Value Retail, the company behind some of the world’s most successful luxury outlet centres, has launched China’s largest mobile payment method Alipay to give its Chinese consumers an easy and safe way to make payments.
With Interparfums recording an 18.8% jump in revenues for the first nine months of the year, totalling 324 million euros, the fragrance company expects 2017 revenues to range between 400 and 405 million euros.
Nike Inc said on Wednesday it expects earnings per share to grow in the mid-teens over the next five years, driven by online sales and new product categories, sending its shares up by about three percent.
Direct sales company Lularoe is facing a class action brought by former sales reps in California who are suing the company for antitrust violations under RICO, the Racketeer Influenced and Corrupt Organizations Act.
The luxury down jacket and apparel maker recorded a 15% jumped in revenues, close to 737 million euros for the first nine months of the year, seeing growth within all global markets and across all retail networks.
Worldwide sales of luxury goods such as high-end handbags, shoes and jewellery are growing faster than expected this year thanks to thriving demand from Chinese customers and young shoppers, according to Bain & Co.
Brazil’s biggest apparel retailer beat third-quarter profit estimates on Tuesday as a strong performance by its credit business and healthy sales at existing stores more than offset rising operational costs.
In the hope of regaining market relevance, Avon's President, Miguel Fernandez, has directed the company to invest $120m to improve product, make technological updates, and to train its sales people to perform better.
French online fashion retailer Showroomprive reported a 28 percent rise in third-quarter revenue on Tuesday and predicted a similar increase for the full year to around 690 million euros (618.30 million pounds).