Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India (CCI) said in a ruling late on Tuesday.
Michael Kors undershot analysts’ revenue estimates for the first time in almost two years in Q2, as the luxury fashion firm saw lower sales at retail stores in Europe, where it’s trying to boost its performance.
Primark's full-year results showed it bucking the market trend but not immune to it. Its sales and profits rose but like-for-like sales fell. However, the UK, Europe and US all proved strong in the circumstances.
Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
Ralph Lauren returned to growth in North America in its second fiscal quarter as a strategy to intensify marketing on social media bore fruit, also helping the upscale fashion group top estimates on Tuesday.
The online marketplace Meesho has raised $50 million in a new round of funding, only five months after its last round. The business will use the investment to work on products and its technology team.
Sales of gold and jewellery for the Dhanteras festival this year are predicted to have fallen flat due to lowered rural demand, the chairman of the All India Gem and Jewellery Domestic Council said on Tuesday.
Higher prices, lending curbs and a move to online shopping are denting the cheer for Indian retailers at this year’s Diwali festival, with lackluster sales for high-end items ranging from iPhones to cars and even gold.
Jewellery maker Pandora slashed its 2018 sales outlook for the second consecutive quarter after posting disappointing profits on Tuesday, saying it will review its strategy as it struggles to regain investor confidence.
The German fashion house expects a significant improvement in sales and earnings in the fourth quarter after higher markdowns to shift unsold stock in an unseasonally long summer dented profits in the last three months.
Multi-brand retail chain V-Mart saw its net loss mount to Rs 4 crore (approx $0.6 million) for the second quarter ended September 2018 as compared to Rs 2.74 crore it had posted in the July-September period a year ago.