Tuesday, August 30, 2016 at 10:30am
PARIS — Chanel reported that operating profits fell 22.7 percent last year to $1.6 billion as revenues sank 16.9 percent to $6.24 billion. Chanel International BV, a company registered in the Netherlands, filed the figures with the Amsterdam chamber of commerce. It is... read more
Tuesday, August 30, 2016 at 9:48am
Wella Professionals is expanding its salon color purview — and targeting a younger demographic —with the introduction of Color Touch Plus. Launching in September, Color Touch Plus is Wella’s new semi-permanent color line, which is designed to cover up to 70 percent of gray... read more
Tuesday, August 30, 2016 at 8:17am
DSW Inc. beat analyst estimates for the second quarter and delivered inline sales as the shoe retailer managed to stay on track despite retail challenges. Net income for the quarter fell to $25 million, or 30 cents a diluted share, down from $37 million, or 42 cents, a year ago... read more
Tuesday, August 30, 2016 at 7:45am
Outerwear brand Canada Goose bolstered its executive team today with three appointments. The company named Lee Turlington chief product officer; Jackie Poriadjian-Asch chief marketing officer, and Scott Cameron executive vice president of e-commerce, stores and strategy.... read more
Tuesday, August 30, 2016 at 7:37am
Positive expectations on the jobs front helped boost consumer confidence in August after slipping slightly in July. The Conference Board’s Consumer Confidence Index is now at 101.1, up from 96.7 in July. Both components of the index were up as well, with the Present Situation... read more
Tuesday, August 30, 2016 at 7:24am
Comprising 26 percent of the global population, Generation Z is a large demographic. But a new report from Fung Global Retail & Technology also reveals how, what and why they spend. And in the U.S. alone, consumers spent $829.5 billion on Generation Z, “whose members have... read more
Tuesday, August 30, 2016 at 7:00am
Could Anna Wintour, Graydon Carter and David Remnick have even more competition in the wings? President Obama is trying his hand at magazine editing, and he’s starting with Condé Nast’s technology-inspired title Wired. Working in magazines appears to be a new hobby for the... read more
Tuesday, August 30, 2016 at 6:36am
Fewer sales at flagship and tourist locations hurt Abercrombie & Fitch’s second-quarter results, pushing the retailer to a wider net loss and a 4 percent drop in comparable-store sales. For the three months ended July 30, the net loss was $13.1 million, or 19 cents a... read more
Tuesday, August 30, 2016 at 6:27am
G-III Apparel Group Ltd., stock is plunging more than 19 percent to $33.50 in early trading after the company reported that its sales decreased in the second quarter and lowered its outlook. G-III said the net loss for the quarter was $1.3 million, or negative 3 cents a diluted... read more
Tuesday, August 30, 2016 at 3:28am
All-around California lifestyle brand Volcom gets together with irreverent skate label Anti-Hero for the second time this year to tease an upcoming Holiday 2016 collection. Regarding the collab, Volcom team rider and Anti-Hero pro skater Grant Taylor called this collaboration... read more