The Columbus, Ohio-based fashion group, owner of Victoria’s Secret, PINK and Bath & Body Works, released its March 2018 sales data on Thursday, reporting mid-single-digit increases in both net sales and comps.
Booming demand for L’Oreal’s luxury cosmetics brands like Lancome, particularly in China, helped boost the company’s first-quarter sales, offsetting a more wobbly performance in the group’s mass market division.
Expect another year of rapid growth at LVMH, insisted Bernard Arnault, chairman of LVMH, at the group's AGM. Though he called reports that LVMH executives had held talks with the owners of Chanel “fake news.”
Walmart is likely to reach a deal to buy a majority stake in e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, according to two sources.
Japan’s Fast Retailing Co , owner of clothing chain Uniqlo, on Thursday posted a 35 percent rise in second-quarter operating profit and upgraded its full year forecast by 13 percent as overseas sales took the lead in driving growth.
Aeon Co Ltd, Japan’s largest retailer by sales, posted a record annual operating profit after a 14 percent jump from the previous year on the back of restructuring efforts, and forecast a further gain this year.