Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
department-stores
Retail
Trump Slams Nordstrom for Dropping Daughter Ivanka’s Brand
Nordstrom said last week that it would stop selling Ivanka Trump’s brand this season, citing poor sales.
Retail
Daniella Vitale Named CEO of Barneys New York
In a long-expected succession plan, chief executive Mark Lee has been named executive chairman, reporting to Richard Perry.
Retail
A Day of Reckoning for American Department Stores?
2017 could bring a final judgment for some of America’s biggest department store players, which have long faced serious headwinds.
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?
Retail
US Department Stores Steady Profitability — Even as Sales Slide
US department store chains have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
Retail
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Retail
Macy’s Inc: The Slow Death of an American Icon
Macy’s needs more of the ‘magic’ the company touts in its tagline if the department store chain is to survive.
Retail
J.C. Penney Holiday Sales Drop 0.8 percent, Shares Slide
J.C. Penney Co Inc said same-store sales for November and December fell 0.8 percent, blaming a weak start to the holiday selling season.
Retail
US Department Store Challenges Fail to Rattle Some Investors
Weak holiday sales by some US department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Retail
Department Stores Losing Market Share in Beauty, Too
Beauty and cosmetics were once considered Amazon-proof traffic-drivers to department stores, as beauty companies had long-term deals with stores, rarely discounted their products, and barely sold their goods online. No longer.
Retail
Can Fred Segal Reclaim Its Southern-California Cool?
The iconic retailer is aiming to win back its cachet with a new West Hollywood location. But is it too late?
China
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
The News in Brief
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Amazon Blocks Meta’s Muse AI Agent From Its Retail Site
The e-commerce giant prohibits other companies from deploying automated tools to shop its site and started blocking Meta’s Muse on Sunday night.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Oura Seeks $2.2 Billion in US IPO
The smart ring maker plans to market 50 million shares for $40 to $44 each, according to filings, which could value the company as high as $14.1 billion.