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News & Analysis

Wealthy Go Frugal This Holiday Amid Uneven U.S. Recovery

NEW YORK, United States — Last holiday season, literary agent Linda Chester bought herself a fur coat, a red Ralph Rucci evening grown and suede


News & Analysis

The Fall of the House of Juicy

No brand before or after it captured the zeitgeist quite like Juicy Couture. So why did the brand, a business with almost $500 million in annual revenue, sell this autumn in a $195 million cash deal to a licensing group better known for working with brands like Marilyn Monroe and Elvis Presley?


News & Analysis

Will Early Shopping Season Launch Bring Black Friday Hangover?

NEW YORK, United States — U.S. retailers' controversial choice to kick off the U.S. holiday shopping season early, on Thanksgiving, may not pay off


China

China Brands Follow Dior to Paris Seeking European Glitz

SHANGHAI, China — Chinese globetrotters seeking some Western pizazz for their wardrobes in the chic boutiques of Place Vendome in Paris or London's


News & Analysis

U.S. Holiday Sales May Rise 3.9% as Budget Fight Curbs Sentiment

NEW YORK, United States — U.S. retail sales may increase 3.9 percent during the holiday season, as political and economic uncertainties damp consumer


News & Analysis

Bloomingdale’s Black Tags Curb $8.8 Billion Fraud Bill

NEW YORK, United States — Returning a party dress the day after a big soiree is getting harder to do.


News & Analysis

Saks Reports Weak Q2 Sales, Deeper Loss

NEW YORK, United States — Saks Inc. on Monday reported a deeper than expected second-quarter loss after disappointing sales of shoes and handbags


Global Markets

Made in America | From Detroit's Urban Decay, Shinola Rises

Amidst the urban decay of Detroit, a shoe polish purveyor reborn as a luxury watchmaker is bringing hope to the city's beleaguered manufacturing industry.


News & Analysis

IPO Likely Neiman Marcus Option as Underwriters Chosen

DALLAS, United States — Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter


News & Analysis

T.J. Maxx, Others Look Past Chaos to E-commerce Bonanza

NEW YORK, United States — U.S. low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc's Off Fifth outlets,