Sportswear maker Under Armour on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares.
Indonesian e-commerce company Tokopedia said on Wednesday that it had secured $1.1 billion in its latest funding round led by Chinese e-commerce giant Alibaba Group Holding and Japan’s SoftBank Group Corp.
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.
Premium fashion trade show Jacket Required will be showcasing a larger number of eco brands at its upcoming event in January as part of its goal of promoting a more sustainable future for the industry.
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.
Fourty-four percent of French consumers bought fewer clothes in 2018, which was only an active choice for 40% of them, the rest simply constrained by budget. And now, demand for sustainable fashion is outpacing supply.