China's largest business-to-consumer website 360buy.com said on Friday it has raised a whopping $1.5 billion from a diverse group of investors in its latest round of financing, in preparation for an initial public offering in 2013.
Hennes & Mauritz, the world's No.2 fashion retailer, missed first-quarter profit and sales forecasts, raising doubts over its strategy of holding prices despite rising cotton costs and currency headwinds.
Wal-Mart Canada said on Wednesday it plans open three more supercenters in the province of Quebec this year, the latest move by the behemoth to get ahead of U.S. rival Target before Target opens its doors in Canada.
Proposed changes to European rules on product returns could cost online retailers 10 billion euros ($14 billion) a year, denting growth and leading to higher prices for consumers, an industry body warned on Thursday.
Laura Ashley's full-year pretax profit almost doubled on online growth, improved sales from retail stores and the franchise business, but the British fashion and homewares retailer said its performance had been declining since February.
Itailian fashion trade show organiser Pitti Imagine is going to be welcoming Californian brands into its next edition. From June 14th to 17th, ‘Band of Outsiders’ and ‘Roadarte’ will be presenting their collections at the Pitti Uomo and Pitti W events respectively.