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Financial Markets

J.C. Penney's Quarterly Sales Rise Due to Higher Home, Sephora Sales

J.C. Penney Co Inc reported a better-than-expected quarterly revenue, helped by strong sales at it its Home, Sephora, Footwear and Handbags divisions.


Beauty

Henkel New Chief Gets Tough Message From Adidas-Bound Rorsted

Departing Henkel AG chief executive Kasper Rorsted had a tough message for his successor: the targets you’re inheriting will be difficult to reach.


China

Probe of Top China Hedge Fund Boss Said Linked to Apparel Maker

An investigation into Zexi Investment chief Xu Xiang is examining whether he and the chairman of Shanghai Metersbonwe Fashion & Accessories Co. conspired to manipulate Metersbonwe shares ahead of last summer’s market rout


Financial Markets

Fitbit Forecasts Sales Below Estimates on Slow Rollout of Models

Fitbit Inc. forecast revenue in the current quarter that fell short of analysts’ estimates, saying the global introduction of their newest watches may push sales later into the year.


Global Markets

India, the Fashion World’s Next Manufacturing Powerhouse?

The ‘Make in India’ campaign is raising the profile and prospects of India’s garment and textile industry.


China

The China Edit | Global Luxury Spend, Alibaba's Groupon Stake, Golden Generation

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.


Retail

Inside the Business of Barneys New York

Days before Barneys New York’s much-anticipated return to downtown Manhattan, chief executive Mark Lee and chief operating officer Daniella Vitale talk to BoF about the company’s journey from the brink of bankruptcy to record sales — and what's next.



Financial Markets

Adidas Sees Higher Profit After 2015 Earnings Beat Estimates

Adidas AG raised its outlook for 2016 amid growth at its Reebok brand and a stronger order book.


News & Analysis

Chinese Tourists Boost Japanese Mall Sales to Record

Chinese tourists buying million-yen watches and luxury brands helped boost sales at Japanese premium outlet malls owned by Mitsubishi Estate Co. to a record last year, as a weaker currency led to a surge in bargain-hunting visitors.