Thanks in large part to pandemic-related lockdowns, revenues at Zalando zoomed 46.8 percent in Q1, marking one of the best starts to the fiscal year for Europe’s largest online fashion retailer. Revenues hit 2.24 billion euros in the first three months of this year. “In the first quarter of 2021, Zalando delivered the strongest growth […]
Service station operator Z Energy got the latest local reporting season underway with a solid profit and price rise, but a shaky New Zealand sharemarket ignored that and fell more than half a per cent. The S&P/NZX 50 Index was down 96.63 points or 0.75 per cent to 12,751.67. The index has fallen 3 per […]
Icebreaker founder Jeremy Moon says it’s upsetting when jobs are shifted out of New Zealand – especially when you helped create them. Moon’s comment follows news that US retail giant VF Corporation, which bought Icebreaker four year’s ago, plans a major restructure at the merino wool company’s Ponsonby-based office. Icebreaker, which operates 16 shops in […]
BOSTON (Reuters) – Ratings agency S&P Global Ratings on Wednesday raised GameStop’s credit rating by one notch, a critical step in the video retailer’s transformation into an e-commerce company.FILE PHOTO: An employee talks with a customer at a GameStop shop in New York City, New York, U.S. January 30, 2021. REUTERS/Nick ZieminskiS&P Global Ratings said […]
MotoRefi, which opened its second headquarters office in Denver, tripled its team in 2020 while increasing monthly revenue, says Kevin Bennett, MotoRefi chief executive officer. “We were able to do that by leaning into a remote-first approach, over-indexing on communication, and being transparent with our teams,” Bennett says. The Virginia-based company, which helps consumers refinance […]
NEW YORK — Peloton is recalling its treadmills, less than a month after denying that they were to blame for the death of a child and the injuries of 29 others. The company said Wednesday that it will offer full refunds for the treadmills, which cost more than $4,200, and will stop selling them. The […]
WASHINGTON (Reuters) -The Biden administration on Wednesday blocked a Trump-era rule that would have made it easier to classify gig workers who work for companies like Uber and Lyft as independent contractors instead of employees, signaling a potential policy shift toward greater worker protections.Slideshow ( 2 images )Shares of companies that employ gig labor such […]
UK retailers have renewed their threat to stop buying products from Brazil as the South American country considers a new law, which conservationists say opens up the Amazon to accelerated deforestation. An open letter to politicians in the Brazilian National Congress, led by supermarket chains including Tesco and Sainsbury’s, urges them to reject the proposal […]
LONDON/SYDNEY (Reuters) – Global shares edged up on Wednesday as U.S. stock futures steadied after a pullback in tech darlings while European markets were buoyed by accelerating business activity and positive earnings.FILE PHOTO: People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File photoThe Euro STOXX index […]
Lauren Johnson is the founder and chief executive officer of The Hyacinth Group, and has over 10 years of experience in the digital space, which began as an assistant internet merchant at Victoria’s Secret. Seeking to propel her career forward, she went on to receive an MBA from LIM College, with a focus on entrepreneurship. […]