The New York-based apparel group behind DKNY, Donna Karan and Vilebrequin saw net sales rise 16% in Q1 2019, hitting a first quarter record of $611.7 million, compared to $529.0 million in the prior year period.
After top executives at both Walmart and Flipkart have assured that Flipkart’s board of directors will remain independent, the e-commerce site’s co-founder and CEO, Binny Bansal has revealed his plans moving forward.
International growth and “outstanding online momentum” fuelled fashion retailer Quiz in the year to March 31 as it enjoyed a further impressive performance with just about every measure rising in high double-digits.
Walmart said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April.
Global shipments of wearables grew 1.2% in Q1 2018 – snail’s pace progress when compared to the 18% growth reported this time last year –, as consumer preference shifts toward smarter devices and products diversify.
The Mumbai-based business GreenSole is working to increase its production of recycled shoes as it plans to set up skill centres across India to employ the rural population, the first one being in Jamshedpur.
Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, extending its reach into the second-hand watch market seen by some in the industry as a fast-growing business.