From the author
Aerie powers American Eagle to best first-quarter sales in three years
The apparel retailer has been doubling down on investments in its Aerie brand, which includes comfortable leggings and b...
Klarna funding round makes it Europe’s most valuable startup at US$31bn
Swedish payments firm Klarna has nearly tripled its valuation in less than six months.
Gucci owner Kering invests in resale platform Vestiaire Collective
The purchase is part of a 178 million euro financing round which valued Vestiaire Collective at more than $1 billion.
Retailers, charities caught up in botched Facebook ‘news’ ban
Organisations caught up in the botched blackout have implored the social-media giant to restore their pages as calls for...
Reuters probe exposes Amazon’s secret strategy to dupe Indian regulators
Damning investigation uncovers secret strategy to dodge e-commerce laws.
Sales at Kering’s Gucci luxury brand fall on Covid-19 hit
Sales at Kering’s star Gucci fashion brand fell more than expected in the fourth quarter as the Covid-19 pandemic kept c...
L’Oreal predicts ‘Roaring 20s’ retail resurgence post Covid
"There will be a fiesta in makeup and in fragrances," predicts CEO.
Adidas starts formal process of quitting struggling Reebok
A banking source said the business could be worth around 1 billion euros US$1.2 billion.
LVMH, Rihanna ‘suspend’ Fenty fashion label
Louis Vuitton owner LVMH and music star Rihanna have agreed to suspend her fashion line Fenty less than two years after ...
Clubhouse app blocked in China, added to ‘Great Firewall’, say users
The move ends a brief window that allowed thousands of mainland users to join in discussions often censored in China.
Alphabet’s Google posts record sales as retailers shell out for ads
Alphabet shares jumped about 8% to $2,067 in extended trading.
Amazon’s Bezos to step down as CEO; quarterly revenue tops $100 billion
Cloud computing chief Andy Jassy will step up to lead Amazon moving forward.
Apple revenue accelerates after record iPhone sales, China strength
Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look tapped ...
Starbucks global sales fall despite Chinese boost
Sales in China rise by 5 per cent, but Covid impacts other markets.
More carats and sparkle: How LVMH plans to change Tiffany
Reuters was told the owner of Louis Vuitton would also likely revamp the appearance of the jeweller's stores and boost i...
Sophia’s creators plan mass rollout in retail, medical in Covid-19’s wake
The company behind the humanoid robot has a vision to mass produce robots by the end of the year.
Couche-Tard drops $20bn Carrefour takeover plan
Canada’s Alimentation Couche-Tard has dropped its US$19.6 billion bid to acquire European retailer Carrefour SA af...
Uniqlo owner Fast Retailing’s operating profit beats pre-pandemic level
The company has widely been viewed as one of the most resilient retailers amid the global virus pandemic.
Dr Martens set for London IPO, valuing shoe brand at US$2.7 billion
Private-equity owner set to sell 25 per cent stake.
Staples makes US$2.1 billion bid for rival Office Depot
Nearly five years after the FTC scuttled a merger plan, US giants try again.
Events
