Sales at Skechers USA Inc., grew 2.1 percent or 5.2 percent at constant currency to 1.276 billion dollars for the first quarter, which the company said was a result of a 9.3 percent increase in its international business, partially offset by a 6.3 percent decrease in the domestic business. Comparable […]

Pinterest priced its shares at 19 US dollars for its initial public offering, valuing the image-sharing platform at 12.7 billion US dollars. The shares begin trading this Thursday on the New York Stock Exchange under the ticker symbol PINS. Goldman Sachs and J.P. Morgan Chase are leading the offering. […]

Facebook Inc is working to develop a voice assistant to compete with Amazon’s Alexa, Apple’s Siri and Alphabet Inc’s Google Assistant, Reuters reports. “We are working to develop voice and AI assistant technologies that may work across our family of AR/VR products including Portal, Oculus and future […]

Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web Services […]

LVMH came first on Deloitte’s annual list of the world’s largest luxury goods companies once more, followed by Estée Lauder and Richemont. Kering and Luxottica switched places, with the French conglomerate moving up to the fourth position while the Italian eyewear giant fell to the fifth. The report, […]

British-based online marketplace and retailer, Wolf and Badger, which has stores in London and New York has completed a 4.5 million pound fundraise from Guinness Asset Management EIS Fund, which the retailer states will be used to “accelerate” growth. Recognised as a go-to place for independent designer […]

All the speculation that someone was trying to buy Moncler was put to rest this morning by the Financial Times who reported that no one has asked to buy Moncler, with their CEO, Remo Ruffini, saying he would like to see what happens with the company in the next three or four years. “It would seem to […]

Sustainability seems to be the redemption song nowadays that is turning from a mere buzzword into a flourishing movement. In view of the growing knowledge also among consumers that the fashion industry is most likely the second most polluting industry on the planet, any and every responsible step taken […]

Bellroy, a digitally-native leather goods company from Australia looking to expand in the US market, has received a strategic investment from New York-based growth equity firm Silas Capital. The companies did not disclose the amount invested. Founded in 2010 and best known for its minimalist wallets, […]

Lush is “tired of fighting with algorithms”. The British cosmetics retailer announced on Facebook, Twitter and Instagram that it prefers to leave social media platforms entirely than to pay for posts to appear on followers’ newsfeeds. “Increasingly, social media is making it harder and harder for us […]

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