Amazon.com on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at “Prime Day” promotions and bought groceries at its newly acquired chain of Whole Foods Market stores.
Amazon.com Inc sales jumped 34 percent in the third quarter and profit topped analysts' estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies.
Despite the implementation of the GST that followed demonetisation, the luxury watchmaker and jeweller Audemars Piguet has reported strong sales this quarter and remains optimistic for their South Asian business.
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.
Footwear and apparel major Woodland is looking to make inroads into the lucrative luxury segment in India with its sub brand Woods and expects the brand to contribute around 30 percent to its overall turnover.
Tata Group’s e-commerce arm Tata CliQ will enter into newer categories and also launch its own e-wallet in the coming year to drive the next phase of growth for the company, said a top company official.
India's leading digital platform MobiKwik has earmarked an investment on Rs 100 crore (approx $15.5 million) for the next year to complete KYC (Know Your Customer) compliance for over 2 crore customers.
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.
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.