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Business

Shiseido reports Q1 loss, net sales up 3.9 percent

First quarter net sales at Shiseido increased 3.9 percent to 249.5 billion Japanese yen on a reported basis and decreased 2.7 percent on a FX-neutral basis. The company said in a release that net sales rose 3.2 percent on a like-for-like basis, excluding the impacts of foreign exchange translation and business transfers, as well as the...

Business |OPINION

Burberry's sales slump signals struggle to realise potential

In a seemingly perpetual turnaround, Burberry's latest results, unveiled on Wednesday, illustrate the ongoing struggle for the brand to attract shoppers to its contemporary British luxury wares. Despite its efforts, Burberry's sales plummeted by 12 percent in the first quarter, accompanied by a sharp decline in share prices over the past year,...

Business

The Brand Group acquires British label Roksanda

London-based luxury womenswear brand Roksanda has been acquired by The Brand Group (TBG), a global consumer-driven brand development and operating business headed up by fashion entrepreneur and brand builder Damian Hopkins. In a statement, TBG said that its acquisition of popular London Fashion Week label Roksanda is part of its new growth...

Fashion

Ebay unveils new resell feature to transform recommerce experience

Online marketplace Ebay, which has been placing itself at the forefront of the recommerce clothing market, has unveiled a new ‘click-to-resell’ feature that will make it easier for sellers to list their pre-loved clothing with just “a few clicks of a button”. The new ‘resell on Ebay’ feature has been designed to transform the way consumers can...