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Ted Baker shrugs off winter worries with strong sales rise
British designer clothing brand Ted Baker posted a strong rise in third-quarter sales on Thursday, shrugging off the impact of warm autumn weather that has caused problems for rival retailers. ...
Wed, 19 Nov 2014
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JC Penney reports flat same-store sales as autumn sales slow
J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Wednesday but said same-store sales were flat and slightly cut its full year revenue forecast, sending shares of the department store chain lower in extended trade. ...
Wed, 19 Nov 2014
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Amazon getting serious about drone deliveries
Amazon is looking to expand its research and development activities in Cambridge and, if a recent job posting is anything to go by, that expansion appears to be in the area of building an unmanned airborne parcel delivery system. ...
Wed, 19 Nov 2014
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Monster Herbie: latest collection inspired by Karl Lagerfeld
Following a collection dedicated to Shu Uemura, Karl Lagerfeld’s cat is now at the heart of an accessories collection designed by the Kaiser for his eponymous label. Now, cat lovers (and Lagerfeld lovers) will be able to treat themselves to an accessory or two from the Monster Choupette collection. ...
Wed, 19 Nov 2014
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Amazon to keep investing in cloud despite margin pressure
Amazon.com Inc plans to build data centres in every large country over time as part of a broader investment push that will eventually make the Internet retailer's cloud computing arm the largest part of its business. ...
Wed, 19 Nov 2014
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Tod's 9-month core profit falls more than expected
Italian luxury shoemaker Tod's posted a larger-than-expected 21.6 percent fall in nine-month core earnings on Wednesday as it sold fewer higher margin products while costs rose. ...
Wed, 19 Nov 2014
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Tory Burch opens its largest store in Shanghai
Tory Burch is accelerating its expansion in Asia. The American label, launched in 2004 by designer-entrepreneur Tory Burch, celebrated—along with a whole host of Chinese celebrities—the opening of a new, 9,600-ft2 store in late October in Shanghai’s Kerry Center shopping complex on Nanjing Xi Lu. ...
Wed, 19 Nov 2014
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Levi Strauss announces it will cut an additional 500 jobs
After 800 jobs cut since the beginning of the year, the American group has announced the second stage of its job cuts plan called "Global initiative for productivity". This plan aims to subcontract part of the group's general services, meaning the elimination of 500 jobs. ...
Wed, 19 Nov 2014
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Ralph Lauren recruits former Louis Vuitton President of Southern Europe
Geoffroy van Raemdonck is taking over for John Hooks, President of Ralph Lauren Europe since 2011, according to Women’s Wear Daily. ...
Wed, 19 Nov 2014
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Chloé creates new capsule collection for Studio Voltaire
Chloé is sponsoring Studio Voltaire's 'House of Voltaire' charity pop-up store this year. It is the third time the space has popped-up, and the first time it is being supported by a major luxury partner, with money raised from sales going towards the arts charity's diverse projects. ...
Wed, 19 Nov 2014
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Columbia revises its annual forecast upwards
Columbia Sportswear has reported a 29% jump in its net sales to $675.3 million for its third quarter ended September 30. For the period, its operational income increased 28% to $98.3 million and net income grew 20% to $65.6 million. ...
Tue, 11 Nov 2014
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Down Jacket Brand Moncler’s feathers ruffled on stock market
The broadcast exposed the inhumane practices of a Hungarian company that plucks geese live. The report went on to accuse Moncler of having moved production abroad (primarily to Eastern Europe) in order to increase its margins. ...
Tue, 11 Nov 2014
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Primark sales up over 10 percent in first 6 weeks of new year
Discount fashion retailer Primark has enjoyed a strong start to its new financial year despite warm autumnal weather which has prompted rivals to warn on profits. ...
Tue, 11 Nov 2014
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Hugo Boss trims outlook on slowing economy
German fashion house Hugo Boss trimmed its 2014 sales and profit outlook on Tuesday due to the slowing European economy even as it reported third-quarter sales rose faster than expected. ...
Tue, 11 Nov 2014
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Daughter of Zara founder declares 5 percent Inditex stake
One of the daughters of Inditex founder Amancio Ortega has declared ownership of a 5 percent stake in the company, making her the second-largest shareholder in the world's largest retailer, owner of the Zara fashion chain. ...
Tue, 11 Nov 2014
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L'Oreal manages sales growth despite Western European slowdown
French cosmetics group L'Oreal said Monday it managed to record a 2.0 percent gain in third quarter sales despite a soft performance in Western Europe and a drop in the mass market segment. ...
Tue, 11 Nov 2014
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Gucci reorganizes in China
Gucci is reorganizing its management in the Greater China region, where the brand has particularly suffered a sales decline this year. Earlier this year, the Italian, Kering-owned luxury label adopted a new structure for the Asia-Pacific region, including in Japan so that “the company’s headquarters might work more directly with ...
Tue, 4 Nov 2014
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Macy’s to open first store outside U.S.
Macy’s is expanding overseas. The American department store has announced the future arrival of its store in Abu Dhabi. It won't be the only American store though, seeing as Bloomingdale's will be setting up shop there as well. However, the latter already has a presence in the United Arab Emirates, ...
Tue, 4 Nov 2014
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