French luxury group Chanel has hiked prices of some of its most sought after handbags at a time when strong consumer demand and low stocks in the run-up to the holiday shopping season are boosting their exclusivity.
Pinterest Inc forecast fourth-quarter revenue growth in the high-teens percentage range, after online retailers splurging on ads before the holiday season helped the image-sharing company beat quarterly estimates.
Sainsbury’s own-brand Tu clothing sales “remained strong” in the half-year to 18 September, the supermarket giant said Thursday. And with Covid-19 restrictions lifting, its customers have been updating their wardrobes.
The Los Angeles-based online fashion retailer announced net sales of $244.1 million for Q3 on Wednesday, up 62% from $151.0 million in the prior-year period and 58% from $154.2 million in the third quarter of 2019.
Brazilian retailers Americanas SA and Lojas Americanas SA took another step toward their planned merger here on Wednesday and said the stakes of their billionaire controlling shareholders will be diluted.