Luxury online retailer Yoox Net-A-Porter said on Wednesday its expects its adjusted core profit margin to keep rising this year, after reporting core profit was up 17 percent in 2016 with respect to the previous year.
The event sales portal has officialised the acquisition of the personal care and cosmetics specialist BeautéPrivée, which will support its beauty business, a sector currently worth 10% of ShowroomPrivé sales.
Best Buy on Wednesday reported an unexpected drop in same-store sales for the holiday quarter, the latest example of an electronics retailer struggling with waning demand and fierce competition from online stores.
An independent environmental study carried out for jewellery company Pandora has shown that the impact on nature can be reduced to less than 5% when using recycled gold and silver rather than the mined alternative.
Flash sales specialist MySale should have brought a smile to the face of Sir Philip Green on Wednesday. A day after he paid £363m into the BHS pension fund, Green's investment in the e-tailer appeared to be paying off.
The company met the top end of its earnings guidance with net income of $120.9 million and $2.03 per diluted share. Sales fell slightly in the fourth quarter and fiscal year 2.3% and 0.4%, respectively.
Toronto-based retail operator YM Inc is said to be preparing an offer for the intellectual property of The Wet Seal, as the 55-year-old U.S. teen retailer grapples with its second bankruptcy in the past two years.