Wednesday, May 4, 2016 at 3:21pm
Fitbit Inc. proved that the market for wearables continues to grow with a first-quarter sales gain of 50 percent. But the company also demonstrated how the sector is growing more competitive, a dynamic that’s pushed it to ramp up spending on research and development, taking a... read more
Wednesday, May 4, 2016 at 3:02pm
Gildan Activewear Inc. said it was acquiring Alstyle Apparel LLC from Ennis Inc., for a total cash price of $110 million. Alstyle manufactures and markets activewear T-shirts and fleece. The acquisition will expand Gildan’s penetration in printwear markets and allow Gildan to... read more
Wednesday, May 4, 2016 at 1:50pm
CALVIN SKIPS CANNES: Calvin Klein, which has thrown some of the splashiest events at the Cannes Film Festival in collaboration with the Independent Filmmaker Project for the past five years, is taking a pass this year. The company has decided to cancel its annual party, which... read more
Wednesday, May 4, 2016 at 1:29pm
Department stores are facing an uphill battle, according to RBC Capital Markets analyst Brian Tunick. The stores are stretched thin between spending big bucks on online efforts and creating off-price concepts, while suffering from shrinking margins and balance sheet worries.... read more
Wednesday, May 4, 2016 at 1:18pm
GENEVA — Trading partners including the U.S. lauded the open trade regime of Honduras in a World Trade Organization forum, but also urged the Central American nation to diversify its export mix, currently heavily dependent on coffee, bananas and apparel products from export... read more
Wednesday, May 4, 2016 at 12:44pm
WASHINGTON — Apparel and textile imports from China plunged in March compared with a year earlier, driving down the combined total in imports to the U.S. by double digits, the Commerce Department’s monthly trade report showed Wednesday. All but India of the top 10 combined... read more
Wednesday, May 4, 2016 at 12:25pm
PARIS — L’Oréal Paris is ramping up its digital presence at the Cannes Film Festival, which begins next Wednesday. “We are giving our audience full access to the Cannes experience, and inviting them to live these moments alongside our spokespersons with exclusive live coverage... read more
Wednesday, May 4, 2016 at 11:46am
WASHINGTON — Mickey Kantor knows all about bruising battles with Congress to get a major trade deal passed — he was U.S. Trade Representative under President Bill Clinton from 1993 to 1996 when the North American Free Trade Agreement was passed. NAFTA is once again coming into... read more
Wednesday, May 4, 2016 at 10:24am
Giovanni Lepori has been named the general manager of Acqua di Parma in North America. In his new position, Lepori will report to Gianluca Toniolo, the chief operating officer of Acqua di Parma. Prior to joining the LVMH Moët Hennessy Louis Vuitton-owned Italian fragrance house... read more
Wednesday, May 4, 2016 at 10:13am
E-Pitti, the portal of Florence-based trade producer Pitti Immagine launched with FieraDigitale in 2011, teamed with Google to organize a workshop held in Florence June 13 a day before international men’s wear trade show Pitti Uomo kicks off. Named Modae Connection, the... read more