Luxury goods authentication start-up Entrupy has announced the expansion of its operations to Japan, positioning it to combat the distribution of counterfeit high-value goods in one of the largest luxury resale markets.
Estee Lauder Cos Inc reported higher-than-expected quarterly profit and sales on Friday on strong demand for Too Faced and Becca products and customisable gifts, and the company raised its 2018 full-year EPS forecast.
UK supermarkets giant Sainsbury’s has just spent £60 million on its latest acquisition and it’s one that will help it learn even more about the customers who are buying its fashion offer in ever-increasing numbers.
White Company and Charles Tyrwhitt owner Bectin may have seen profits falling in the year to March 2017, but the firm saw it as a successful year as sales rose and the profits drop was attributed to a one-off issue.
Footwear and apparel company Deckers Outdoor Corp. has declared a significantly improved third quarter performance. Overall sales during the period rose 6.6 percent to $810.5 million, up from $760.35 million last year.
The Japanese cosmetics group announced on Thursday that company sales increased more than 2% in 2017, while net profit gained 16%, on the back of last year's tourist influx in Japan and strong sales across Asia.
Amazon reported a profit near $2bn, the largest in its history, as the retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and changes to tax law added to its bottom line.