Luxury giant Hermès said its sales grew by 31% in the third quarter, beating market expectations even as the pace of the rebound from the fallout of the coronavirus pandemic slowed down from the previous three months.
U.S. online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices and pandemic-related uncertainties threaten to put a strain on the shopping season.
PayPal has offered to buy Pinterest for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between financial technology and social media companies in e-commerce.
Gucci may have seen disappointing results in the third quarter, but that certainly wasn't the case at Saint Laurent, which continued to post strong growth, as did other Kering labels, including Balenciaga.
Life’s going to get tougher for Hammerson retail tenants still in rent arrears. While the property giant said it has seen a “significant” improvement in collection rates, it now remains “focused on collecting arrears”.
Missguided has finally filled the long-vacant key post of chief digital officer. The UK-based online fast-fashion retailer has reportedly poached Nick Thomas from UK health supplements retailer Holland & Barrett.
Hotter has been super-busy with its autumn/winter 2021 range. The UK retail footwear brand has added an impressive 34 new styles to its line-up, inspired by stellar growth in outdoor pursuits in the past 18 months.