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The News In Brief

Retail

Neiman Marcus to Close Dallas Flagship

The landmark department store, which is over 100 years old, is another casualty of Saks Global’s Chapter 11 restructuring.

Retail

Neiman Marcus to Close Dallas Flagship

The landmark department store, which is over 100 years old, is another casualty of Saks Global’s Chapter 11 restructuring.


Retail

Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers

The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.

Retail

Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers

The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.


Retail

Zara Owner Inditex Defies Consumer Gloom With Strong Sales

The retailer handily beat analyst expectations, even as inflation worries stemming from the Middle East crisis dent consumer confidence.

Retail

Zara Owner Inditex Defies Consumer Gloom With Strong Sales

The retailer handily beat analyst expectations, even as inflation worries stemming from the Middle East crisis dent consumer confidence.


Global Markets

US Appeals Order Compelling Tariff Refunds

The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.

Global Markets

US Appeals Order Compelling Tariff Refunds

The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.


Global Markets

US Proposes New Tariffs on Dozens of Countries, Citing Forced Labour

The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.

Global Markets

US Proposes New Tariffs on Dozens of Countries, Citing Forced Labour

The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.


Beauty

Ulta Beauty Raises Annual Profit Forecast on Higher-Priced Product Demand

The beauty retailer’s quarterly net sales grew 11.1 percent amid an ongoing turnaround plan.

Beauty

Ulta Beauty Raises Annual Profit Forecast on Higher-Priced Product Demand

The beauty retailer’s quarterly net sales grew 11.1 percent amid an ongoing turnaround plan.


Creative Class

CFDA/Vogue Fashion Fund Names 2026 Finalists

To be announced in October, the winner will receive $300,000 while the two runners-up will take home $100,000.

Creative Class

CFDA/Vogue Fashion Fund Names 2026 Finalists

To be announced in October, the winner will receive $300,000 while the two runners-up will take home $100,000.


Luxury

Swiss Watch Exports Drop, Skewed by 2025 Rush to Beat Tariffs

Exports fell in April from a year earlier, when companies were rushing to get stock into the US ahead of higher tariffs.

Luxury

Swiss Watch Exports Drop, Skewed by 2025 Rush to Beat Tariffs

Exports fell in April from a year earlier, when companies were rushing to get stock into the US ahead of higher tariffs.


Retail

Victoria’s Secret Jumps 47% as Heavily Shorted Chain Outperforms

The retailer beat earnings estimates and boosted its outlook as CEO Hillary Super’s turnaround plan built momentum.

Retail

Victoria’s Secret Jumps 47% as Heavily Shorted Chain Outperforms

The retailer beat earnings estimates and boosted its outlook as CEO Hillary Super’s turnaround plan built momentum.


Beauty

Estée Lauder CEO Says the Price Wasn’t Right for Puig

At a conference in Paris, Lauder CEO Stéphane de La Faverie spoke about the company’s M&A outlook and the reason its Puig merger talks fell through.

Beauty

Estée Lauder CEO Says the Price Wasn’t Right for Puig

At a conference in Paris, Lauder CEO Stéphane de La Faverie spoke about the company’s M&A outlook and the reason its Puig merger talks fell through.


Luxury

Kering Names Gianfranco D’Attis CEO of McQueen

The former Prada chief will be charged with piloting the restructuring and repositioning of the label founded by Lee Alexander McQueen as Kering CEO Luca De Meo reviews the group’s portfolio.

Luxury

Kering Names Gianfranco D’Attis CEO of McQueen

The former Prada chief will be charged with piloting the restructuring and repositioning of the label founded by Lee Alexander McQueen as Kering CEO Luca De Meo reviews the group’s portfolio.


Sustainability

Burberry Delays Net Zero Emissions Target by 10 Years to 2050

The British group positioned itself as an industry leader five years ago when it announced a goal of net zero by 2040 — ahead of other luxury brands and the Paris Agreement on climate change.

Sustainability

Burberry Delays Net Zero Emissions Target by 10 Years to 2050

The British group positioned itself as an industry leader five years ago when it announced a goal of net zero by 2040 — ahead of other luxury brands and the Paris Agreement on climate change.