Tesco reported pre-tax profit fell by 91.9 percent to £112 million in the first half of 2014, as it confirmed that previously profits had been overstated by £263 million, more than the £250 million originally estimated.» Read More
Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.
Retailers will likely hire fewer workers for this holiday season than they have since 2001 as many worry that consumers will spend less on holiday shopping, an outplacement firm said Monday.
What do talking pens, seven out-of-staters, and Basque cuisine all have in common? Boise and the Boise State University Broncos. It has been 9 months and a few days since Boise State rocked the college football world with its unexpected victory in the Fiesta Bowl over Oklahoma outside Phoenix.
U.S. stock futures are pointing lower this morning as new credit worries in Europe drag down banking shares there and wipe out yesterday's euphoria in the financial sector.
Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and recorded the biggest decline in almost a year when car sales are excluded. Meanwhile, consumer sentiment was steady in early September.
Macy's CEO Terry Lundgren told me that thinks that holiday sales will be 'great' this year. Back-to-school went well, he says, and he expects customers to be hungry for new clothes and fashion by the time the Spring runway looks (showing now) make it to the racks.
I have never gotten up and just walked out on a fashion show. On Tuesday, I RAN out of the Calvin Klein collection even before the runway show began. But it had nothing to do with the clothes. No joke--the line for the Calvin Klein runway show was two blocks long..
Retailer Toys "R" Us said Wednesday that it is expanding its efforts to inform shoppers of the latest toy recalls after a slew of Chinese-made toys were recalled this summer due to unsafe levels of lead paint.
I've often remarked that retailers and financials are trading like a recession is already on, but industrials, techs and materials are trading like the global economy may be slowing slightly but is still holding up...who's right? The odd thing is that both may have it right.
Home Retail Group delivered an upbeat trading statement Wednesday and predicted strong first-half results boosted by growing like-for-like sales at catalog store Argos, but results from Homebase disappointed.
China's retail sales growth surged in August to its quickest pace in more than three years, beating forecasts, but analysts said the jump largely reflected stronger inflation, not necessarily quicker underlying growth.
From Rapper L.L. Cool JJ to Saks CEO Steve Sadove to Jack Mitchell of the family-run Mitchell/Richards retailer-to-the-CEO-crowd stores and Gildo Zegna himself....the front rows at the Z Zegna show encapsulated the mix of sensibilities behind the younger Zegna house. In its second New York runway appearance (I covered the first one at Fashion week last year), the Z Zegna show was once again a hot ticket.
Just 2 days before her first guest designer line debuted at mid-tier department store Kohl's, designer Vera. Wang showcased her ready to wear line at Fashion Week. The collection featured dark colors (rusts, grays, black) a smattering of metallics and lots of layered, blousy tunics.
McDonald's Tuesday reported an 8.1 percent rise in August sales at restaurants open at least 13 months, beating at least one analyst's expectations and sending shares up 3 percent in morning trade.
Media companies have a pretty clear model--they create TV and movie content, and they try to monetize that content over a number of platforms, from video-on-demand, to most notably, the Internet. Now media companies are fostering creative divisions to create significant amounts of content designed entirely for distribution online.
"High School Musical's" blockbuster success shows just how dialed in Disney is to its audience. And now the Magic Kingdom hopes to plug in that magic into a new line of consumer electronics...
In a sex- saturated culture, ladylike and elegant are not often used when describing fashion design. While Ralph Lauren, Oscar de la Renta and Carolina Herrera have built empires on elegant and stately--they tend to appeal to a demographic older than twenty-something.
For the Tech Check segment on "Closing Bell" today, a look back and a look ahead at cool technology making headlines. First up, next Monday will be a big day for chipmaker Advanced Micro Devices. The company has rented out a big chunk of George Lucas' facility on San Francisco' Presidio where AMD will unveil its long-awaited, and long delayed server chip code-named Barcelona.
As you might imagine, the Apple news and iPod releases generated enormous interest this week, and then the news cycle kicked into overdrive yesterday with word of Apple's plans for a $100 rebate to all existing iPhone owners who bought the thing at full price just two short months ago.
Baseball, football, basketball and other sports all have those expensive skyboxes in their stadiums, where the "elite" get to sit for a hefty price. But a skybox for fashion? Yup, they've got em too. The video here is my story on them from Fashion Week, that I did on last night's "On The Money."