Burberry’s was upbeat Thursday with the group showing signs of a recovery. It said October sales were back in growth, which marks a strong improvement on a first half report that was mainly about negative figures.
Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit $74 billion, a haul that was overshadowed by a 10% drop in its shares after China published draft anti-trust rules aimed at internet platforms.
The CEO of Ba&sh explains how the French label is adapting to the crisis and to changing consumer needs, by tweaking the range in response to lockdowns, reorganising its stores and boosting digitalisation.
TikTok-owner ByteDance is on track to generate at least 180 billion yuan ($27.2 billion) (20.5 billion pounds) in advertising revenue in China this year, which will cement its no. 2 spot in China's digital ad market.
The U.S.-based subsidiary of the Italian luxury brand has filed for Chapter 11 bankruptcy due to the negative impact of the Covid-19 pandemic, which forced the company to temporarily close its stores in March.
Regardless of the negative effect that the latest English lockdown will have on festive season shopping, Britons had already planned to cut their Christmas shopping budgets by 6%, according to new research.
New Look has this week completed its major recapitalisation that “significantly reduces long-term debt and provides financial strength and flexibility to deliver a sustainable trading platform for the company,” it said.