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JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com Inc beat estimates for quarterly revenue as more people shopped on its platform following Covid lockdowns in China, but its CEO was cautious on the outlook due to logistical disruptions and sluggish consumption. 
Fashion
Shopee-owner Sea posts upbeat results on e-commerce strength

Shopee-owner Sea posts upbeat results on e-commerce strength

Singapore-based Sea Ltd on Tuesday beat quarterly sales estimates and posted a smaller-than-expected quarterly loss, driven by strength in its core e-commerce as well as digital payments business.
Fashion
Kohl's loses two senior executives as it looks for a buyer

Kohl's loses two senior executives as it looks for a buyer

Kohl's Corp said on Wednesday two of its senior executives are stepping down from their roles, as the U.S. department store chain hunts for a buyer amid pressure from activist investors to sell itself.
Fashion
Pure London announces theme, unveils speakers

Pure London announces theme, unveils speakers

The latest edition of UK trade fashion show Pure London will be all about ‘Empowering Change’ as the event returns to the post-pandemic schedule across 17-19 July at Olympia London.
Fashion
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Coats Group opens new trading year with sales 20% ahead

Coats Group opens new trading year with sales 20% ahead

Threads giant Coats Group said Wednesday it's enjoying “strong sales momentum” in the first four months of the new trading year, with group sales growing 20% year-on-year.
Fashion
T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
Fashion
Target warns of margin hit as rising costs dent profit, shares slump 26%

Target warns of margin hit as rising costs dent profit, shares slump 26%

Target Corp's quarterly profit halved and it warned on Wednesday of a bigger margin hit this year due to rising fuel and freight costs, in a clear sign there would be no immediate relief from surging inflation.
Fashion
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
N Brown upbeat as strategic brands focus pays off

N Brown upbeat as strategic brands focus pays off

​Battered N Brown group saw its share price rising early on Wednesday on the announcement of a new sub-brand being launched by the company and also its full-year results update.
Fashion
U.S. secondhand market to double by 2026: ThredUp

U.S. secondhand market to double by 2026: ThredUp

Online resale platform ThredUp launched on Tuesday the results of its 2022 'Resale Report' revealing that secondhand shopping is becoming a global phenomenon led by North America. 
Fashion
Strong U.S. retail sales, manufacturing output boost economic outlook

Strong U.S. retail sales, manufacturing output boost economic outlook

U.S. retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful boost to the economy.
Fashion
Shaftesbury boosts London's Berwick Street ownership with new buy

Shaftesbury boosts London's Berwick Street ownership with new buy

Landlord Shaftesbury, which owns a 16-acre portfolio in London's West End, has just got a little bigger in the retail area. ​The property giant has acquired a long leasehold in the lower floors of 92-104 Berwick Street.
Fashion
Landsec success heralds return to profit, launches new leasing partner model

Landsec success heralds return to profit, launches new leasing partner model

​Property giant Landsec — which owns most of Bluewater — spoke of its strong financial and operational position Tuesday, “expecting to deliver material growth in income”. And that's with UK economic turbulence factored in.
Fashion
UK footfall slips back in latest week

UK footfall slips back in latest week

​UK footfall’s post-pandemic recovery took a hit last week as concerns over rising prices and worries over an impending recession deepened. There were negative numbers (almost) everywhere for the 8-14 May period. 
Fashion
Walmart cuts full-year profit forecast as fuel, labor costs spike

Walmart cuts full-year profit forecast as fuel, labor costs spike

Walmart Inc cut its full-year profit forecast on Tuesday, signaling a bigger knock to the retail giant's profit margins from surging costs of everything from fuel to labor.
Fashion