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News & Analysis

Westfield Plans Rent Increase at London Mall to Lift U.K. Income

LONDON, United Kingdom — Westfield Group, the world's biggest shopping mall operator by assets, said it will raise rents at its west London mall for

News & Analysis

Westfield Plans Rent Increase at London Mall to Lift U.K. Income

LONDON, United Kingdom — Westfield Group, the world's biggest shopping mall operator by assets, said it will raise rents at its west London mall for


Global Markets

China to Place Consumption Tax on More Luxury Goods

BEIJING, China — China will widen the scope of its consumption tax to include more luxury goods, the official Xinhua News Agency reported, a sign

Global Markets

China to Place Consumption Tax on More Luxury Goods

BEIJING, China — China will widen the scope of its consumption tax to include more luxury goods, the official Xinhua News Agency reported, a sign


Technology

Twitter Hires First Commerce Chief to Start Shopping Via Tweets

SAN FRANCISCO, United States — Twitter Inc. hired Nathan Hubbard, the former president of Ticketmaster, as its first head of commerce, part of a push

Technology

Twitter Hires First Commerce Chief to Start Shopping Via Tweets

SAN FRANCISCO, United States — Twitter Inc. hired Nathan Hubbard, the former president of Ticketmaster, as its first head of commerce, part of a push


News & Analysis

Billabong Posts A $860 Million Loss as Brand Deemed Worthless

SYDNEY, Australia — Billabong International Ltd., the Australian surfwear company whose shares fell by more than half over the past year, posted a

News & Analysis

Billabong Posts A $860 Million Loss as Brand Deemed Worthless

SYDNEY, Australia — Billabong International Ltd., the Australian surfwear company whose shares fell by more than half over the past year, posted a


News & Analysis

Abercrombie Sales Fall 10 Percent; Shares Plummet 17 Percent

NEW YORK, United States — Abercrombie & Fitch Co. plunged the most in more than 21 months after forecasting profit for the current quarter that was

News & Analysis

Abercrombie Sales Fall 10 Percent; Shares Plummet 17 Percent

NEW YORK, United States — Abercrombie & Fitch Co. plunged the most in more than 21 months after forecasting profit for the current quarter that was


News & Analysis

Macy’s Profit Trails Estimates After Sales Unexpectedly Fall

NEW YORK, United States — Macy's Inc., the second-largest U.S. department-store chain, posted fiscal second-quarter profit that trailed analysts'

News & Analysis

Macy’s Profit Trails Estimates After Sales Unexpectedly Fall

NEW YORK, United States — Macy's Inc., the second-largest U.S. department-store chain, posted fiscal second-quarter profit that trailed analysts'


News & Analysis

Hudson’s Bay CEO Says REIT Will Surmount Rates

VANCOUVER, Canada — Hudson's Bay Co. Chief Executive Officer Richard Baker says rising interest rates pose no hurdle to a potential spinoff of the

News & Analysis

Hudson’s Bay CEO Says REIT Will Surmount Rates

VANCOUVER, Canada — Hudson's Bay Co. Chief Executive Officer Richard Baker says rising interest rates pose no hurdle to a potential spinoff of the


News & Analysis

Neiman Said to Draw Interest From CVC, KKR as It Weighs IPO

DALLAS, United States — CVC Capital Partners Ltd. and KKR & Co. have expressed interest in buying Neiman Marcus Inc., the luxury retailer that filed

News & Analysis

Neiman Said to Draw Interest From CVC, KKR as It Weighs IPO

DALLAS, United States — CVC Capital Partners Ltd. and KKR & Co. have expressed interest in buying Neiman Marcus Inc., the luxury retailer that filed


News & Analysis

Perry Capital Buys 7.3% J.C. Penney Stake Amid Push for Changes

NEW YORK, United States — Perry Capital, the hedge-fund firm founded by Richard Perry, bought 7.3 percent of J.C. Penney Co. and asked the board to

News & Analysis

Perry Capital Buys 7.3% J.C. Penney Stake Amid Push for Changes

NEW YORK, United States — Perry Capital, the hedge-fund firm founded by Richard Perry, bought 7.3 percent of J.C. Penney Co. and asked the board to


News & Analysis

Prada First-Half Sales Growth Slips as China Luxury Demand Cools

MILAN, Italy — Prada SpA's first-half sales growth fell to a third of last year's as China luxury demand cooled amid a slowdown in the world's

News & Analysis

Prada First-Half Sales Growth Slips as China Luxury Demand Cools

MILAN, Italy — Prada SpA's first-half sales growth fell to a third of last year's as China luxury demand cooled amid a slowdown in the world's