Amazon India has claimed it outperformed Flipkart in the fashion segment for the October & November period, claiming it was the fasting growing marketplace in the country for 2017, according to a top company official.
US styling service Stitch Fix reported stronger-than-expected quarterly earnings on Tuesday, despite a 71% decline on last year. It was the first financial report since its $120 million IPO launch at the end of November.
Victoria Beckham’s brand may have lost over £8m last year but the firm is upbeat and said in accounts filed this week that it “continued to perform well in all its markets, despite a difficult trading environment”.
Voonik has reported a strong response to the childrenswear collection they first launched online on November 14 and hopes it will continue to drive growth for the business with the addition of ethnic wear.
Koovs reported a better set of results for the first half as it sold more full-price product and boosted brand awareness. But profits remain elusive and the company must close a funding round to generate marketing cash.
Indian organic beauty care brand Divine Organics is planning to enter newer markets for growth next year and has set a target of Rs 100 crore (approx $15.6 million) in revenue over the next three years.
Chinese social media firm Tencent and e-tail platform JD.com on Monday said they will jointly invest $863 million in Chinese discount online retailer Vipshop Holdings Ltd, upping its rivalry in retail with Alibaba Group.
Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart's fedora in "Casablanca" and Harrison Ford's lucky headgear in the "Indiana Jones" movies, was declared bankrupt on Monday, a trade union said.
The Colgate-Palmolive Company announced it has acquired two professional-quality skincare brands, PCA Skin and EltaMD, in two separate transactions, as part of its strategy to build its global personal care business.