria's Secret, has announced that it will sell a 100% stake in lingerie brand La Senza to an affiliate of private equity firm Regent LP. The transaction is expected to be completed in January.