Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
mobile-commerce
News & Analysis
China’s M-Commerce Explosion Drives 32 Percent Singles’ Day Sales Growth
"$14.6 billion of the orders were made on mobile devices, taking up about 82 percent of all orders and marking 657 million different deliveries."
Technology
Bits & Bytes | Fake Retail Apps on the Rise, How to Maximise Mobile Retail
This week, fake retail apps surge in the run up to the holidays and how to make use of mobile retail, as it overtakes desktop for the first time.
China
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
Technology
Yoox Net-A-Porter's Plan to Become a Mobile-Only Company
Since the two companies joined last year, chief executive officer Federico Marchetti has invested in new technology.
News & Analysis
Why Chat May Be King Of The New Mobile Landscape
"Tech giants and hopefuls alike are betting on messaging apps—and conversational interface—as the future of mobile."
Technology
Op-Ed | Why Brands Must Build ‘Mobile-Up’
Mobile enables powerful one-to-one interactions between brands and customers, but tapping the opportunity requires rethinking much more than just front-end experience, argues Stephan Schambach.
Technology
Smartphones Overtake Computers as Top E-Commerce Traffic Source
Smartphones have surpassed computers as the top source for e-commerce as it accounted for 45.1 percent of web-shopping traffic in the first quarter of this year, edging out computers at 45 percent.
Technology
The Mobile Commerce Gap
While nearly two-thirds of online shopping in the US happens on mobile devices, the channel only accounts for 19 percent of sales.
Technology
Smartphones Overtake Desktops for Holiday Shopping
For the first time, more people will visit retailers' web sites through their smartphones than on desktop computers or tablets during the holiday shopping season that begins on Thanksgiving Day.
Technology
Apple Plans to Launch Apple Pay in China by February
Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, according to inside sources.
Technology
Trillenium Takes Virtual Reality into Online Shopping
Trillenium creates virtual stores for brands aimed at marrying the experience of real-life shopping with the convenience of e-commerce on smartphones and computers.
Technology
A Hundred Apps Bloom in China as Millions Bank on Their Phones
Financial innovation is bubbling up around the globe, but China is where digital banking, investing, and lending have gone mainstream.
The News in Brief
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
Carlos Nazario Appointed Editor in Chief of Wonderland
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.