PARIS — A chill in Asian markets and a slowdown in fashion and leather goods headlined what analysts described as ...
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NEW YORK — Kellwood is back in acquisition mode. Kellwood Holding LLC, parent company of Kellwood Co., has acquired Parker, a ...
In a surprise shift, Wal-Mart Stores Inc. has tapped its top Far East executive to revive its stores at home ...
By Rida Khan 25 July, 2014Fragrance and flavour maker Givaudan confirmed its mid-term targets after first-half net profit rose 13 percent, helped by strong volume gains and lower operational costs.
By Rida Khan 25 July, 2014Love Culture Inc on Wednesday filed for Chapter 11 bankruptcy and said it is up for sale, becoming the latest women's apparel retailer to seek protection from creditors. The company, which according to its website has 82 stores stretching from Massachusetts to Hawaii, joins Ashley Stewart Holdings Inc, Coldwater Creek Inc, Dots LLC and Loehmann's Inc among retailers to file for bankruptcy since late last year as consumers curb spending.
By Rida Khan 25 July, 2014EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fended off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites. The company reported second-quarter revenue of $4.37 billion, versus $3.88 billion a year ago and the $4.38 billion that Wall Street had expected, on average.
By Rida Khan 25 July, 2014Bangladesh's anti-corruption agency filed charges on Wednesday against 18 people accused of breaching regulations over the construction of a building that collapsed last year killing more than 1,130 people.
By Rida Khan 25 July, 2014Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices. The secret of its success: placing huge orders for top-selling items like socks, tops and jeans and passing on the savings to shoppers.
By Rida Khan 25 July, 2014Spanish-based retail chain Zara, whose "fast fashion" business model has helped make it one of the world's biggest clothing brands, plans to pioneer a new stock control system to make its supply chain even speedier.
By Rida Khan 22 July, 2014While Fast Retailing is currently looking for suppliers in India, its flagship brand Uniqlo may open a thousand stores in the country, over the next ten years.
By Rida Khan 22 July, 2014Following the lead of Net-A-Porter, which opened its Net-A-Sporter activewear arm on July 9, the Italian e-commerce giant Yoox is now also entering sportswear.
By Rida Khan 22 July, 2014Ermenegildo Zegna is transforming itself into a vertical company, controlling all stages of the production chain — everything from raw materials to producing the fabrics, manufacturing the clothing and selling them.
By Rida Khan 22 July, 2014Speculation over the future of German department store chain Karstadt flared again on Friday after a newspaper reported that billionaire Nicolas Berggruen could sell out to Austrian investor Rene Benko and Israeli businessman Beny Steinmetz. Daily paper Bild said that Berggruen was in talks with Vienna-based Signa, Benko's property vehicle, which could buy more than 70 percent of Karstadt for 1 euro ($1.36).