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Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Power Moves | Akeroyd Succeeds Ferraris at Versace, Danielle Sherman Exits Edun
BoF compiles the most important professional moves of the week.
Fast Retailing Pledges Lowest Prices in Uniqlo Strategy Reversal
Despite T-shirts on sale for $5.90 and chino shorts at $19.90 on its website, Uniqlo is struggling in Japan where cautious consumers are bracing for tougher financial times.
For Some US Companies, Millennials are Giving Way to Generation Z
A small but growing number of companies are starting to target Generation Z — the 69 million high school-age kids and younger who will soon outnumber the millennials before them — and they are not just pitching typical teen products such as acne creams and video games.
Luxury Goods Sales to Grow No More Than 2 Percent This Year
Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.
Best Buy Adds to Chorus of Woes in Retail
A strong start to the year from Best Buy was overshadowed by a lengthening string of declining quarterly sales and a pessimistic outlook that added to a chorus of woes from the retail sector.
Unilever, L'Oreal, Henkel Vie for Vogue International Say Sources
Unilever NV, Henkel & Co KgaA AG , L'Oréal SA and other companies have submitted first-round bids in the auction for OGX shampoo maker Vogue International LLC, people familiar with the matter said.
Richemont Sees Challenging Market After April Sales Plunge
Richemont, the maker of Cartier jewelry and IWC Schaffhausen timepieces, forecast a difficult first half after sales plunged 18 percent in April.
Alibaba Insists it Can Help Fight Counterfeit Brand Goods
Alibaba has said it still wanted to work with companies fighting counterfeit brand-name products, a week after the Chinese online shopping platform was kicked out of an industry coalition due to long-standing accusations that it has turned a blind eye to counterfeits.
Alibaba's Ma Cancels Speech After Row with Anti-Counterfeiting Group
Alibaba's chief Jack Ma has cancelled a planned speech at an anti-counterfeiting conference in the US after the IACC suspended its membership.