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Financial Markets

Chanel Sees Dip in Sales, Profits

Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.

Financial Markets

Chanel Sees Dip in Sales, Profits

Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.


News & Analysis

Fashion Industry Reacts to Charlottesville Violence

Industry leaders including Ralph Lauren, Tory Burch, Steven Kolb and Virgil Abloh denounce the violent racism of thousands of Nazi-saluting white supremacist marchers who descended on Charlottesville, Virginia last week.

News & Analysis

Fashion Industry Reacts to Charlottesville Violence

Industry leaders including Ralph Lauren, Tory Burch, Steven Kolb and Virgil Abloh denounce the violent racism of thousands of Nazi-saluting white supremacist marchers who descended on Charlottesville, Virginia last week.


Retail

Dollar Stores Stand their Ground in Escalating Retail Price War

Dollar Tree Inc and Dollar General Corp, which together operate more than 28,000 stores across the US, have said they don't need to keep cutting prices to stay competitive.

Retail

Dollar Stores Stand their Ground in Escalating Retail Price War

Dollar Tree Inc and Dollar General Corp, which together operate more than 28,000 stores across the US, have said they don't need to keep cutting prices to stay competitive.


Retail

Alibaba's Sales Beat Estimates on Surging Consumer Demand

Revenues rise 56 percent to 50.2 billion yuan at China's biggest e-commerce company takes on bricks and mortar stores  

Retail

Alibaba's Sales Beat Estimates on Surging Consumer Demand

Revenues rise 56 percent to 50.2 billion yuan at China's biggest e-commerce company takes on bricks and mortar stores  


Luxury

Coach Shares Sink After Kate Spade Acquisition Weakens Forecast

Coach Inc's weaker-than-expected annual forecast sent shares down by the most in four-and-a-half years. Projected earnings were hurt in part by efforts to pull Kate Spade from many department stores.

Luxury

Coach Shares Sink After Kate Spade Acquisition Weakens Forecast

Coach Inc's weaker-than-expected annual forecast sent shares down by the most in four-and-a-half years. Projected earnings were hurt in part by efforts to pull Kate Spade from many department stores.


News & Analysis

Report: JAB Starts Formal Sale Process for Bally

JAB, which sold Jimmy Choo to Michael Kors Holdings for $1.2 billion in July, is continuing to offload its luxury portfolio.

News & Analysis

Report: JAB Starts Formal Sale Process for Bally

JAB, which sold Jimmy Choo to Michael Kors Holdings for $1.2 billion in July, is continuing to offload its luxury portfolio.


News & Analysis

Under Armour Chief Executive Resigns From President Trump’s American Manufacturing Council

Kevin Plank is the second executive to leave the council on Monday, following widespread disapproval of President Trump’s response to violent protests led by white supremacists over the weekend in Charlottesville.

News & Analysis

Under Armour Chief Executive Resigns From President Trump’s American Manufacturing Council

Kevin Plank is the second executive to leave the council on Monday, following widespread disapproval of President Trump’s response to violent protests led by white supremacists over the weekend in Charlottesville.


Technology

Report: Poshmark in Talks to Raise Funding

The fashion re-commerce platform is reportedly in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million.

Technology

Report: Poshmark in Talks to Raise Funding

The fashion re-commerce platform is reportedly in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million.


News & Analysis

VF Corp's Dickies Acquisition Bolsters $30 Billion Workwear Industry

The deal, announced Monday, supplements VF’s portfolio, which already includes Wrangler and Timberland. Sales in the workwear category rose 8 percent last quarter, outpacing sportswear and fashion denim.

News & Analysis

VF Corp's Dickies Acquisition Bolsters $30 Billion Workwear Industry

The deal, announced Monday, supplements VF’s portfolio, which already includes Wrangler and Timberland. Sales in the workwear category rose 8 percent last quarter, outpacing sportswear and fashion denim.


News & Analysis

Tiffany & Co May Recover $19.4 Million in Case Against Costco

A federal judge has ordered Costco to pay at least $19.4 million in damages to Tiffany & Co over the illegal sale of counterfeit diamond engagement rings bearing the "Tiffany" name.

News & Analysis

Tiffany & Co May Recover $19.4 Million in Case Against Costco

A federal judge has ordered Costco to pay at least $19.4 million in damages to Tiffany & Co over the illegal sale of counterfeit diamond engagement rings bearing the "Tiffany" name.