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.
Luxury brand Chanel has acquired a majority stake in Italian knitwear factory and one of its long-time suppliers Paima. This brings Chanel’s total acquisitions in Italy over the past year to four.
Sainsbury’s shares dipped slightly on Tuesday after surging in double-digits on Monday due to speculation that a takeover offer could be just around the corner.
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.
From May to July, the American sneaker specialist saw its sales rise 9.5% to $2.275 billion, while its net earnings increased 10 times compared to the previous year.
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.
The high-end sandal manufacturer, which is based in Linz am Rhein, in Rhineland-Palatinate, has revealed plans to invest around 100 million euros in its industrial expansion.
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.
Farfetch is continuing its rapid expansion and in the three months to June 30 — its fiscal second quarter — the luxury fashion retailer saw most metrics heading in the right direction.
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
US department store chains Macy's and Kohl's Corp are leaning on a strong back-to-school season to sustain a sales recovery fueled by shoppers splurging on perfumes, shoes and dresses.
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.
