As a non-essential category of the beauty and personal care market, the recession hit the global fragrance industry hard. In particular, poor performances in key Western markets dragged down global fragrance growth in 2008/2009.
Cotton futures closed lower for the second straight day on Thursday due to heavy investor profit-taking and the fact that players from No. 1 consumer China were away for a holiday and are not coming back to the market until next week, analysts said.
Leather handbags and high heeled shoes will continue to gain room in women's wardrobes as luxury groups plan to increase their offer to spice up sales, Italian fashion houses said at Milan's shows this week.
Next's new fall trends will be available virtually from the U.S. as Sears.com announces on Wednesday its exclusive partnership with the UK fashion retailer. The affordable British designs join a host of international brands.