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NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.
Sales at stores open at least a year rose 5.9 percent, while analysts were expecting a 2.6 percent increase,...
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SYDNEY, Australia — On my last trip to Sydney, a wave of international e-commerce and high-street arrivals were just starting to take hold in Australia. A sprawling new Westfield mall had just opened in the city’s central business...
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Antonio Azzuolo takes over starting with the spring 2014 collections.
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LONDON, United Kingdom — Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said annual profit fell 5.8 percent as consumers spent less on its fashion goods, even as food sales increased.
So-called underlying profit before tax fell to 665.2 million pounds ($1.01 billion) in the year ended March 30, the...
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“On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable” (Reuters)
Hong Kong-bound Mainlanders are no longer solely focused on luxury retail, diversifying their shopping jaunts towards mid-...
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LONDON, United Kingdom — Martha ‘Marty’ Wikstrom, chief executive of fashion and accessories at Compagnie Financière Richemont, has resigned from her post, the luxury group announced today. Richemont is the Swiss parent company of fashion, jewellery and watchmaking companies including Dunhill, Chloé, Cartier and Piaget.
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LONDON, United Kingdom — Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported full-year profit that beat analysts’ estimates, boosted by strong demand in China and Hong Kong, and raised its dividend 16 percent to 29 pence a share.
Adjusted pretax profit advanced 14 percent to 427.8 million pounds ($652.9...
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Pop star is to be a presenter at June 1 concert in London.
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PARIS, France — Menswear-focused media, publishing and e-commerce group MenInvest has acquired London-based e-tailer Oki-ni for an undisclosed amount. Oki-ni co-founders Charles Perez and Ben Banks will join MenInvest as shareholders and advisors.
MenInvest was launched...
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LONDON, United Kingdom — Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.
Vuitton’s brand value declined 12 percent from a year ago to $22.7 billion, Millward Brown Optimor estimated in its 2013 BrandZ study. While the...
NEXT STOP
| NEW YORK | WEDNESDAY & THURSDAY | JUNE 5 & 6 |
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by Dennis HOPPER
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HARING x FORMICHETTI
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by Giles DEACON
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