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Dean Blake
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Global revenue soars for JD Sports
UK sportswear business JD Sports saw revenue improve 47 per cent over the first half year to £2.72 billion, with global like for like sales growth of 12 per cent.
Apple unveils cheaper iPhones to combat declining phone sales
Apple this week unveiled a cheaper generation of smartphones after several consecutive quarters of declining iPhone sales.
Allbirds launches first store in New Zealand
Despite being started by New Zealand entrepreneur and former footballer Tim Brown, wool-based footwear brand Allbirds has only been available online its home country.
“We are just getting started”: Ikea commits to smart home products
Swedish furniture business Ikea has committed to invest further into smart home products, and has spun off the Ikea Home smart project team into a dedicated business unit within Ikea Sweden. Ikea Home Smart was initially conceived in 2012 in order to integrate new, smart technologies into Ikea products, such as wireless charging, smart lighting, as well as smart speakers made in collaboration with Sonos.
Alibaba ‘on the right side of trade war’ says Tsai
Alibaba executive chairman Joe Tsai confident his company is on the right side of the trade war between the US and China.
Cloud services fuel 118 per cent surge in Amazon profit
Amazon profit surged 118 per cent during the first quarter of this year, from US$1.6 billion to $3.56 billion.
JD Sports to acquire Footasylum for US$120 million
After acquiring an 18.7 per cent interest in the business, JD Sports has made a move to acquire footwear retailer Footasylum, offering $1.54 per share.
Hugo Boss reports strong sales in Asia-Pacific
Hugo Boss expects operating income to remain flat at approximately $783.2 million (€491 million) – the same figure seen in 2017.
J Crew chairman steps back
J.Crew chairman and former-chief executive Millard “Mickey” Drexler has stepped down from his position to focus on other interests.
Tiffany reports weaker sales
Tiffany reports a 1 per cent drop in worldwide net sales and 2 per cent drop in comparable sales for the two months to December 31.
Capri to increase focus on Asia
With the completion of its acquisition of Versace, global fashion group Michael Kors Holding has successfully transitioned.
