Canadian e-commerce giant Shopify announced on Thursday the acquisition of Deliverr Inc., a fulfillment technology provider, as part of a $2.1 billion deal.
Iconic Italian sportswear brand Lotto is making its way to South Korea this spring via a new partnership with Coupang, one of the largest e-commerce companies in Asia.
Italian luxury group Moncler said on Thursday it is confident it can meet analyst expectations that sales will reach 2.4 billion euros ($2.53 billion) this year despite a new round of lockdowns impacting sales in China.
Vitrolabs, the San Francisco-based sustainable leather producer, announced that it has raised 46 million dollars in funding. Bestseller and the Kering group as well as actor Leonardo Di Caprio are among the investors.
Maternity-wear brand Seraphine performed well in the year ended 3 April, despite “significantly more challenging market conditions”, the London-listed international online retailer said in its trading update Thursday.
The White Company’s holding company has filed its results for the year to the end of last July and said that turnover rose 21% year-on-year to £273.1 million.
Zalando is the latest company to scale back its expectations for 2022 after delivering a Q1 adjusted EBIT loss on Thursday. It also said shoppers are moving either upscale or towards value and away from the mid-market.
Many UK trading updates at the moment see retailers reporting weaker sales and reining-in expectations for the year. But Next’s update on Thursday did neither, even though sales guidance for 2022 overall is fairly muted.
Custom sneaker star Dominic Ciambrone, alias 'The Shoe Surgeon', has just inaugurated The SRGN Studios in South Downtown Los Angeles. A place dedicated to customization, masterclasses and basketball.
U.S. cosmetics giant Revlon Inc. announced on Wednesday an almost 8% uptick in net sales for the first quarter, helping the company post record operating income for three months ending March 31.
The Danish jewelry brand warned on Wednesday of the heightened uncertainty of its annual forecast, despite record-breaking first-quarter sales and slightly increasing its sales guidance.
First quarter sales at Italian fashion group Moncler jumped by 60%, driven by a strong performance in China that offset new Covid-19 restrictions, as well as a surge in U.S. and online sales.
In Q1 2022, the Italian eyewear group recorded net sales of €282.6 million, up by 8.4% at constant rates. Gross income was on the rise too, up by 23%, as were gross margin, at 55%, and adjusted EBITDA, at 11.3%.
Financier Klarna is to begin reporting its customers to credit agencies from June, ahead of a crackdown affecting the growing buy-now-pay-later (BNPL) industry.
Cheery news for London retail. After the pandemic starved the capital of overseas tourists, they’re now expected to flock back, according to a new report.
