Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
earnings-report
Financial Markets
Tiffany's Slumping Shares May Rekindle Takeover Talk
Tiffany & Co.’s plunging shares are bringing a takeover of the $11 billion luxury jewellery chain back into the realm of possibilities.
Tiffany's Slumping Shares May Rekindle Takeover Talk
Tiffany & Co.’s plunging shares are bringing a takeover of the $11 billion luxury jewellery chain back into the realm of possibilities.
Financial Markets
Lululemon Boosts Forecasts After Strong Holiday Season
Lululemon Athletica Inc., the maker of yoga- inspired clothing, gained as much as 9.4 percent in early trading after strong holiday sales prompted the company to raise its fourth-quarter forecast.
Lululemon Boosts Forecasts After Strong Holiday Season
Lululemon Athletica Inc., the maker of yoga- inspired clothing, gained as much as 9.4 percent in early trading after strong holiday sales prompted the company to raise its fourth-quarter forecast.
Financial Markets
Tiffany Lowers Annual Forecast After Holiday Sales Decline
Tiffany & Co., the world’s second-largest luxury jewellery retailer, reported a 1 percent decline in total holiday sales and lowered its annual forecast, amid continued weakness in Japan.
Tiffany Lowers Annual Forecast After Holiday Sales Decline
Tiffany & Co., the world’s second-largest luxury jewellery retailer, reported a 1 percent decline in total holiday sales and lowered its annual forecast, amid continued weakness in Japan.
Financial Markets
US Retailers’ December Sales Beat Estimates Amid Job Growth
U.S. retailers including L Brands Inc., Pier 1 Imports Inc. and Gap Inc. posted December same-store sales that topped analysts’ estimates as improving employment and falling gas prices encouraged shoppers to spend on gifts.
US Retailers’ December Sales Beat Estimates Amid Job Growth
U.S. retailers including L Brands Inc., Pier 1 Imports Inc. and Gap Inc. posted December same-store sales that topped analysts’ estimates as improving employment and falling gas prices encouraged shoppers to spend on gifts.
Financial Markets
American Eagle, Aeropostale Lift Estimates for Holiday Quarter
Teen apparel retailers American Eagle Outfitters Inc. and Aeropostale Inc. raised their estimates for the holiday shopping quarter as margins improved due to fewer discounts.
American Eagle, Aeropostale Lift Estimates for Holiday Quarter
Teen apparel retailers American Eagle Outfitters Inc. and Aeropostale Inc. raised their estimates for the holiday shopping quarter as margins improved due to fewer discounts.
Financial Markets
Victoria's Secret Owner Says Same-Store Sales Rose 4 Percent
L Brands, the company behind Victoria's Secret and Bath & Body Works, said Thursday that its sales rose during the critical holiday shopping season.
Victoria's Secret Owner Says Same-Store Sales Rose 4 Percent
L Brands, the company behind Victoria's Secret and Bath & Body Works, said Thursday that its sales rose during the critical holiday shopping season.
Financial Markets
Nike Beats 2Q Forecasts
Nike Inc. on Thursday reported fiscal second-quarter net income of $655 million. The results topped Wall Street expectations.
Nike Beats 2Q Forecasts
Nike Inc. on Thursday reported fiscal second-quarter net income of $655 million. The results topped Wall Street expectations.
Financial Markets
H&M November Sales Up 10%, Tops Estimates
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, increased November sales faster than analysts predicted, contributing to a 17 percent jump in fourth-quarter revenue.
H&M November Sales Up 10%, Tops Estimates
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, increased November sales faster than analysts predicted, contributing to a 17 percent jump in fourth-quarter revenue.
Financial Markets
Quiksilver Reports 4Q Loss
Quiksilver Inc. on Thursday reported a fiscal fourth-quarter loss of $51.6 million. The results missed Wall Street expectations.
Quiksilver Reports 4Q Loss
Quiksilver Inc. on Thursday reported a fiscal fourth-quarter loss of $51.6 million. The results missed Wall Street expectations.
Financial Markets
Inditex Nine-Month Profit Rises as New Stores Beat Mild Weather
MADRID, Spain — Inditex SA, the world's largest clothing retailer, reported nine-month profit in line with estimates as the company continued to add
Inditex Nine-Month Profit Rises as New Stores Beat Mild Weather
MADRID, Spain — Inditex SA, the world's largest clothing retailer, reported nine-month profit in line with estimates as the company continued to add
Financial Markets
Prada 3Q Profit Drops 44%, More Than Analysts Expected
MILAN, Italy — Prada SpA reported a 44 percent drop in third-quarter profit as weaker spending by wealthy Chinese consumers weighed on the
Prada 3Q Profit Drops 44%, More Than Analysts Expected
MILAN, Italy — Prada SpA reported a 44 percent drop in third-quarter profit as weaker spending by wealthy Chinese consumers weighed on the
Financial Markets
Gap Inc. November Sales Jump 6%
Gap Inc. said late Thursday that a key revenue metric rose 6 percent in November, as surging sales at its low-priced Old Navy chain offset sluggish sales at its namesake business.
Gap Inc. November Sales Jump 6%
Gap Inc. said late Thursday that a key revenue metric rose 6 percent in November, as surging sales at its low-priced Old Navy chain offset sluggish sales at its namesake business.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.