Estee Lauder topped expectations for quarterly profit on Wednesday but investors were worried about slowing U.S. sales as fewer shoppers visit department stores where the company sells a bulk of its products.
E-com game-changer Stitch Fix has reportedly hired investment banks for an IPO that could value the US personalized fashion retailer between $3 billion and $4 billion. It would the biggest US e-commerce IPO since Etsy.
The Subscription Commerce Conversion Index found that 84% of subscription businesses struggle to find new customers. Consumer goods services ranked third, followed by publishing and entertainment services.