Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
business-growth
Financial Markets
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Luxury
Op-Ed | The Great British Luxury Paradox
Compared to companies in France, Italy and Germany, only a few luxury brands from Britain have scaled up to become global powerhouses, but there's potential for more, argues Michael Ward.
Op-Ed | The Great British Luxury Paradox
Compared to companies in France, Italy and Germany, only a few luxury brands from Britain have scaled up to become global powerhouses, but there's potential for more, argues Michael Ward.
Retail
Wal-Mart Says Tech Investments Will Boost Online Sales
Wal-Mart executives touted the technology investments the retailer is making to boost online sales, during the annual shareholder meeting.
Wal-Mart Says Tech Investments Will Boost Online Sales
Wal-Mart executives touted the technology investments the retailer is making to boost online sales, during the annual shareholder meeting.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Financial Markets
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Financial Markets
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Retail
Canadian Retailer Hudson's Bay to Open Stores in Netherlands
Canadian retailer Hudson's Bay Company says it plans to open up to 20 new stores in the Netherlands over the next two years, creating thousands of new jobs in a nation recently hit by the closure of a major chain of stores.
Canadian Retailer Hudson's Bay to Open Stores in Netherlands
Canadian retailer Hudson's Bay Company says it plans to open up to 20 new stores in the Netherlands over the next two years, creating thousands of new jobs in a nation recently hit by the closure of a major chain of stores.
Financial Markets
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Technology
E-Commerce Company JD.com's Revenue Jumps 47 Percent
JD.com Inc, China's No.2 e-commerce company, has reported a 47 percent rise in revenue, as sales on its platforms surged.
E-Commerce Company JD.com's Revenue Jumps 47 Percent
JD.com Inc, China's No.2 e-commerce company, has reported a 47 percent rise in revenue, as sales on its platforms surged.
Technology
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Oliver Samwer Says Rocket Internet Investors Need to Think Long-Term
Rocket Internet's investors need to buy into its five to 10 year plans rather than focusing on short-term market fluctuations, founder Oliver Samwer told a German newspaper.
Technology
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Financial Markets
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.