Tiffany & Co. lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home U.S. market, while rival Signet Jewelers also issued a disappointing forecast.
Wednesday, 23 May 2012 | Source: The New York Times
Uniqlo, the Japanese basics brand, is starting aggressive growth plans at shopping malls that are expected to include 20 to 30 new stores a year over the next eight years.
Myer, Australia's largest department store chain, cut its profit guidance for the year after posting a 2.1 percent decline in same-store sales in its fiscal third quarter as consumers stuck to their frugal shopping habits.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Online spending may be increasing but the venerable catalog is doing anything but fading away. In fact, it is still an important part of business for retailers.
Best Buy reported better-than-expected quarterly results, boosted by a lower tax rate and an extra week compared with a year earlier, as the world's largest consumer electronics chain closes stores and searches for a new chief executive.
Shares of high-end fashion group Ports Design, which resumed trading after being suspended for nearly two months, is down more than 35 percent lower on Tuesday after its chairman resigned for failing to disclose financial transactions.
Monday, 21 May 2012 | Posted By:
| Source: CNBC.com
Every so often, a movie depicts a character in an outfit that becomes iconic. What follows is a list of those that made an article of clothing famous, made characters famous for fashion sense, or managed some combination of the two.
U.S. retailers believe there is life left in their brick-and-mortar stores and they're trying new ways of making them more inviting by pampering customers — both the two- and four-legged kinds.
Lowe's, the world's second-largest home improvement chain, cut its fiscal-year earnings outlook on Monday and said demand had slowed toward the end of the traditionally strong first quarter, sending its shares down more than 3 percent.
Thursday, 17 May 2012 | Posted By:
| Source: CNBC.com
There’s been a lot of talk about Facebook’s valuation, but the real question behind that valuation, is how Facebook makes money and what its prospects are in the future.
The world's biggest retailer reported improved quarterly earnings and revenue on Thursday, topping Wall Street analysts' targets, as its Wal-Mart U.S. division showed a 2.6 percent rise in sales at stores open at least a year.
Flash-sale websites such as Gilt Groupe and Ru La La were hailed as disruptors in the ecommerce space, but recently there’s been a bit of a disruption in their success story, prompting some to wonder if flash-sale sites are more of a marketing gimmick than a sustainable business model... Read More
Flash-sale sites like Gilt.com, RueLaLa.com and BeyondtheRack.com came on the scene when recession-wary consumers were hungry for bargains and still reserved about their spending... Read More
Clayton Christensen the acclaimed innovation expert and author of "How Will You Measure Your Life?" offers some guidelines for finding meaning and happiness in work and in life.... Read More
"What if the real secret to selling more and being more profitable had everything to do with an unexpected and human honesty instead of focusing just on perception at all costs?" The author of Likeonomics takes a look at how likeability can restore trust in business.... Read More