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Mind the Gap
The Savigny Luxury index (“SLI”) continued its descent in December, falling over 6 percent, losing more ground to the MSCI World Index (“MSCI”) which fell just over 5 percent.
Lululemon Rises After Analyst Predicts Rebound in Profit Margins
Lululemon Athletica Inc. shares gained as much as 7 percent after Wells Fargo & Co. upgraded the stock, predicting that improvements the company has made to its supply chain should lower costs, reduce discounts and boost profit margins.
Abercrombie Appoints Hollister Brand Chief Its Merchandising Head
Abercrombie & Fitch Co has promoted Fran Horowitz to the role of chief merchandising officer in another effort by the company to make its apparel more attractive to teen shoppers.
Abercrombie Chairman Says Company Suspended Active CEO Search
Abercrombie & Fitch Co. Executive Chairman Arthur Martinez said the teen-clothing retailer, which hasn’t had a chief executive officer for more than a year, is no longer actively searching for a CEO.
Abercrombie Executive Angelides Is Fired, Removing CEO Contender
Abercrombie & Fitch Co. said Christos Angelides, head of its namesake brand, has been fired, eliminating a potential contender to fill the teen retailer’s yearlong vacancy at the chief executive officer position.
Woolworths Follows Macy’s, Costco With Plans for Tmall Shopfront
Woolworths Ltd. is setting up shop on Chinese online site Tmall.com, following the path of overseas retailers including Macy’s Inc. and Costco Wholesale Corp.
American Apparel Founder’s Bid for Company Said to Move Forward
American Apparel Inc. founder Dov Charney’s attempt to return to the company moved a step closer after firms backing him made nonbinding offers to buy the bankrupt retailer.
Amazon Is Capturing Bigger Slice of US Online Holiday Spending
Amazon.com Inc. is increasing its share of US online spending during the holiday season, even as Wal-Mart Stores Inc., Target Corp. and other rivals seek to attract consumers with promotional sales and free deliveries.
What the COP21 Climate Agreement Means for Fashion
Last weekend, 195 countries reached a landmark agreement on climate change. How will it impact the fashion industry, and how are businesses responding?
Alibaba’s Taobao Signs Up China’s Largest Bad-Loan Manager
Alibaba Group Holding Ltd. has signed up China’s largest bad loans manager to sell troubled assets through its online marketplace as the e-commerce giant seeks to extend its reach beyond retail sales.