Week in Review: Top Stories from the Web

Harin Yang

Runway look by Harin Yang at Parsons Annual Show

New York–Memorial  Day made for a shorter week, but still one jam-packed with news thanks to the flurry of earnings reports from retailers. On the luxury side, Tiffany & Co. and Michael Kors, for example, reported that luxury sales are indeed rebounding in Asia-Pacific and even the United States. And though teen retailers, such as Abercrombie & Fitch, are experiencing growing pains, off pricer Ross Stores continues to release strong results.

Earnings report weren’t the only things on retailers’ minds this week. The National Retail Federation and about two dozen retailers issued a strong rebuke of a proposed settlement over swipe fees charge card companies levy.

Tiffany Posts Better-Than-Expected Q1 Profit, Sales

Michael Kors’ Q4 Profit Nearly Doubles on Strong Sales

NRF Asks U.S. Judge to Reject Swipe Fee Settlement 

Ross Stores Raises 2013 Forecast on Strong Q1 Results

Parsons Benefit Honors Fashion Elite, Top Graduates

Abercrombie & Fitch Q1 Comp Sales Sink, Lowers Forecast

PacSun Brings California Lifestyle to SoHo As Pop-Up Store

Charges Hit DSW Q1 Profit But Still Beats Estimate



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