OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Q4 proved difficult for Bonmarché Holdings but the company preferred to focus on achieving its profit goals for the year and its impressive online sales rise when it released a trading update on Friday.
The ranks of people subscribing to Amazon Prime service for speedy delivery of purchases and streamed television has topped 100 million, the company's chief Jeff Bezos said Wednesday in an annual letter.
Deteriorating trade ties between the United States and China could mean American imports could be much more expensive in the future as the two countries trade tit-for-tat tax hikes on each other's goods.
Amazon has launched Alexa Skill Blueprints, giving users the opportunity to create personalized Alexa skills suited to their homes and families. Categories of skills include at home, fun and games, and learning.
Reformation has announced plans to divert 75,000 articles of clothing from landfills in 2018, tripling its goal from last year. It will launch initiatives that support the goal, including resale and vintage shopping.
The Moorestown, New Jersey-based maternity apparel company has announced its fourth-quarter and full year 2017 results, reporting reduced losses thanks to a rise in Q4 sales, driven by strong e-commerce operations.