Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
consumer-spending
Entrepreneurship
Streetwear Reigns Supreme, Say Teens
Brands including Adidas, Supreme and Gucci come out on top in a Piper Jaffray survey of young consumers, while Nike and Ralph Lauren are losing lustre.
Streetwear Reigns Supreme, Say Teens
Brands including Adidas, Supreme and Gucci come out on top in a Piper Jaffray survey of young consumers, while Nike and Ralph Lauren are losing lustre.
Entrepreneurship
US Retail Sales Fall for a Second Month as Consumers Pull Back
Retail sales fell 0.2 percent after declining 0.1 percent in May, the Commerce Department said Friday.
US Retail Sales Fall for a Second Month as Consumers Pull Back
Retail sales fell 0.2 percent after declining 0.1 percent in May, the Commerce Department said Friday.
Retail
US Consumer Confidence Reaches Highest Level in 17 Years
Consumers' confidence in the US rose to its highest level since 2000, led by optimism for finding work and a brighter assessment of business conditions.
US Consumer Confidence Reaches Highest Level in 17 Years
Consumers' confidence in the US rose to its highest level since 2000, led by optimism for finding work and a brighter assessment of business conditions.
Retail
Op-Ed | Brits' Post-Brexit Retail Therapy Reels From Inflation
Now that post-referendum reality is starting to bite, there is mounting evidence that Britons are reining in their spending.
Op-Ed | Brits' Post-Brexit Retail Therapy Reels From Inflation
Now that post-referendum reality is starting to bite, there is mounting evidence that Britons are reining in their spending.
Retail
UK Consumer Spending to Slow Sharply in Coming Years
The food and clothing sectors, which are heavily reliant on exports, are most exposed to the pound’s 18 percent drop against the dollar since Britain’s vote to leave the European Union.
UK Consumer Spending to Slow Sharply in Coming Years
The food and clothing sectors, which are heavily reliant on exports, are most exposed to the pound’s 18 percent drop against the dollar since Britain’s vote to leave the European Union.
Entrepreneurship
Holiday Sales Outpace Expectations Despite Department Store Woes
Spending rose 4 percent to $658.3 billion during November and December, beating a 3.6 percent projection.
Holiday Sales Outpace Expectations Despite Department Store Woes
Spending rose 4 percent to $658.3 billion during November and December, beating a 3.6 percent projection.
Retail
Post-Election, US Apparel Spend Is Just as Divided as the Country
Data shows Donald Trump supporters, buoyed by his win, spent more on apparel after the US election than Hillary Clinton supporters.
Post-Election, US Apparel Spend Is Just as Divided as the Country
Data shows Donald Trump supporters, buoyed by his win, spent more on apparel after the US election than Hillary Clinton supporters.
Retail
Research Groups Predict Robust Online Holiday Shopping
ComScore predicts online spending on Cyber Monday will jump to $3.5 billion from $3.12 billion last year.
Research Groups Predict Robust Online Holiday Shopping
ComScore predicts online spending on Cyber Monday will jump to $3.5 billion from $3.12 billion last year.
China
China E-Commerce Giants Head to Countryside for New Customers
Singles’ Day on Nov. 11, marks the biggest shopping promotion of the year for both Alibaba and JD as consumers outside the megacities are opening their wallets more.
China E-Commerce Giants Head to Countryside for New Customers
Singles’ Day on Nov. 11, marks the biggest shopping promotion of the year for both Alibaba and JD as consumers outside the megacities are opening their wallets more.
Retail
Why Are Department Stores So Scared of Halloween?
Consumer spending on Halloween will hit $8.4 billion this year, yet many department stores and fashion retailers are ignoring the opportunity.
Why Are Department Stores So Scared of Halloween?
Consumer spending on Halloween will hit $8.4 billion this year, yet many department stores and fashion retailers are ignoring the opportunity.
Retail
The 10 Commandments of New Consumerism
Consumers are reassessing their priorities and increasingly questioning what they truly value, but what does the change mean for fashion companies?
The 10 Commandments of New Consumerism
Consumers are reassessing their priorities and increasingly questioning what they truly value, but what does the change mean for fashion companies?
Entrepreneurship
Bags and Bling, Tourists Seek Bargains in Brexit Britain
The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
Bags and Bling, Tourists Seek Bargains in Brexit Britain
The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.