Uniqlo has just announced that it will this year open in giant rival H&M’s backyard with a debut in Sweden. It will actually be its first entry in the Nordics region and will start with a store in key market Stockholm.
A group of engineering students from Kanpur managed to trick a number of India’s largest fashion e-commerce retailers including Flipkart and Myntra into paying refunds for fraudulent stock, exposing the returns problem.
Burberry had a good Christmas quarter even though its comp sales rise fell short of analysts' predictions. Its fashion offer outperformed while digital continued to rise and top-spending shoppers returned to the fold.
Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its CEO said.
The Swiss watch brand is showing off its latest innovation, the "RM 07-01 Gem-Set Black Ceramic" at the Salon International de la Haute Horlogerie (SIHH) luxury watch show, which opened Monday, January 15 in Geneva.
German fashion house Hugo Boss reported a 5 percent increase in currency-adjusted sales in the fourth-quarter, driven by a rebound in growth at its own stores, a jump in online sales and a recovery in the United States.