H&M Q3 Profit Jumps 22%, Beating Estimates

H&M

Stockholm—Helped by a promising launch of its U.S. online store, improved margins and cost controls, H&M reported today that … [Read more...]

LVMH Takes Stake in J.W. Anderson, Names Him to Loewe

J.W. Anderson's fall/winter campaign

Paris—For the second time in a week, LVMH, the luxurygoods giant, announced an investment in an aspiring fashion label, taking a … [Read more...]

Ascena Q4 Profit Soars Past Expectations

Dressbarn touts accessories in a  fall 2013 promotion

Suffern, NY—Buoyed by online sales and improved gross margin, Ascena Retail Group reported Monday that its fourth quarter profit … [Read more...]

Holiday Sales to Rise at Least 4%, Deloitte Says

Holiday shopping on mobile devices

New York—A second, bit-more-optimistic forecast for holiday sales was released Monday by Deloitte. Citing the slowly improving … [Read more...]

Moving More Upscale, Louis Vuitton Hires New Accessories Designer

Actress Michelle Williams appears in Louis Vuitton's campaign for its new higher end Capucine handbag, made of Taurillon calf leather

Paris—One of the goals that Louis Vuitton this year was to move the brand more upscale, pruning back on its offerings in its … [Read more...]

Report: JCPenney Explores Further Financing

JCPenney

Plano, TX—JCPenney reportedly is working with Goldman Sachs Group Inc. about raising additional capital, possibly seeking loans … [Read more...]

Economic Worries Spook Consumer Spending for Halloween?

Halloween Costumes

Washington—With major retailers slated to begin their holiday sales campaigns before Halloween this year, those plans could be … [Read more...]

Sequential Brands Gains NASDAQ Listing

Ellen Tracy

New York—Sequential Brands Group, Inc., which is behind such brands as Revo, William Rast and Ellen Tracy, announced today that … [Read more...]

LVMH Takes Majority Stake in British Footwear Designer

Shoes from Kirkwood's Chevron collection

London—LVMH, the world’s largest luxurygoods conglomerate, once again is looking to build up-and-coming designer brands. Today, … [Read more...]

Report: Richemont to Sell Lancel?

Lancel

Paris—Although Cie Financiere Richemont, the luxurygoods company, declined to confirm rumors, reports circulated today that its … [Read more...]

Foot Locker Adds Online Store to Its For-Women-Only Concept

SIX:02

New York—Foot Locker Inc.’s SIX:02 retail concept for women exclusively has now expanded into e-tailing.Originally launched in … [Read more...]

Neiman Marcus Swings into Q4 Profit as Sales Hit Peak

Neiman Marcus

Dallas—Some good news for Ares Management LLC and the Canada Pension Plan Investment Board, who confirmed last week plans to buy … [Read more...]