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Tobe Report: Online Strategies to Drive Retail Sales Growth

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New York–Retailers are employing new and innovative online business initiatives as a way to drive sales growth, according to Tobe Report’s Spring State of Retail Report.  After a comprehensive survey of the technological advancements affecting online retail, Tobe unveiled this week 10 key strategic initiatives that will immediately drive sales …

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Richemont Buys Net-a-Porter in $530 Million Deal

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Geneva–Luxurygoods group Richemont, which had been tentative about exposure of its high-end luxury watch and jewelry brands into ecommerce, agreed last week to buy online fashion portal Net-a-Porter for $530 million. Establishd in 2000, Net-a-Porter sells collections from more than 300 fashion designers, shipping to more than 170 countries. It recently …