The footwear company announced a net loss of $77.0 million, or $2.11 per diluted share, for the fourth quarter ended January 30, 2021, on Tuesday, as Covid-19 continued to negatively affect the group’s operations.
Boohoo Group’s shares have been on a roller coaster ride in the last year but the company's customers have stayed remarkably constant with analysts highlighting how this should keep sales powering higher.
The American fashion retailer has announced the launch of Empower@Work, a collaborative platform supporting women workers in the global supply chain, as well as a set of ambitious gender equity targets for 2025.
Rakuten Inc’s shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.
JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations.
The Spanish apparel group’s president insisted the business model is “solid” and said he is confident about the group’s recovery. If all Inditex stores will re-open in April, 2021 sales will be on par with 2019.
Fashion search platform Lyst has filed results for the 12 months to March 31 2020 and said the year saw it continuing its rapid expansion with a 26% revenue rise to £23m. This was an acceleration on the previous year.