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Diamonds, Not Marriage, Are Forever for China’s Millennials
Millennial women spent about $26 billion on diamond jewellery in 2015 in the world’s four main markets, acquiring more than any other generation.
Nordstrom Drops Most Since May After JPMorgan Cuts Rating
JPMorgan Chase & Co. downgraded the shares, saying the upscale retailer’s management sees no “silver bullets” to revive stagnant sales.
Department Stores Losing Market Share in Beauty, Too
Beauty and cosmetics were once considered Amazon-proof traffic-drivers to department stores, as beauty companies had long-term deals with stores, rarely discounted their products, and barely sold their goods online. No longer.
Can Fred Segal Reclaim Its Southern-California Cool?
The iconic retailer is aiming to win back its cachet with a new West Hollywood location. But is it too late?
Asos Boosts UK Sourcing After Pound’s Brexit Fall
Asos Plc, Britain’s largest online-only fashion retailer, plans to double its UK manufacturing as the pound’s post-Brexit plunge makes domestic production more affordable.
Japan's Frugal Millennials a Bad Omen for its Economy
Japan's millennials have grown up in an economy that never seems to grow.
Chanel Leads Luxury Brands in Luring Big Spenders Back to Paris
Terrorist attacks and the robbing of Kim Kardashian have tainted Paris’s reputation, galvanising luxury brands like Chanel to convince high-end shoppers that the City of Lights remains a beacon for high-end retail.
Michael Jordan Scores China Legal Win for His Chinese Name
The Supreme People’s Court on revoked the rights of Qiaodan Sports Co. to use Jordan’s last name written in Chinese characters.
Saks’ Owner HBC Tumbles as Department-Store Slump Crimps Sales
Hudson’s Bay Co. tumbled as much as 6.8 percent after third-quarter results missed estimates.
As Online Sales Soar, Brands Must Boost Digital Innovation
Booming e-commerce sales on Black Friday underscore the need for continued digital investment, but front-end upgrades are only the tip of the iceberg.