The Fort Wayne, Indiana-based handbag and luggage company announced declines in third-quarter sales on Wednesday but managed to swing a solid boost in earnings, which nonetheless came in under analysts’ estimates.
Macy’s is closing its online store on Tmall, Alibaba's Chinese-language B2C e-commerce platform, marking the department store's exit from the country. The e-store will stop all operations on December 31.
The power of luxury e-tail met the unstoppable force of sneaker and streetwear culture this week as newly-listed Farfetch said it's paying $250m in cash and shares for sneaker/streetwear marketplace Stadium Goods.
Poundland has received a big boost from its major move into the clothing sector and despite the problems at its South African parent company, its fourth quarter (the period to September 30) and full-year were strong.