Chinese e-commerce company JD.com made a pitch on Wednesday to attract more European luxury brands to its site, saying it can offer faster delivery and better protection against fakes than bigger rival Alibaba.
High-end Swiss leather goods brand Bally made its biggest underlying profit in a decade last year, buoyed by growth in the United States and Japan, Chief Executive Officer Frederic de Narp said in an interview.
Tommy Hilfiger has won the prize for the Best In-Store Initiative at World Retail Congress in Dubai - granted in recognition of Hilfiger’s path-breaking Fall 2016 TommyNow runway show and global media platform.
Dubai's apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the Emirate's retail sector, according to an analysis. Apparel leads the category with 73% market share.
Debenhams' chairman has urged retailers to think about offering consumers more experiences rather than selling them more “stuff”. He said consumers, particularly Millennials, want to do more than just buy products.