German sportswear brand Puma plans to rejoin the basketball market as it makes a push to grow in the United States and China and bring its profitability closer to that of larger rivals Adidas and Nike.
French luxury goods firm Hermes , known for its $10,000-plus Birkin handbags, on Wednesday posted record margins for 2017 and said it would make an extraordinary payout to shareholders as well as hike its dividend.
Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands.
According to a report released by Signifyd on Tuesday, total losses of online retailers due to e-commerce fraud rose 7% in 2017, with the beauty and jewelry industries suffering some of the largest increases.
British fashion brands like Victoria Beckham, Vivienne Westwood and Wool and the Gang are set to benefit from an advertising campaign running across three major Chinese and Hong Kong e-tailers next week.
On the heels of its Athleta brand achieving Benefit Corp certification, Gap, Inc. has announced a sustainability goal of saving 10 billion liters of water, the daily drinking need for 5 billion people, by 2020.
Chinese e-commerce platform Alibaba is reportedly considering acquiring Pakistani fashion e-tailer Daraz, owned by German start-up company Rocket Internet, in a bid to gain a foothold in the South Asian country.