Lindex owner and department stores operator Stockmann had a little bit of good news in its Q1 results report, even though it still made a hefty loss and the turnaround programme will see it speeding up store closures.
Amazon.com more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, and added U.S. football games.
The Estée Lauder Companies, Inc. announced several changes to its employee benefits designed to support a diverse workforce, namely adding 20 weeks paid maternity leave, adoption assistance and child and elder care.
The Lalique Group, whose portfolio includes an expanding fragrance and cosmetics division, plans a capital increase and a listing on the SIX Swiss Exchange, the Swiss luxury goods company said on Thursday.
Inter Parfums on Wednesday said that first-quarter net sales increased 20.1% to $171.8 million, despite a disappointing US sales dip. The fragrance distributor now predicts $665 million in total sales for 2018.
Coty has named Esra Erkal-Paler as chief global corporate affairs officer and executive committee member, a newly-created position in which she will lead communications strategy and responsible growth.
A recent NRF and IBM study suggests that while Gen-Zers favor brick-and-mortar, retailers who fail to integrate online and mobile services with their physical stores may be missing the mark with this key demographic.