JD.com, China’s second largest e-commerce firm, saw its stock jump over 7 percent in pre-market trading on Monday after it reported better-than-expected income for the quarter ended in Sept. 30, due to strong sales.
The online marketplace for independent boutiques has raised £10 million in a series A round of funding, and will use the investment to increase its number of listed shops and further develop the platform.
Italian luxury outerwear company Moncler said on Monday it would end its Gamme Rouge and Gamme Bleu lines and their designers Giambattista Valli and Thom Browne would leave the company to focus on their own brands.
Alibaba, the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event.
Tom Tailor said this week that its Reset programme is ahead of expectations and it’s “well on the way to achieving the goals” it set itself last year after a bruising period saw it closing stores and cutting brands.