Asian fashion e-commerce start-up Zalora is betting big on Southeast Asia as it aims to become a multi-billion-dollar company, its managing director said.» Read More
LONDON, Jan 13- British online fashion retailer ASOS ended a difficult 2014 on a high, with strong demand at home lifting its retail sales over the Christmas period and boosting its shares. ASOS, which lost almost two thirds of its market value last year because of a warehouse fire and three profit warnings, said retail sales in the six weeks to Jan. 9 were up 15 percent,...
PARIS, Nov 26- Net-a-porter founder Natalie Massenet stands to make more than 100 million euros next year under a deal with the online fashion retailer's owner Richemont, according to calculations based on company documents and analyst valuations. However, several London- based bankers told Reuters they were not aware Richemont was planning to do either.
LONDON, Oct 21- British online fashion retailer ASOS believes it can reach its target of 2.5 billion pounds in annual sales by 2020, with price cuts helping to reignite growth after three profit warnings this year. Shares in ASOS, which had lost two-thirds of their value this year following a procession of bad news, jumped as much as 19 percent on Tuesday on signs...
LONDON, Oct 21- British online fashion retailer ASOS posted a 14 percent fall in annual profit, partly due to the strength of sterling hitting sales growth overseas. During the year ASOS also had to cope with the need for major investment in its warehousing, a fire at its Barnsley, northern England, warehouse in June and the launch of its new business in China.
Oct 14- U.S. warehouse club operator Costco Wholesale Corp said it would open an online store in China using Alibaba Group Holding Ltd's fast-growing Tmall online marketplace, entering the country's booming ecommerce market to combat slowing sales at home. Costco said the online store would provide customers in mainland China with both branded products,...
Shares in Europe's biggest online fashion retailer Zalando rose 12 percent in their debut on the Frankfurt exchange on Wednesday.
European shares closed lower with investors looking ahead to a key Federal Reserve policy meeting this week as well as a referendum on Scottish independence.
European shares closed flat-to-higher on Wednesday as investors considered the possibility of more monetary easing in the euro zone.
Asos has resumed trading after it was forced to suspend orders following a suspected arson attack at its main warehouse.
European shares closed higher, as investors digested the raft of stimulus measures announced by the ECB.
European stocks closed higher on Wednesday, after positive U.S. jobs data helped to boost global sentiment further.
European retailers are flocking to list in 2014, but traditional high-street chains have been replaced by the online, discount and convenience players that are shaking up shopping.
Retail stocks in the U.K. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.
Asos will look to other global economies after launching a Chinese-language website, Nick Robertson, CEO of the online retailer told CNBC.
European shares pared gains but closed higher on Thursday, a day after the Federal Reserve surprised markets by opting to maintain its $85 billion-per-month asset purchases.
European shares closed lower on Wednesday, mirroring losses in U.S. markets.
U.S. stock index futures were higher Wednesday, looking to bounce back after major averages slumped 1 percent in the previous session, as Europe markets gained and Asia markets trimmed earlier losses.
European shares pared their earlier gains to close narrowly mixed Wednesday as investors watched to see if Russia will extend or increase its loan agreement for struggling Cyprus.
European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.