Russian online retailer Ozon is looking to raise nearly 1.0 billion dollars in a US initial public offering (IPO), according to regulatory paperwork filed Tuesday. The online giant, which reported growth of 142 percent year-on-year in the first nine months of 2020, is aiming to capitalise on the boom […]

Minneapolis-based Target Corp. (TGT) reported robust growth in both sales and profitability during its third quarter. With an adjusted earnings per share growth of 105.1 percent, and comparable sales increase of 20.7 percent, the company's results surpassed analysts' projections. More than 95 percent […]

The TJX Companies, Inc. has announced that net sales for the third quarter were 10.1 billion dollars, while overall open-only comp store sales were down 5 percent versus last year. The company said in a statement that net income for the quarter was 867 million dollars and diluted earnings per share […]

2020 has been a year marked with unprecedented perseverance, creativity, and new perspectives on the best ways to run a business. In the midst of countless industry changes and obstacles, B2B e-commerce has continued to see large upturns in growth and revenues. With figures like e-retail sales accounting […]

Historically, fashion has invested mostly in the consumer facing digital experience, but because of the pandemic, everything that was ‘under the hood’ in the industry came to a standstill. From how garments are created to wholesale selling, there was still very little digitization in those areas and […]

Since the Internet and Social Media have brought magazines to their knees, brands have increasingly had to look elsewhere for the best way to reach an audience. What better way than through your wholesale clients as they have the potential to be great ambassadors for brands. These brands have Instagram, […]

British footwear brand Dr Martens has reportedly chosen Goldman Sachs and Morgan Stanley to spearhead its IPO on the London Stock Exchange. The bootmaker’s private equity backer, Permira, has appointed the two Wall Street giants to act as global coordinators for a flotation being earmarked for next […]

Global Fashion Group S.A. (GFG) has announced that the company has raised approximately 120 million euros in gross proceeds, via a placement of 16.5 million new shares at a price of 7.30 euros per share. The company said in a statement that GFG will use the additional capital to accelerate the execution […]

For its third quarter, Kohl’s Corporation reported total revenue of 3,979 million dollars, down 14 percent compared to the same quarter last year, while revenues for the nine months declined 25.3 percent to 9,814 million dollars. The company said in a statement that third quarter comparable sales decreased […]

Earlier this month the online retail store Bitcoin Movement (BTCMVMNT), launched a limited edition streetwear line featuring a blockchain-backed system of “Proof of authenticity.” The 300-item collection, which was designed with input from British entrepreneur and rapper Zuby, consists of 50 hoodies, […]

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