Facebook beat Wall Street expectations for both quarterly revenue and profit on Wednesday but warned that growth later this year could "significantly" decline as new privacy policies will make it harder to target ads.
The American footwear and accessories group announced on Wednesday that its revenues for the fourth quarter ended March 31, 2021, totaled $361.0 million, an increase of 0.5% from $359.2 million in the prior-year period.
The French luxury giant is strengthening its LVMH Fashion Group division, whose CEO, Sidney Toledano, will be supported by Guillaume Motte, current president for Europe and the Middle East at Sephora, starting May 3.
German sportswear company Puma reported a 26% jump in first quarter sales on Wednesday despite ongoing coronavirus lockdowns, congestion at U.S. ports and backlash in China over its comments on Xinjiang.
UK sportswear retail giant JD Sports has signed resale firm Sole Responsibility as an official sustainability partner. And the reason's clear. It's saved more than 60,000 pairs of trainers from landfill or incineration.
As expected, a poor performance from its retail operations hit the Grosvenor Group in its latest trading year as the pandemic caused the high-end property business to swing to its first loss since the financial crisis.
As live streaming continues to make an impact on fashion retail, fashion brand Isawitfirst has announced what it says is a pioneering partnership with the UK’s first live-streaming social commerce app, OOOOO.