Baidu beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business, easing the pressure of funding a major expansion into new technology areas.
Fitbit Inc on Wednesday outpaced Wall Street estimates for quarterly results as its strategy of adding smartwatches to its product line got a boost in the second quarter with higher sales for ‘mass-appeal’ Versa.
The Chilean retailer said on Wednesday it had purchased Latin American e-commerce company Linio for $138 million, adding it was seeking $800 million in financing to put towards the acquisition and other investments.
First Heritage Brands, the owner of Sonia Rykiel, has entrusted the position of managing director to Perry Oosting, replacing Eric Langon who has been in the role since 2012, FashionNetwork.com has learned.
A rescue deal for British retailer House of Fraser was thrown into doubt on Wednesday after C.banner cancelled planned fundraising for its deal to become a majority shareholder in the department store.
Wednesday, August 1, & Other Stories unveiled its debut hair care collection, designed and developed by its Los Angeles Atelier. A total of 19 products will go on sale in the H&M Group brand's stores and online.
Next got a boost from Britain’s hot summer with a 2.8 percent rise in Q2 sales but the fashion retailer does not see the warm glow lasting, sticking to forecasts that indicate little growth for the rest of the year.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, a source familiar with the plan said on Tuesday.