Investors Brace for More Volatility With Trump Set to Address Congress
The president’s remarks come at a pivotal point for markets.
Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
Kohl's Results Top Analysts' Estimates
The company reported a strong quarterly profit and same-store sales, as the department store chain sold more apparel at full price, helping boost margins.
Kohl's Results Top Analysts' Estimates
The company reported a strong quarterly profit and same-store sales, as the department store chain sold more apparel at full price, helping boost margins.
Farfetch Files for IPO, Testing Investors' Appetite for Luxury
Farfetch's soaring sales could make for one of the fashion world's biggest public listings in years, though the London-based marketplace has yet to show it can sell luxury apparel online and turn a profit.
Farfetch Files for IPO, Testing Investors' Appetite for Luxury
Farfetch's soaring sales could make for one of the fashion world's biggest public listings in years, though the London-based marketplace has yet to show it can sell luxury apparel online and turn a profit.
Mulberry Shares Bruised by House of Fraser’s Collapse
Mulberry was owed £2.41 million by House of Fraser before it went into administration.
Mulberry Shares Bruised by House of Fraser’s Collapse
Mulberry was owed £2.41 million by House of Fraser before it went into administration.
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.
Nordstrom Avoids Department-Store Carnage as Sales Accelerate
The Seattle-based chain posted a 23 percent gain in e-commerce sales and 4 percent uptick in same-store sales overall in its latest earnings report.
Nordstrom Avoids Department-Store Carnage as Sales Accelerate
The Seattle-based chain posted a 23 percent gain in e-commerce sales and 4 percent uptick in same-store sales overall in its latest earnings report.
J.C. Penney's Shares Tumble
The company's shares lost a quarter of their value after the company posted lower-than-expected quarterly results.
J.C. Penney's Shares Tumble
The company's shares lost a quarter of their value after the company posted lower-than-expected quarterly results.
Walmart's E-Commerce and Comparable Sales Jump in Q2
The company's total revenue increased 3.8 percent to $128 billion, beating analysts' estimates of $125.97 billion.
Walmart's E-Commerce and Comparable Sales Jump in Q2
The company's total revenue increased 3.8 percent to $128 billion, beating analysts' estimates of $125.97 billion.
Amazon to Open Service Centre in Colombia
The world's largest online retailer will open its first customer service centre in Colombia in October and employ 600 people.
Amazon to Open Service Centre in Colombia
The world's largest online retailer will open its first customer service centre in Colombia in October and employ 600 people.
Kate Spade Eyes Rebound as It Breaks Away From Flash Sale Past
The recovering label, known for its happy-go-lucky style, had been struggling to win back customers after growing too ubiquitous with aggressive flash sales.
Kate Spade Eyes Rebound as It Breaks Away From Flash Sale Past
The recovering label, known for its happy-go-lucky style, had been struggling to win back customers after growing too ubiquitous with aggressive flash sales.
Luxury Is Rising, But For How Long?
Tough comparables and the uncertainty linked to trade wars have dampened the effects of yet another string of great results.
Luxury Is Rising, But For How Long?
Tough comparables and the uncertainty linked to trade wars have dampened the effects of yet another string of great results.
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
THE NEWS IN BRIEF
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
True Religion Acquired by Private Equity Firm Acon Investments
The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally.
Sneaker Maker Golden Goose Is Said to Kick Off Milan IPO Soon
Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
Kim Kardashian Hires Wall Street Talent to Bulk Up Buyout Firm
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.
US Economy Shrinks for a Second Quarter, Raising Recession Odds
Gross domestic product fell at a 0.9 percent annualised rate after a 1.6 percent decline in the first three months of the year, the Commerce Department’s preliminary estimate showed Thursday.