Four Democratic U.S. senators on Thursday sent a letter to Amazon.com Inc's Chief Executive Jeff Bezos, demanding answers over the company's alleged moves to track and monitor employees and limit unionization efforts.
Recovering sales of Louis Vuitton handbags helped LVMH contain the fallout from the coronavirus crisis in the third quarter, as the world's biggest luxury goods group reported a smaller-than-expected drop in revenues.
Tiffany & Co said on Thursday sales have been rising through October with its business in the midst of a rebound, as the jeweler looked to counter claims from French luxury giant LVMH that its prospects were "dismal".
Uniqlo owner Fast Retailing may have taken a 42% pandemic-linked hit in its latest year but it’s forecasting a 60%+ recovery in its operating profit in the current financial year that ends next August.
Shopping malls giant Hammerson said on Thursday that it has managed to collect only 41% of the Q4 rent that it’s owed. That divides into the UK collecting 38%, Ireland 33%, and France a healthier 51%.
The U.S. State Department has reportedly submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, before the fintech arm of e-commerce giant Alibaba is slated to go public.
As Covid-19 continues to take its toll on retailers, the Canadian womenswear brand has announced a decline of 17% in its second-quarter sales, with strong e-commerce gains limiting the damage inflicted by the pandemic.
After a bump in August sales in Japan, Fast Retailing investors will look to the company's financial update on Thursday for signs that the recovery will last beyond a flurry of sales in masks and stay-at-home clothes.
The Asos final results report Wednesday was another confirmation of just how important pureplay e-tailers have been in the unusual circumstances of 2020. As store-based rivals struggled, its sales and profits soared.