Amazon on Thursday beat Wall Street's estimates for second-quarter revenue as coronavirus-driven lockdowns pushed more people to shop for groceries and other essential and non-essential items on its platform.
Fashion giant Benetton said Thursday that 2019 was an important milestone in its relaunch as its “economic-financial indicators show significant recovery and a reduction in losses compared to previous years”.
PayPal reported an 86% jump in Q2 profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic. Net income increased to $1.53 billion.
H&M saw a bigger H1 loss than expected as the coronavirus crisis crushed profitability. And while sales are recovering, they’re still down during June and markdowns will be ongoing in Q3, even though e-sales remain high.
Just when one thought that you’d expire from the lack of any new fashion in London Fashion Week’s debut digital season, along came Tiscar Espadas, Xander Zhou and Ka Wa Key with some genuinely new clothes.
Inditex made its first ever net loss in Q1 as the pandemic hit it hard. But the firm has been busy during the lockdowns and its updated strategy will see it emerging as an even stronger omnichannel operation.
With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
The Confederation of All India Traders has supported an education reform advocator's campaign to boycott Chinese goods and has identified 3,000 product categories which rely heavily on Chinese imports.
India's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case said.