Wal-Mart Stores Inc's online sales is likely to grow double than Amazon.com Inc during the back-to-school season, helped by the Jet.com acquisition and competitive price offerings, industry research body NPD said.
Friday will be a big day for Delphine Arnault, when she unveils the winner of the latest LVMH Prize. Ahead of the ceremony, she reflects on career, fame and family in an exclusive interview with FashionNetwork.com.
Shares of Snap Inc dropped 4.5% on Thursday and briefly touched its initial public offering price, highlighting investors' loss of confidence in the social media company that faces fierce competition from Facebook.
Nike said on Thursday it would cut 2% of its global workforce (1400 workers) and eliminate a quarter of its shoe styles as it looks to become nimbler in the face of intensifying competition and fast-changing trends.
Sweden's H&M reported slower than expected sales in May, the latest in a string of soft sales numbers from the world's second biggest fashion retailer, and said it had faced tough conditions in many of its markets.
Expanding fashion retailer Quiz confirmed Thursday a plan to list its shares, with a stock market debut next month on the AIM market of the London Stock Exchange. The move is likely to mean even faster growth.
Global Brands announced a new three-year plan and the goal of $5 billion in revenue by 2020. The new plan builds on the company's current fiscal year results that included an 11.6% increase in revenue.