Asos concluded a strong year with a four-month autumn and festive period that showed just how strong a business it is. Sales soared not just in the UK but globally and it expects higher profit as a result.
Nearly half of the luxury industry's top managers are expecting sector sales to return to 2019 levels from 2021, reflecting adjustments in their business models, according to a study by French consulting firm MAD.
Flipkart Internet, which runs Flipkart’s e-commerce platform, reported Rs 1,624 crore ($244.11 million) losses in the 2019 financial year, a 40% year-on-year increase. The results suggest a new phase of investment.
Textile firm Welspun India loss for the fourth quarter ended March 31 widened to Rs 78 crore ($11.3 million) in comparison to Rs 90 crore it had posted for the corresponding period of the previous financial year.
Major consumer companies including Unilever and Procter & Gamble are chasing consumers who want goods delivered automatically, pitching new online subscription services, even though these have not always worked.
US retail giant Walmart Inc. is selling bonds to help finance its acquisition in India’s Flipkart, offering fixed- and floating-rate bonds in as many as nine parts, according to a recent regulatory filing.