Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
watches
Retail
Dutch Court Backs Swatch in $400 Million Row With Tiffany
An arbitration panel in the Netherlands had ordered Tiffany in December 2013 to pay Swatch $404.5 million in damages over the aborted project to produce and market watches.
Dutch Court Backs Swatch in $400 Million Row With Tiffany
An arbitration panel in the Netherlands had ordered Tiffany in December 2013 to pay Swatch $404.5 million in damages over the aborted project to produce and market watches.
News & Analysis
For Luxury Watchmakers, Grey Market Is a Necessary Evil
Unsold timepieces are finding their way from the industry's carefully controlled official retail networks to online platforms where they are often offered at steep discounts
For Luxury Watchmakers, Grey Market Is a Necessary Evil
Unsold timepieces are finding their way from the industry's carefully controlled official retail networks to online platforms where they are often offered at steep discounts
Luxury
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
Luxury
Montblanc Launched a Smartwatch. Here's Why It Matters
The company hopes to attract a mix of loyalists and also millennials who aren't necessarily accustomed to wearing anything on their wrists but who might try out a unique-looking smartwatch.
Montblanc Launched a Smartwatch. Here's Why It Matters
The company hopes to attract a mix of loyalists and also millennials who aren't necessarily accustomed to wearing anything on their wrists but who might try out a unique-looking smartwatch.
Technology
Swiss Smartwatches Multiply as Makers Hunt Millennials
With the flurry of new gadgets, watchmakers are trying to attract millennial shoppers in the middle of the longest downturn on record for the Swiss industry.
Swiss Smartwatches Multiply as Makers Hunt Millennials
With the flurry of new gadgets, watchmakers are trying to attract millennial shoppers in the middle of the longest downturn on record for the Swiss industry.
Technology
Swatch to Launch Smartwatch Operating System by 2018
The world's biggest watchmaker has previously been skeptical about smartwatches and has so far launched watches with limited connected features under its Tissot and Swatch brands.
Swatch to Launch Smartwatch Operating System by 2018
The world's biggest watchmaker has previously been skeptical about smartwatches and has so far launched watches with limited connected features under its Tissot and Swatch brands.
Retail
Swatch Sees Rebound in US, Europe as Watch Sales Improve
The watchmaker forecast a rebound in US and European markets, adding to further signals that the industry’s longest slump on record may be ending.
Swatch Sees Rebound in US, Europe as Watch Sales Improve
The watchmaker forecast a rebound in US and European markets, adding to further signals that the industry’s longest slump on record may be ending.
Luxury
TAG Heuer Sees Higher Sales on New Smartwatch, China
The Swiss watch brand expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces.
TAG Heuer Sees Higher Sales on New Smartwatch, China
The Swiss watch brand expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces.
Luxury
Vacheron Constantin Makes Online Debut With $45,000 Watches
Swiss watchmakers have been increasingly embracing e-commerce to reach a younger clientele that is less interested in wearing watches.
Vacheron Constantin Makes Online Debut With $45,000 Watches
Swiss watchmakers have been increasingly embracing e-commerce to reach a younger clientele that is less interested in wearing watches.
Luxury
Report: Four Richemont Brand CEOs Including Dunhill to Depart
Richemont plans to name new chief executive officers for four of its luxury brands including Vacheron Constantin and Dunhill, according to a person familiar with the situation.
Report: Four Richemont Brand CEOs Including Dunhill to Depart
Richemont plans to name new chief executive officers for four of its luxury brands including Vacheron Constantin and Dunhill, according to a person familiar with the situation.
News & Analysis
Swiss Watchmakers Cautiously Optimistic for US, China in 2017
Luxury watchmakers have been grappling with a combination of weak demand in Hong Kong and the United States, and Chinese tourists avoiding Europe for fear of militant attacks.
Swiss Watchmakers Cautiously Optimistic for US, China in 2017
Luxury watchmakers have been grappling with a combination of weak demand in Hong Kong and the United States, and Chinese tourists avoiding Europe for fear of militant attacks.
Luxury
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.