Chinese mobile payment platform Alipay on Wednesday launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its ambition of widening currency payment options.
PVH Corp reported $2 billion in revenue for the first quarter, buoyed by its two fashion flagship labels, but net income took a dramatic dive, due to various one-off expenses, including relocating Tommy Hilfiger's NY HQ.
Cotton On Group has become the top performing fashion retailer of 2017 in Australia, says the ethical fashion report by Baptist World Aid (BWA) which grades companies on transparent and eco-friendly working conditions.
While some chains struggle in the Australian market, Inditex’s Zara is committed to the country and is seeing its operations growing but profit has fallen. The chain saw higher sales last year as it opened new stores.
It may only have been a 0.7% rise but an uplift in Japanese department store comparable sales during April was welcome nonetheless. It was the first increase in 14 months but came alongside a dip in clothing sales.
Tiffany & Co reported lower-than-expected quarterly sales and a surprise drop in comparable sales, underscoring the jeweler's struggles with a strong dollar that has crimped tourist spending and weak demand at home.