Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
Esprit’s problems are continuing with the Hong Kong and Germany-based firm reporting another set of weak results, although they were better than predicted and the company thinks it's on the right track.
The news doesn't get any better for Esprit with the fashion giant saying that its fiscal first quarter was tough. And the warm summer weather continuing into early autumn seems to have been partly to blame.
Avon on Thursday reported its first earnings beat in six quarters as it signed up more sales representatives in the EMEA region to sell its cosmetics. The firm will shutter Australia and New Zealand activity by year-end.
Gold demand in China firmed this week as retailers stocked up ahead of the Chinese New Year while price discounts widened in India, partly on expectations of a reduction in import duty in next month’s budget.
Flash sales specialist MySale should have brought a smile to the face of Sir Philip Green on Wednesday. A day after he paid £363m into the BHS pension fund, Green's investment in the e-tailer appeared to be paying off.
The Chinese online retailer opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries.
Flash sales e-tailer MySale Group had a storming first half as the six months to December 31 and said that its product offer will be boosted as it forged a deal with Gilt.com. Online revenue rose 18% to A$126.5m in H1.