New York-based upmarket jeweller Tiffany & Co. said its net earnings for the three months that ended 31st October, 2020, increased 52% to $119 million owing to strong retail sales growth in China and Korea, as well as a near doubling of e-commerce sales. Worldwide net sales returned to the billion-dollar level ($1.0 billion) and […]

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Luk Fook Holdings (International) Ltd is counting on the growth of middle-class consumers in China to boost its business, with the retailer targeting to open around 150 mainland shops in the coming year. The company said it remains upbeat about prospects in China amid an overall profit dip of 42 per cent during the year […]

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Amazon’s take on e-commerce sales in the U.S. is getting heftier by the minute. According to new estimates on public companies from research firm eMarketer, Amazon will own roughly 44 cents out of every dollar spent online in the U.S., up from 38 cents for every dollar in 2016. The company’s sales are expected to […]

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