Australia’s biggest department store chain, Myer Holdings Ltd, cut its growth targets on Wednesday as it battles intensifying competition and a rebellion from its biggest shareholder, sending its shares sharply down.
Estee Lauder’s stock hit a record high after the cosmetics maker forecast holiday-quarter sales ahead of market expectations Wednesday, banking on demand for its acquired makeup brands that are popular with millennials.
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
India’s beauty cosmetics and grooming market will touch $35 billion from the present $6.5 by 2035, according to a joint survey by The Associated Chambers of Commerce & Industry of India (ASSOCHAM) and MRSSIndia.com.
Value Retail, the company behind some of the world’s most successful luxury outlet centres, has launched China’s largest mobile payment method Alipay to give its Chinese consumers an easy and safe way to make payments.
Debenhams profits dropped in the latest year but the big news was around its rebirth plan that includes a new designer signing, in-store gyms, soaring mobile sales, making its Danish chain a Scandi hub and much more.