Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
e-commerce
China
China’s JD.com Reports 25% Jump in Quarterly Revenue
Chinese e-commerce firm JD.com Inc reported on Thursday a 25.5 percent rise in quarterly revenue, boosted by sustained demand for online shopping.
China’s JD.com Reports 25% Jump in Quarterly Revenue
Chinese e-commerce firm JD.com Inc reported on Thursday a 25.5 percent rise in quarterly revenue, boosted by sustained demand for online shopping.
Global Markets
Amazon and Walmart Brace for Crucial Diwali Showdown
This year’s weeks-long festive period is instrumental for the retail giants, who are both angling for a bigger slice of India’s burgeoning e-commerce market.
Amazon and Walmart Brace for Crucial Diwali Showdown
This year’s weeks-long festive period is instrumental for the retail giants, who are both angling for a bigger slice of India’s burgeoning e-commerce market.
Retail
Discount Luxury Retailer Rue Gilt Groupe Said to Plan US IPO
Rue Gilt Groupe, an e-commerce retailer, is in the early stages of preparing for an initial public offering, according to people with knowledge of the matter.
Discount Luxury Retailer Rue Gilt Groupe Said to Plan US IPO
Rue Gilt Groupe, an e-commerce retailer, is in the early stages of preparing for an initial public offering, according to people with knowledge of the matter.
Retail
Amazon Will Spend $1.2 Billion on Employee Tuition, Courses
Amazon.com Inc. said it will pay college tuition for select frontline employees, becoming the latest big US employer to offer educational perks to attract and retain workers in a tight labor market.
Amazon Will Spend $1.2 Billion on Employee Tuition, Courses
Amazon.com Inc. said it will pay college tuition for select frontline employees, becoming the latest big US employer to offer educational perks to attract and retain workers in a tight labor market.
Global Markets
Sources: Singaporean E-Commerce Giant Shopee to Debut in Europe With Poland Launch
Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
Sources: Singaporean E-Commerce Giant Shopee to Debut in Europe With Poland Launch
Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.
China
China Threatens to Ban E-Commerce Sites That Flout IP Laws
China plans to tighten oversight of e-commerce companies like Alibaba Group Holding Ltd. and Pinduoduo Inc., including by holding them accountable for intellectual property violations.
China Threatens to Ban E-Commerce Sites That Flout IP Laws
China plans to tighten oversight of e-commerce companies like Alibaba Group Holding Ltd. and Pinduoduo Inc., including by holding them accountable for intellectual property violations.
Global Markets
Shopee Dips Toe in India E-Commerce Market
Singapore-headquartered Sea Ltd’s Shopee has launched a recruitment campaign for vendors to sell on what it called “Shopee India” and is ramping up
Shopee Dips Toe in India E-Commerce Market
Singapore-headquartered Sea Ltd’s Shopee has launched a recruitment campaign for vendors to sell on what it called “Shopee India” and is ramping up
Technology
Alibaba Sets Up Harassment Hotline as Rape Probe Nears End
Alibaba Group Holding Ltd. will set up a hotline and create a team dedicated to investigating sexual harassment complaints, after an employee accused
Alibaba Sets Up Harassment Hotline as Rape Probe Nears End
Alibaba Group Holding Ltd. will set up a hotline and create a team dedicated to investigating sexual harassment complaints, after an employee accused
Global Markets
African E-Commerce Firm Jumia Targets Tech and User Growth
Africa’s Jumia Technologies said on Tuesday it plans to spend more on marketing and hire more technology professionals after reporting an increased
African E-Commerce Firm Jumia Targets Tech and User Growth
Africa’s Jumia Technologies said on Tuesday it plans to spend more on marketing and hire more technology professionals after reporting an increased
Global Markets
Turkey’s Trendyol Raises $1.5 Billion, Valuing It at $16.5 Billion
The Alibaba-backed company has emerged as a leader in Turkey’s fragmented e-commerce market.
Turkey’s Trendyol Raises $1.5 Billion, Valuing It at $16.5 Billion
The Alibaba-backed company has emerged as a leader in Turkey’s fragmented e-commerce market.
Retail
Boohoo Opens up Criticised Supply Chain to Customer Viewing
British online fashion retailer Boohoo said on Friday it would give customers the opportunity to look behind the scenes of its UK suppliers’
Boohoo Opens up Criticised Supply Chain to Customer Viewing
British online fashion retailer Boohoo said on Friday it would give customers the opportunity to look behind the scenes of its UK suppliers’
China
Chinese Retailer Shein Lacks Disclosures, Made False Statements on Factories
The Chinese ultra-fast fashion giant’s policies and processes to ensure labour standards in its supply chain are under scrutiny following a period of explosive growth.
Chinese Retailer Shein Lacks Disclosures, Made False Statements on Factories
The Chinese ultra-fast fashion giant’s policies and processes to ensure labour standards in its supply chain are under scrutiny following a period of explosive growth.
The News in Brief
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.
Lululemon Senior Executive Exits in Third Recent Departure
The top communications officer at the company is leaving, adding to the list of executives departing ahead of CEO Heidi O’Neill’s arrival.
Trump Picks White House Ally Overton to Lead Embattled FDA
The US president chose an ally to steady an agency shaken by staff losses, low morale and fights over vaccines and drug approvals.
JD Sports Cuts Outlook as Shoppers Curb Spending on Sneakers
The retailer cut its profit outlook after weaker-than-expected sales in the quarter, as customers grapple with cost-of-living pressures and pull back on discretionary spending.