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Ikea sees global consumer rebound as sales growth almost doubles
Ikea, the world's biggest furniture retailer, is seeing evidence that consumer spending is picking up, even in recession-hit southern Europe, as the pace of growth in annual sales nearly doubled compared with the previous year. ...
Mon, 15 Sep 2014
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Rock-and-roll Hilfiger, elegant Herrera at NY fashion week
It was Rock 'n' Roll festival chic on the New York catwalk for Tommy Hilfiger trailblazed by British muse Georgia May Jagger on Monday while Carolina Herrera epitomized timeless elegance. The daughter of Rolling Stones front man Mick Jagger and Texan model Jerry Hall, Georgia May was the perfect progeny ...
Mon, 15 Sep 2014
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Canadian retailers bet on technology in fight with US giants
Canadian retailers, scrambling to keep pace with the likes of Wal-Mart Stores and Amazon.com in an increasingly crowded market, are investing heavily in high-tech tools to lure shoppers. ...
Mon, 15 Sep 2014
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Home Depot confirms security breach following Target data theft
Home Depot confirmed on Monday its payment security systems have been breached, a data theft analysts warn could rival Target Corp's massive breach last year. ...
Mon, 15 Sep 2014
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Menswear a sleeping giant at New York Fashion Week
Menswear plays a poor relation to women's styles at New York Fashion Week, but it is enjoying faster-growing sales and consumer tastes that are becoming more daring, experts say. ...
Mon, 15 Sep 2014
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Building a giant? Rocket bets big on new online markets
Germany's Rocket Internet faces daunting logistical challenges and rising local competition from Lagos to Laos as it races to capture customers in emerging markets before e-commerce titans Amazon and Alibaba can catch up. That spells mounting losses as the venture capital company gears up to launch an initial public offering ...
Mon, 15 Sep 2014
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PVH: Emanuel Chirico talks about plans for Calvin Klein
For its last quarter ending on August 3, Calvin Klein posted sales up 1% to 518 million euros. The growth may seem modest for the PVH-owned brand, but its comes at a time when it is restructuring its range of jeans. ...
Mon, 15 Sep 2014
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Victoria Beckham shoes and safari chic in New York
Spice Girl turned footballer's wife turned respected designer Victoria Beckham on Sunday unveiled her latest collection at New York Fashion Week, showcasing safari chic and her first ever shoe line. ...
Mon, 15 Sep 2014
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Cucinelli sees double-digit sales, profit growth also in 2015
Italian luxury cashmere maker Brunello Cucinelli forecast double-digit growth in earnings and sales both this year and next, after its net profit rose 18 percent to 15.6 million euros in the first half of 2014. ...
Wed, 3 Sep 2014
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Asos shares jump on report of US bid interest
Shares in British online fashion retailer Asos, which have fallen sharply in recent months after profit warnings and a warehouse fire, jumped on Wednesday on an unconfirmed report of a U.S. bid for a stake in the business. ...
Wed, 3 Sep 2014
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Ann Taylor parent taps JPMorgan to weigh potential sale
Ann Inc has hired JPMorgan Chase & Co (JPM.N) to explore strategic alternatives, including a potential sale of the women's retailer, according to people familiar with the matter. ...
Wed, 3 Sep 2014
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LVMH may acquire a stake in Proenza Schouler
The appetite of luxury groups is truly insatiable. According to market sources, LVMH has taken an interest in the New York fashion brand Proenza Schouler, led by the duo Lazaro Hernandez and Jack McCollough. ...
Wed, 3 Sep 2014
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Dr. Martens poaches new CEO from Deckers
After 12 years at the head of Dr. Martens, David Suddens is stepping down. The British brand has announced that its CEO is getting ready to become non-executive chairman of the brand. ...
Wed, 3 Sep 2014
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Australia's Pacific Brands swings to annual net loss
Pacific Brands, Australia's largest-listed clothing manufacturer, on Tuesday swung to a net loss in the year to June, largely hit by one-off items even as sales revenue ticked up. ...
Wed, 3 Sep 2014
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Luxottica board to discuss possible CEO's exit on Sept 1
The board of Italy's Luxottica will discuss on Sept. 1 the future of Chief Executive Andrea Guerra, who is expected to leave the world's biggest luxury eyewear maker following disagreement with owner Leonardo Del Vecchio. ...
Wed, 3 Sep 2014
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Amazon developing own online advertising software - WSJ
Amazon Inc is planning to develop its own software for placing advertisements online, The Wall Street Journal reported, citing people with knowledge of the matter. ...
Wed, 3 Sep 2014
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Activist investor Engine Capital presses Ann Taylor for sale: WSJ
Activist Investor Engine Capital LP wants women's apparel retailer Ann Inc to sell itself, which it believes could fetch around $2.5 billion, the Wall Street Journal reported, citing people familiar with the matter. ...
Wed, 3 Sep 2014
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Clash at Luxottica could lead to CEO departure -sources
Luxottica, maker of Ray-Ban and Persol sunglasses, could part ways with Chief Executive Andrea Guerra due to disagreements over strategy with founder and chairman Leonardo Del Vecchio, according to sources close to the matter. ...
Thu, 28 Aug 2014
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