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.
German fashion house Hugo Boss reported a 5 percent increase in currency-adjusted sales in the fourth-quarter, driven by a rebound in growth at its own stores, a jump in online sales and a recovery in the United States.
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.
JD Sports Fashion was one of the winners in UK retail over the Christmas period with the company saying on Tuesday that its strong first half trading didn’t slow down in the second half, unlike many of its retail peers.
Deloitte’s Global Powers of Retailing ranking 2018 shows that US retail giants are losing their grip on the international market, while e-commerce, European fast fashion and sportswear brands are all gaining ground.