Capri beat holiday-quarter profit estimates on Wednesday as the luxury fashion house boosted its margins by selling more products at full price and cutting manufacturing costs, sending its shares up nearly 7%.
Amazon on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported a third consecutive record profit and quarterly sales above $100 billion for the first time.
Alphabet Inc on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time that its Cloud unit is losing $5.
China's Alibaba Group Holding Ltd beat Wall Street estimates for third-quarter revenue on Tuesday, as its e-commerce business benefited from a switch to online shopping triggered by the COVID-19 pandemic.
Fast Retailing announced another same-store sales increase for its Japanese Uniqlo operation on Tuesday with comparable sales (including online) rising 2% year-on-year. Meanwhile, total sales rose 1.8%.
JD Sports hasn’t stopped looking for acquisitions and on Monday it said that it has reached a conditional agreement to buy US-based DTLR Villa, the “hyperlocal athletic footwear and apparel streetwear retailer”.
ASOS has bought Topshop, Topman, Miss Selfridge and HIIT and will move fast to integrate them into its set-up. It said it's an attractive opportunity and they saw fast sales growth on its platform in the latest period.
The new line's pieces tailor all of the brand's classic items for men and women—fitted blazers, cardigans, crisp white button-downs, ties and tie bars, tapered trousers, pleated skirts and more—down to pre-teen size.
Sales at Salvatore Ferragamo fell by 20% in the fourth quarter, broadly in line with expectations, as new lockdowns in Europe to fight a resurgence of COVID-19 more than offset a strong rebound in China.