As consumption bounced back last year, the retailer reported net income of $772 million for the year, compared to only $30.7 million in a pandemic-hit 2020.
As consumption bounced back last year, the retailer reported net income of $772 million for the year, compared to only $30.7 million in a pandemic-hit 2020.
American Eagle Outfitters Inc said it expects its earnings to decline in the first half of 2022, as benefits from the federal stimulus fade and freight expenses surge, sending the apparel chain’s shares down 10 percent in extended trading.
American Eagle Outfitters Inc said it expects its earnings to decline in the first half of 2022, as benefits from the federal stimulus fade and freight expenses surge, sending the apparel chain’s shares down 10 percent in extended trading.
Nordstrom Inc forecast full-year revenue and profit above estimates on Tuesday, signaling strong demand for its upscale apparel and footwear as Americans resume normal life, and driving its shares up 38 percent in extended trading.
Nordstrom Inc forecast full-year revenue and profit above estimates on Tuesday, signaling strong demand for its upscale apparel and footwear as Americans resume normal life, and driving its shares up 38 percent in extended trading.
US department store chain Kohl’s Corp missed quarterly sales estimates on Tuesday due to the Omicron variant surge and supply chain snarls during the holiday season.
US department store chain Kohl’s Corp missed quarterly sales estimates on Tuesday due to the Omicron variant surge and supply chain snarls during the holiday season.
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
The listed retail arm of Thai conglomerate Central Group says revenue rose by 15 percent year-on-year to 58.77 billion Thai baht ($1.8 billion) and EBITDA was up 42 per cent to 8.03 billion baht in its latest quarter.
The listed retail arm of Thai conglomerate Central Group says revenue rose by 15 percent year-on-year to 58.77 billion Thai baht ($1.8 billion) and EBITDA was up 42 per cent to 8.03 billion baht in its latest quarter.
For LVMH, the American brand is too far removed from its core luxury-focused business model.
For LVMH, the American brand is too far removed from its core luxury-focused business model.
The luxury British department store is not renewing its contract with Taiwan’s Shin Kong Mitsukoshi department stores among other partners.
The luxury British department store is not renewing its contract with Taiwan’s Shin Kong Mitsukoshi department stores among other partners.
The South Korean beauty conglomerate has closed the last brick-and-mortar outlet of its Hera brand in China this week, and will close its WeChat mini-programme in mid-March.
The South Korean beauty conglomerate has closed the last brick-and-mortar outlet of its Hera brand in China this week, and will close its WeChat mini-programme in mid-March.
Wealthy tourists are key to the recovery of the Australian luxury market but analysts predict that the sector won’t return to pre-pandemic levels until next year.
Wealthy tourists are key to the recovery of the Australian luxury market but analysts predict that the sector won’t return to pre-pandemic levels until next year.
The fashion giant, known for its influencer trips and events, is opening a social club in LA that will be open to the general public.
The fashion giant, known for its influencer trips and events, is opening a social club in LA that will be open to the general public.
TJX Cos Inc missed Wall Street estimates for quarterly results on Wednesday, hit by temporary store closures and fewer customers visiting its outlets due to a surge in cases of the Omicron variant during the holiday season.
TJX Cos Inc missed Wall Street estimates for quarterly results on Wednesday, hit by temporary store closures and fewer customers visiting its outlets due to a surge in cases of the Omicron variant during the holiday season.
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.