LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group. » Read More
March 18- Upscale jeweler Tiffany& Co reported a better-than-expected profit for the holiday quarter as it raised prices and benefited from lower prices of diamonds, gold and silver. Weakness in the global economy and a strong dollar have hurt Tiffany and other luxury retailers such as Nordstrom Inc, Neiman Marcus Group and Macy's Inc-owned Bloomingdale's as...
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of this fiscal year as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have discouraged tourists from buying luxury items, hurting companies including Tiffany,...
I think to be fair, the numbers are not great, says Brian Nagel, Oppenheimer & Co., breaking down's Tiffany's quarterly results and weighing in on the state of the luxury retailer. The strength of the U.S. dollar has been a big headwind for Tiffany, says Nagel.
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of 2016 as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have reduced tourist spending on luxury items in the United States. The company's net income declined...
Stacey Widlitz, SW Retail Advisors, shares her outlook on the retail sector. Retailers are stuck with a huge overhang of inventory, says Widlitz. Also Widlitz says she's beginning to see some tourism flow back into London's luxury retailers.
Harmit Singh, Levi Strauss & Co. CFO, discusses how the company plans to grow its brand.
CALAFAT, Romania, Feb 9- O utside a clothing factory in Calafat in southern Romanian early one morning, hundreds of workers crowd around makeshift stalls to stock up on snacks and drinks for their shift. But even inside the European Union- in Romania and Bulgaria particularly- workers can endure poverty-level wages, long hours and arduous conditions to make...
*2015 net profit falls 21 pct to 1.12 bln Sfr, lags poll avg. ZURICH, Feb 3- Swiss watchmaker Swatch Group reported a worse than expected 21 percent drop in net profit to 1.12 billion Swiss francs on a drop in sales on Wednesday, blaming strong exchange rates, but forecast a pick-up in sales in 2016.. Swatch proposed an unchanged dividend of 7.50 francs per bearer share...
*3rd qtr sales of $1.40 bln vs est. Sees 2016 revenue of $4.65 bln. Shares of the handbag and accessories maker jumped 16 percent to $46.80 in premarket trading on Tuesday.
More than 40,000 golf professionals and fans are gathered in Orlando, Florida, for the annual PGA Merchandise Show.
There isn't a single area of the world where Nike's not "blowing it away," says Cramer, discussing the company's quarterly results and conference call.
In China's saturated sportswear industry, the key to winning, Adidas' Greater China boss says, is knowing what customers want.
Animal rights group PETA may've hit its hardest market: Hong Kong.
The gold and diamonds of Cartier are so popular with women that the brand is finding it difficult to market watches to men.
Bud Konheim, Nicole Miller CEO, weighs in on the pulse of the retail sector and talks about the difference between those stores with "trade" and those with "traffic."
We try to incorporate fit, fabric and function into the brand, says Tom Patterson, Tommy John founder and CEO, discussing how advance technology has allowed his company to produce lightweight, comfortable men's underwear .
The future of watches could be smart technology within a classic design, says Jordy Cobelens, CEO of TW Steel, the Dutch watchmaker known for its oversized timepieces.
NFL Hall of Famer Franco Harris now runs an athletic apparel company called Silversport, which promises to keep socks, shirts and towels odor-free.
The departure of maverick founder Takao Yasuda has unnerved investors in Japanese retailer Don Quijote, the Financial Times reports.
This small business uses the newest knitting tech to crank out its apparel.