US retail sales rise more than expected in July
By Reuters Published Aug 19, 2024 U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were …
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Louis Vuitton names Jude Bellingham new ambassador
Louis Vuitton has announced the appointment of football star Jude Bellingham as the latest ambassador of the French luxury maison. Jude Bellingham – Louis Vuitton The budding English footballer commenced …
Gokaldas defers Bangladesh apparel unit plan as unrest lingers
By Bloomberg Published Aug 19, 2024 Gokaldas Exports Ltd. has decided to put its plan to build a garments factory in Bangladesh on hold as the nation continues to face …
All Ted Baker UK stores to shut this week
A few weeks ago it was a “might happen” and now it looks certain with a report that all Ted Baker shops in the UK will shut for good by …
Spanish fashion group Mango adds Hong Kong shop with rent 60% off peak
By Bloomberg Published Aug 16, 2024 Spanish fast-fashion label Mango has rented a 19,000-square-foot store in Hong Kong’s prime retail district Central, people familiar with the matter said, the latest …
China’s spending slump weighs as e-commerce giant Alibaba misses estimates
By Reuters Published Aug 16, 2024 Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday (15 August), as the company’s domestic e-commerce sales came under pressure from cautious spending …
Walmart lifts yearly outlook as shoppers hunt for bargains
By Bloomberg Published Aug 16, 2024 Walmart Inc. raised its sales guidance for the full year on 15 August, buoyed by consumers buying necessities and seeking deals even as they curtail …
China e-commerce group JD.com beats profit forecasts in second quarter
By Reuters Published Aug 16, 2024 Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-conscious shoppers to its platform. Shutterstock JD.com’s U.S.-listed …
Tapestry quarterly profit beat Wall Street’s view despite sales dip
Tapestry Inc.’s shares rose on 15 August as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. See catwalkCoach …
Seoul authorities find toxic substances in Shein and Temu products
By AFP-Relaxnews Published Aug 15, 2024 (AFP) – Women’s accessories sold by some of the world’s most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable …