Hennes & Mauritz AB’s revenue fell as consumers pulled back on spending at H&M clothing stores and after the chain closed stores in Russia.
Hennes & Mauritz AB’s revenue fell as consumers pulled back on spending at H&M clothing stores and after the chain closed stores in Russia.
Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.
Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.
The world’s biggest fashion retailer said its net profit rose to €4.1 billion ($4.42 billion) in line with analysts.
The world’s biggest fashion retailer said its net profit rose to €4.1 billion ($4.42 billion) in line with analysts.
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Lululemon Athletica Inc.’s fourth-quarter revenue guidance trailed Wall Street estimates, a rare miss for the retailer whose performance routinely exceeds investor expectations.
Lululemon Athletica Inc.’s fourth-quarter revenue guidance trailed Wall Street estimates, a rare miss for the retailer whose performance routinely exceeds investor expectations.
Sales on the platform that’s backed by Chinese heavyweight PDD Holdings Inc. jumped 29 percent from a month ago to a new record.
Sales on the platform that’s backed by Chinese heavyweight PDD Holdings Inc. jumped 29 percent from a month ago to a new record.
The intimates retailer which has been working to reinvent its image said its efforts are starting to pay off.
The intimates retailer which has been working to reinvent its image said its efforts are starting to pay off.
The athletic retailer now expects a full-year comparable sales decline of 8.5 percent to 9 percent, compared with a previous forecast for a decrease of as much as 10 percent.
The athletic retailer now expects a full-year comparable sales decline of 8.5 percent to 9 percent, compared with a previous forecast for a decrease of as much as 10 percent.
Raymond Ltd., one of the world’s biggest producers of suit fabric, fell for the seventh day as the acrimonious separation between its billionaire chairman and his wife sparked uncertainty among investors.
Raymond Ltd., one of the world’s biggest producers of suit fabric, fell for the seventh day as the acrimonious separation between its billionaire chairman and his wife sparked uncertainty among investors.
Shares of the upmarket department store chain fell nearly 1 percent in volatile after-market trading.
Shares of the upmarket department store chain fell nearly 1 percent in volatile after-market trading.
The company now expects annual revenue to be up mid single digits.
The company now expects annual revenue to be up mid single digits.
Updated inventories and trendy logo-less basics and jackets have allowed the company to rein in promotions and markdowns from a year earlier.
Updated inventories and trendy logo-less basics and jackets have allowed the company to rein in promotions and markdowns from a year earlier.
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.
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
The partnership, which will kick off at the A24-owned, New York-based Cherry Lane Theatre, will comprise live events for film and theatre featuring established and emerging creative talent.