Google reclaimed on Tuesday its spot as the default search engine on Mozilla Corp’s Firefox Internet browser in the United States and other regions as the browser maker stunned Verizon’s Yahoo by canceling their deal.
The Italian luxury group said it expects a trend of progressive growth, which will be sustainable in the medium and long term, as the group’s sales in China grew almost 40 percent in the first nine months of the year.
Poshmark has raised $87.5 million in a funding round led by Singapore’s state investor Temasek Holdings, the online fashion retailer said on Tuesday, positioning the startup for overseas expansion in Europe and Asia.
As Hudson’s Bay steps up the pace of extracting value from its $5 billion property portfolio, the department store chain’s shareholders want it to reduce debt and not invest the proceeds in traditional retail operations.
TJX Cos Inc posted its worst quarterly same-store sales performance since 2009, as its fashion apparel failed to click with customers and fewer people bought winter clothes in an unusually hot fall season.
Private equity firm Tengram Capital has announced it will acquire luxury skincare brand ReVive from Shiseido Americas Corporation and will bring on two key execs from its former Laura Geller New York team.
John Lewis fashion sales fell again this week suggesting the wider malaise in the UK fashion sector is far from over, despite the start of the Christmas season. But the beauty category boomed, offering some relief.
Farfetch is seeing fast-rising sales but its losses have widened as it continues to invest in growth and sacrifice profit ahead of an expected US IPO. That’s the main message from the accounts that were filed this week.
German consumer goods maker Henkel raised its forecast for full-year earnings per share on Tuesday after it reported 3Q underlying sales growth of 3 percent in what it called an "increasingly challenging environment".