Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
acquisition
News & Analysis
Wal-Mart Buys Outdoor Clothes and Gear Seller Moosejaw
Michigan-based Moosejaw, which is largely online and sells more than 400 brands, will keep operating its site and stores.
Wal-Mart Buys Outdoor Clothes and Gear Seller Moosejaw
Michigan-based Moosejaw, which is largely online and sells more than 400 brands, will keep operating its site and stores.
News & Analysis
Kate Spade Jumps After Report Renews Takeover Speculation
The company is awaiting first-round bids, according to reports, renewing speculation that the handbag maker will be swallowed up by a competitor.
Kate Spade Jumps After Report Renews Takeover Speculation
The company is awaiting first-round bids, according to reports, renewing speculation that the handbag maker will be swallowed up by a competitor.
News & Analysis
Macy’s Bonds Fall Back as Payment for Takeover Become Less Clear
Trading volume in Macy’s bonds surged about 500 percent after the Wall Street Journal reported on Feb. 2 that Hudson’s Bay had initiated takeover talks.
Macy’s Bonds Fall Back as Payment for Takeover Become Less Clear
Trading volume in Macy’s bonds surged about 500 percent after the Wall Street Journal reported on Feb. 2 that Hudson’s Bay had initiated takeover talks.
News & Analysis
Can Boohoo Overcome Nasty Gal’s Mistakes?
If it plays its cards right, Boohoo could accelerate its American ambitions and learn from Nasty Gal’s success in brand and online community building.
Can Boohoo Overcome Nasty Gal’s Mistakes?
If it plays its cards right, Boohoo could accelerate its American ambitions and learn from Nasty Gal’s success in brand and online community building.
Beauty
Coty Tumbles After Purchase of P&G Brands Brings Challenges
There is more inventory in the retail channel from the acquired business than the company expected, and broader weakness in colour cosmetics also hurt sales.
Coty Tumbles After Purchase of P&G Brands Brings Challenges
There is more inventory in the retail channel from the acquired business than the company expected, and broader weakness in colour cosmetics also hurt sales.
Luxury
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
News & Analysis
A Hudson's Bay Takeover Could Mean the End of Macy's
Hudson's Bay is a shrewd real-estate operator more interested in the big buildings that house the clothes and shoes Macy's sells than the retail operation itself.
A Hudson's Bay Takeover Could Mean the End of Macy's
Hudson's Bay is a shrewd real-estate operator more interested in the big buildings that house the clothes and shoes Macy's sells than the retail operation itself.
News & Analysis
Furniture Billionaire Weighs Buying Way Into Japan Apparel
The move would pit furniture seller Nitori Holdings Co. against rivals including Fast Retailing Co., Asia’s largest clothier.
Furniture Billionaire Weighs Buying Way Into Japan Apparel
The move would pit furniture seller Nitori Holdings Co. against rivals including Fast Retailing Co., Asia’s largest clothier.
Luxury
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
News & Analysis
Report: Kate Spade Attracts Interest From Coach, Michael Kors
The two companies' boards are discussing the feasibility of going ahead with a bid, according to reports.
Report: Kate Spade Attracts Interest From Coach, Michael Kors
The two companies' boards are discussing the feasibility of going ahead with a bid, according to reports.
Luxury
Safilo Plunges as LVMH Said Close to Buying Marcolin Stake
The LVMH agreement could also involve investing in Marcolin’s Italian manufacturing operations, as well as the creation of a new company.
Safilo Plunges as LVMH Said Close to Buying Marcolin Stake
The LVMH agreement could also involve investing in Marcolin’s Italian manufacturing operations, as well as the creation of a new company.
News & Analysis
Amazon Said to Walk Away From $1 Billion Souq.com Takeover Talks
The e-commerce business is now seeking other potential investors and is negotiating with mall-operator Majid Al Futtaim.
Amazon Said to Walk Away From $1 Billion Souq.com Takeover Talks
The e-commerce business is now seeking other potential investors and is negotiating with mall-operator Majid Al Futtaim.
The News in Brief
Shiseido’s Profits Recover In First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.