Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
business-growth
Financial Markets
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Luxury
Op-Ed | The Great British Luxury Paradox
Compared to companies in France, Italy and Germany, only a few luxury brands from Britain have scaled up to become global powerhouses, but there's potential for more, argues Michael Ward.
Op-Ed | The Great British Luxury Paradox
Compared to companies in France, Italy and Germany, only a few luxury brands from Britain have scaled up to become global powerhouses, but there's potential for more, argues Michael Ward.
Retail
Wal-Mart Says Tech Investments Will Boost Online Sales
Wal-Mart executives touted the technology investments the retailer is making to boost online sales, during the annual shareholder meeting.
Wal-Mart Says Tech Investments Will Boost Online Sales
Wal-Mart executives touted the technology investments the retailer is making to boost online sales, during the annual shareholder meeting.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Financial Markets
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Financial Markets
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Retail
Canadian Retailer Hudson's Bay to Open Stores in Netherlands
Canadian retailer Hudson's Bay Company says it plans to open up to 20 new stores in the Netherlands over the next two years, creating thousands of new jobs in a nation recently hit by the closure of a major chain of stores.
Canadian Retailer Hudson's Bay to Open Stores in Netherlands
Canadian retailer Hudson's Bay Company says it plans to open up to 20 new stores in the Netherlands over the next two years, creating thousands of new jobs in a nation recently hit by the closure of a major chain of stores.
Financial Markets
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Technology
E-Commerce Company JD.com's Revenue Jumps 47 Percent
JD.com Inc, China's No.2 e-commerce company, has reported a 47 percent rise in revenue, as sales on its platforms surged.
E-Commerce Company JD.com's Revenue Jumps 47 Percent
JD.com Inc, China's No.2 e-commerce company, has reported a 47 percent rise in revenue, as sales on its platforms surged.
Technology
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Technology
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Financial Markets
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
The News in Brief
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Exclusive: Akt London Enters Sephora
The UK label will roll out its hero deodorant to Sephora US doors and launch its full assortment online as the LVMH-owned retailer expands its body care offering.
Zalando Forecasts 2026 Profit Jump Driven by AI Boost
The European retailer forecast a rise in full-year adjusted operating profit and announced a share buyback, citing the productivity and cost-saving benefits of AI.
Lululemon Founder Warns CEO Candidates That Board Needs Overhaul
Chip Wilson wrote an open letter to potential candidates for the activewear brand’s next chief executive warning them of problems at the company.