Nordstrom Inc's quarterly revenue declined 6% from pre-pandemic levels, sending its shares down 7% aftermarket as investors pitted the lackluster result against strong growth at rivals Macy's and Kohl’s.
Listing on major stock markets is something of a trend for the fashion sector at present and the latest company set to launch an initial public offering is the Swiss shoemaker backed by tennis superstar Roger Federer.
The American beauty group's revenues exceeded expectations between April and June, benefitting from recovering cosmetics sales, but the company remains cautious in the face of the spread of the Delta variant.
Balmain has partnered with UK broadcaster Channel 4 to create a first of its kind new short-form drama show. The series airs next month, streaming globally, with the stars wearing Balmain for all episodes.
London's West End may still be a long way from normality, but the key shopping neighbourhood is bouncing back and on Monday, major landlord Shaftesbury emphasised that fact with its latest trading update.
There was some good news coming out of Marks & Spencer for once on Friday as it upgraded its profit outlook after shoppers went online to buy more of its revamped clothing offer and also bought plenty of its foods.
British supermarket and general merchandise retailer Morrisons has agreed a takeover offer worth £7 billion from US private equity group Clayton, Dubilier & Rice (CD&R), dropping its recommendation of a lower bid
Amazon.com Inc is planning to open large physical shops in the United States that will operate like department stores, the Wall Street Journal reported on Thursday, as the e-commerce giant expands its stores footprint.
Coach and Kate Spade owner Tapestry Inc forecast annual revenue and profit above estimates after posting better-than-expected results on Thursday, expecting the reopening of economies to boost demand for luxury goods.