Saks sees sales rising and speeds up e-commerce launch
Saks Inc reported higher-than-expected first-quarter sales on Tuesday and said it would speed up the launch of an e-commerce site for its outlet chain as it tries to catch rivals.Its...
Today's News
TowerBrook to acquire French jean brand Kaporal
Kaporal is entering a new era as investment funds TowerBrook takes a majority stake in the brand, not long after signing an agreement for the acquisition of jeanmakers True Religion.
France’s MenLook buys Oki-Ni.com
MenInvest, the parent company of France’s MenLook, has increased its online retailing presence with the acquisition of British e-retailer Oki-Ni.com, a site that specializes in premium...
Armani turnover exceeds 2 billion euros
Italian fashion group Giorgio Armani's sales revenue rose over 2.0 billion euros ($2.6 billion) last year - a 16-percent increase from 2011 and including an 11-percent jump in crisis-hit...
Galeries Lafayette Haussmann unveils new lingerie and swimwear section
Galeries Lafayette on Boulevard Haussmann in Paris opened its new lingerie department May 6, a complete makeover that will be celebrated with a party for clients on May 21.
Burberry profit rises 14 percent on Asia retail growth
British luxury group Burberry said full-year pretax profit rose a better-than-expected 14 percent on strong retail growth in Asian markets, where it is increasing numbers of Burberry...
Marks & Spencer posts second straight fall in year profit
British retailer Marks & Spencer posted its lowest annual profit since 2009 on Tuesday as a struggling clothing and homewares division dragged on growth in food sales.
Richemont fashion and accessories head steps down
Richemont said Marty Wikstrom is resigning as chief executive of its fashion and accessories businesses, the latest in a string of recent management changes at the world's second biggest...
Urban Outfitters sales miss Wall Street estimates despite profit increase
Teen apparel retailer Urban Outfitters sales missed analysts' estimates even as reduced discounting helped shore up profit in the first quarter.
Armani and D&G struck off Milan fashion week roster
Top Italian designers Giorgio Armani and Dolce & Gabbana can no longer be on the official programme of Milan Fashion Week because they are not due-paying members of the national fashion...
Lower income shoppers still feeling pinched, US retailers say
Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to...
Bangladesh court orders action against factory owner in November fire
A Bangladesh court on Sunday banned the owner of a garment factory that was destroyed in a fire in November from leaving the country as anger builds up over a string of deadly incidents...
Harper's Bazaar to launch in France
Following in the footsteps of Stylist and Vanity Fair, Harper's Bazaar has announced plans to launch a French edition. Publishing houses Hearst and the Marie-Claire have already named...
H&M mulling production in South America and Africa
Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on Monday.
Marks & Spencer to post second straight fall in year profit
British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
Camera della Moda recruits star power to bring back Milan center stage
With Bertelli (Prada), Della Valle (Tod's), Angela Missoni and Ermenegildo Zegna serving as vice presidents to President Mario Boselli, the National Chamber of Italian Fashion wants to...
Club Monaco launches a ‘social lookbook’
To create a buzz around its next collection, Club Monaco enlisted the help of eight well-known bloggers to model the looks which will feature on the brand's Tumblr account.
French probe finds LVMH built up Hermes stake in secret
The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a...
Qatar Holding and Italian fund eying Versace
Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said on Saturday.
Cannes Festival rocked as Chopard jewels are stolen
Jewellery worth $1.4 million due to be loaned to stars at the Cannes Film Festival was stolen from a local hotel in a pre-dawn heist on Friday but the coveted Palme d'Or trophy was safe,...
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