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HBO actor settles with Macy's, NYC in "shop-and-frisk" suit
Actor Rob Brown of HBO's "Treme" has settled a federal discrimination lawsuit against Macy's Inc and the city of New York, the retailer said on Thursday, resolving part of a "shop-and-frisk" controversy over racial profiling in the city. ...
Tue, 29 Jul 2014
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South Africa's Pepkor buys troubled NZ retailer Postie Plus
The South Africa-based retail group Pepkor has bought troubled New Zealand clothing retailer Postie Plus, Postie's administrators said on Friday. ...
Tue, 29 Jul 2014
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Zalando says had first operating profit ever in second-quarter
Europe's biggest online fashion retailer Zalando, a possible IPO candidate, said on Friday it had its first profitable quarter ever on an operating level. ...
Tue, 29 Jul 2014
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Hermes second-quarter sales hit by currencies, weakness in Japan
Sales growth slowed down at French luxury goods maker Hermes in the second quarter against the first, hit by lower demand in Japan and America and by adverse movements in foreign exchange rates. ...
Tue, 29 Jul 2014
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Brunello Cucinelli net sales up 11.6 pct in first-half
Italian luxury clothier Brunello Cucinelli on Thursday reported a 11.6 percent rise in first-half preliminary sales to 175.8 million euros ($237.8 million), thanks to a strong performance in the United States and Greater China. ...
Tue, 29 Jul 2014
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H&M opens largest store to date
The Swedish giant H&M is celebrated its largest US opening today, July 17, at 589 Fifth Avenue in Manhattan. The store, the retailer’s 318th in the US, covers no less than 57,000 square feet spanning five floors. It’s also the first store in the world to comprehensively stock all of ...
Tue, 29 Jul 2014
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Givaudan confirms targets after first-half net profit beats poll
Fragrance and flavour maker Givaudan confirmed its mid-term targets after first-half net profit rose 13 percent, helped by strong volume gains and lower operational costs. ...
Fri, 25 Jul 2014
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Love Culture files for bankruptcy, may be sold
Love Culture Inc on Wednesday filed for Chapter 11 bankruptcy and said it is up for sale, becoming the latest women's apparel retailer to seek protection from creditors. The company, which according to its website has 82 stores stretching from Massachusetts to Hawaii, joins Ashley Stewart Holdings Inc, Coldwater Creek ...
Fri, 25 Jul 2014
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EBay revenue jumps 13 percent despite worsening competition
EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fended off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites. The company reported second-quarter revenue of $4.37 billion, versus $3.88 billion a year ago and the $4.38 billion that ...
Fri, 25 Jul 2014
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Bangladesh charges 18 over garment factory collapse
Bangladesh's anti-corruption agency filed charges on Wednesday against 18 people accused of breaching regulations over the construction of a building that collapsed last year killing more than 1,130 people. ...
Fri, 25 Jul 2014
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Primark: Next stop USA
Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices. The secret of its success: placing huge orders for top-selling items like socks, tops and jeans and passing on the savings to shoppers. ...
Fri, 25 Jul 2014
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Zara's tagging system means even faster fashion
Spanish-based retail chain Zara, whose "fast fashion" business model has helped make it one of the world's biggest clothing brands, plans to pioneer a new stock control system to make its supply chain even speedier. ...
Fri, 25 Jul 2014
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Uniqlo is ready to open 1,000 stores in India
While Fast Retailing is currently looking for suppliers in India, its flagship brand Uniqlo may open a thousand stores in the country, over the next ten years. ...
Tue, 22 Jul 2014
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Yoox enters sportswear
Following the lead of Net-A-Porter, which opened its Net-A-Sporter activewear arm on July 9, the Italian e-commerce giant Yoox is now also entering sportswear. ...
Tue, 22 Jul 2014
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Ermenegildo Zegna acquires Australian farm Achill
Ermenegildo Zegna is transforming itself into a vertical company, controlling all stages of the production chain — everything from raw materials to producing the fabrics, manufacturing the clothing and selling them. ...
Tue, 22 Jul 2014
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Owner of Germany's Karstadt in sale talks
Speculation over the future of German department store chain Karstadt flared again on Friday after a newspaper reported that billionaire Nicolas Berggruen could sell out to Austrian investor Rene Benko and Israeli businessman Beny Steinmetz. Daily paper Bild said that Berggruen was in talks with Vienna-based Signa, Benko's property vehicle, ...
Tue, 22 Jul 2014
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Burberry shareholder sells $117 mln of shares
A shareholder in luxury UK fashion retailer Burberry sold 69 million pounds ($117 million) of shares in the company, equivalent to 1 percent of the firm's issued share capital, a source familiar with the matter said on Thursday. ...
Tue, 22 Jul 2014
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Eileen Ford, maverick of the modeling industry, dies at 92
Eileen Ford, the founder of the Ford Models who promoted the fresh-faced look of American women and set the stage for the phenomenon of celebrity super models, has died at the age of 92, the agency said on Thursday. ...
Mon, 21 Jul 2014
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