Alphabet on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time that its Cloud unit is losing $5.6 billion a year.
Amazon on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported a third consecutive record profit and quarterly sales above $100 billion for the first time.
China's Alibaba Group Holding Ltd beat Wall Street estimates for third-quarter revenue on Tuesday, as its e-commerce business benefited from a switch to online shopping triggered by the COVID-19 pandemic.
Fast Retailing announced another same-store sales increase for its Japanese Uniqlo operation on Tuesday with comparable sales (including online) rising 2% year-on-year. Meanwhile, total sales rose 1.8%.
Sales at Salvatore Ferragamo fell by 20% in the fourth quarter, broadly in line with expectations, as new lockdowns in Europe to fight a resurgence of COVID-19 more than offset a strong rebound in China.
Amazon's bid to stall Future Group's $3.4 billion retail assets sale is similar to Alexander the Great's "ruthless ambition to scorch the earth", the Indian group's CEO Kishore Biyani said in an internal staff memo.
One brand that appeared to be gathering momentum is the house of Alaïa, which profited from haute couture week in Paris to present its latest ideas, many mined very literally from the house's unique archives.
SMCP's full year and final quarter continued to be impacted by lockdowns around the world that drove sales downwards. But digital strength, new stores and a nascent recovery in China are reasons to be cheerful.