Facebook surpassed quarterly profit and revenue estimates on Wednesday as the social media giant found more ways to attract advertisers to its mobile app and Facebook News Feed, sending its shares to an all-time high.
The Advocate General of the Court of Justice of the EU has confirmed luxury goods manufacturers can prohibit their authorised retailers from selling products on third-party platforms such as Amazon or Ebay.
British jewellery retailer Astley Clarke has seen its international revenue soar by 367% and account for up to 40% of sales each week after partnering with Global-e to boost its international e-commerce offering.
Flash sales specialist MySale Group said its “financial performance improved significantly” in the year to June 30 with online revenue up 10% to A$240 million, driven by the growing active customer base.
German sportswear company Puma's use of top athletes and celebrities as its face seems to be powering its rising revenues, a strategy the brand plans to continue after its flagship star Usain Bolt retires.
Indian online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million, two sources said on Wednesday, providing heft to its bigger rival in a high-stakes battle with Amazon.com Inc.