Amazon.com Inc's forecast for third-quarter sales missed Wall Street expectations on Thursday, as consumers return to brick-and-mortar stores after shopping more online for the past year due to the pandemic.
Revenues at the Goleta, California-based footwear, accessories and apparel group totaled $504.7 million in the first quarter, up 78.2% year over year, as the company experienced strong growth across its brand portfolio.
The Rockford, Michigan-based owner of the Wolverine, Saucony and Merrel brands reported record Q2 revenue of $631.9 million on Thursday, progress which drove the company’s return to profit in the quarter.
Having seen a return to almost normal levels of activity in April, Shanghai's textile and apparel trade shows will hold their next editions, with appropriate health and safety measures, from August 25 to 27.
Italian fashion group Prada sees sales rising further in the second half of the year after revenues beat market expectations in the first six months, extending a recovery from the worst of the Covid-19 crisis.