Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to "decelerate significantly," sending the social media giant's shares down about 5% in extended trading.
Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann.
The group announced a 178.6% increase in Q2 revenue on Wednesday, growth driven by the retail channel, which was, nonetheless, still not able to bring the company’s sales in line with pre-pandemic levels.
The fashion group, which has owned 70% of its flagship brand since 1999, has purchased the remaining 30% from Italy's Siny, taking complete control of the business. The value of the transaction was 66.5 million euros.
Canada’s e-commerce giant Shopify Inc beat second-quarter revenue expectations on Wednesday, on the back of a resilient online shopping trend precipitated by the Covid-19 pandemic.
The British Fashion Council has released its annual report for 2020/21 in which it shared some of the achievements of what was one of the most challenging years ever.
The private equity takeover of UK supermarkets giant Morrisons might not be all smooth sailing with news that its biggest shareholder doesn't intend to support the deal.
Eyewear giant Safilo is investing heavily in the US-based Blenders business that it acquired a year ago and has launched in the UK and Ireland via e-commerce.
According to a new report from The NPD Group, U.S. performance footwear sales grew 23 percent in the second quarter, while leisure footwear sales climbed at a slightly higher rate, showcasing post-Covid consumer trends.
Spanish fashion brand Mango shared on Monday a revised forecast for the year, with profits now expected to exceed 2019 results.
Visa Inc beat estimates for quarterly profit on Tuesday as speedy vaccine rollouts spurred consumers to spend more on travel and entertainment, boosting volumes for the world's largest payment processor.
The New York-based cosmetics brand and the Texas-born rapper are launching their limited-edition Hot Girl Sunset Collection via the online marketplace and resale platform’s DropX DTC product release model.
Google parent Alphabet Inc's quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online.
The company's loan will be linked to its environmental performance, with a focus on two main indicators: direct emissions and indirect emissions generated by electricity purchased and consumed by the group.
Revenues at Italian luxury down jacket maker Moncler topped analyst expectations in the second quarter helped by easing COVID-19 restrictions, adding to evidence of a sharp rebound in the sector.
