Retail, Business Leaders Decry Congress’ Actions in U.S. Budget Gridlock

Debt Crisis

Washington—President Obama today took Congress to task over its 11th hour resolution of the government shutdown and lifting the … [Read more...]

Report: Private Equity Firm Makes Bid on Lancel

Lancel

Paris—Even though owner Richemont, the Swiss luxurygoods conglomerate, won’t confirm intended sales, sources said Wednesday that … [Read more...]

False Bankruptcy Rumor Sinks JCPenney Stock

JCPenney

Plano, TX—Although the United States government may face default Thursday should the U.S. Congress fail to pass a compromise debt … [Read more...]

Wet Seal Lowers Q3 Forecast on Weaker Traffic

Wet Seal

Foothills Ranch, CA—Citing the need for more promotions amid a competitive retail environment where traffic is down, Wet Seal Inc. … [Read more...]

LVMH Q3 Sales Edge Up as Fashion, Leathergoods Sales Slow

LVMH

Paris—What has been seen as a juggernaut of luxurygoods seemingly immune to recession repercussions, LVMH, today reported that its … [Read more...]

Macy’s to Open on “Grey Thursday” (Thanksgiving Day)

Macy's Thanksgiving Day schedule: Parade, 9 a.m. to noon; stores open 8 p.m.

New York—Americans this year may have to eat their Thanksgiving dinners a bit faster (or leave off the dessert) as it looks as if … [Read more...]

Coldwater Creek Mulls “Strategic Alternatives” Including Sale

Fall style at Coldwater Creek

Sandpoint, ID—With forecasts that its third quarter sales are falling even further behind, Coldwater Creek said Monday that it … [Read more...]

Ghesquière to Louis Vuitton? Not So Fast, LVMH Says

Nicolas Ghesquière: Louis Vuitton's next creative director?

Paris—No wonder the international fashion community wants this so bad: it seems like the perfect matchup—rising star and former … [Read more...]

Gap Inc.’s September Comp Sales Disappoint

Denim looks for fall at Gap stores

San Francisco—Reporting Thursday after the close of markets, Gap Inc. gave a September sales report that disappointed analysts and … [Read more...]

September Comp Sales “Sluggish” as Consumer Confidence Wanes

Shopping Cart Button

New York—A drop in consumer confidence, warmer temperatures, and lack of a fashion must have resulted in September comparable … [Read more...]

Richemont: Net-a-Porter is Not for Sale

Fall must-haves at Net-a-Porter: Gucci skirt, Lanvan handbag, Aquazzura shoes

Bellevue, Switzerland—Cie. Financiere Richemont SA, the luxurygoods conglomerate that owns Cartier, Van Cleef & Arpels, … [Read more...]

Fast Retailing Reports Record Year But Still Misses Target

Recently opened Uniqlo store in Bridgewater Commons, New Jersey. Fast Retailing plans more than 100 stores in the United States within a few years.

Tokyo—Fast Retailing Co Ltd, Asia's biggest retailer, today reported record sales and operating profit but missed its profit … [Read more...]