Burberry had a good Christmas quarter even though its comp sales rise fell short of analysts' predictions. Its fashion offer outperformed while digital continued to rise and top-spending shoppers returned to the fold.
John Lewis continued to struggle with slowing sales in the latest week. On Tuesday the department stores and e-tail firm said that sales for the seven days to January 13 fell 3.8% year-on-year to £85.7 million.
Chinese online retailer JD.com Inc has made an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid growing competition in the region from Alibaba and Amazon.com.
Watch inventory levels at Cartier are healthy and the brand no longer needs to carry out buybacks in order to balance out stock levels globally, Cyrille Vigneron, the head of the Richemont-owned label said on Monday.
A plan by Norway’s government to phase out fur farms by 2025 dismayed producers and delighted activists on Monday as a sign that fur is out of fashion even in a nation that was once the top producer of fox pelts.