China's top e-commerce firm is launching a $15 billion (£13.43B) drive to build overseas research hubs as the deep-pocketed firm looks to compete with global leaders in e-commerce, logistics and cloud technology.
Quiz benefitted from surging e-sales in the first half as well as growth through its physical stores as new stores in Spain, its German Zalando deal, new logistics capacity and targeted marketing all paid off.
Sears Canada moved a step nearer to permanent closure after attempts to find a buyer failed. The retailer says it will seek court approval on Friday to shutter its 130 stores, leaving 12,000 employees without jobs.
Neiman Marcus said on Tuesday it continued to see sales fall for another straight quarter and is now betting on digital for a turnaround. Total revenue for the fiscal year was $4.71 billion, down 5.2 percent.
LVMH, the world’s biggest luxury goods company, on Tuesday said the months ahead might be bumpier after producing stronger than expected sales growth in the third quarter which sent its shares towards record highs.