Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.
South African clothing and homeware retailer The Foschini Group (TFG) on Thursday reported a smaller than expected rise in full-year earnings, hurt by higher expenses, sending its shares down as much as 4.8 percent.
German consumer sentiment deteriorated further heading into June to reach the lowest level so far in 2018, suggesting that household spending in Europe’s biggest economy could slow in the coming months.
The Danish sportswear brand Hummel International recently launched in India on a variety of online platforms and, as the brand has named India as a high priority market, further expansion is to follow.
The famous design competition has just revealed the identity of the 15 finalists in its Fashion, Accessories and Innovation categories, including labels such as Atlein, Eckhaus Latta, Facetasm, Kevin Germanier.
Shop Direct continued to make strides as the UK’s second largest online retailer in the third quarter, however regulatory costs linked to PPI claims has pushed the parent company of Very.co.uk into the red.
Sanpower, the giant Chinese conglomerate that’s selling a large chunk of its House of Fraser stake, has revealed a new industry strategy and named luxury specialist Guy Salter Chairman of its New Retail business.