JD.com's ‘6.18’ shopping festival this week hit a record $29.2bn in total sales, driven by new product launches “as well as Chinese consumers’ continued interest in and pursuit of higher quality,” the company said.
Prada has become the latest big name in luxury fashion to go fur-free with the group’s brands, including Prada itself plus Miu Miu, Church’s and Car Shoe, to stop using fur from its SS20 womenswear collection.
Italian luxury goods maker Prada predicted a return to sales and profit growth next year, partly helped by improved sales trends in China, after posting a 25 percent drop in first-half underlying earnings and net profit.
The Italian luxury group disclosed its social responsibility commitments on Monday at a round-table conference. Its current main commitments are the launch of a dedicated website and the publication of a report.