Study: Ultra-Wealthy Spend More on Experiences, Less on Accessories?

Wealthy Shoppers

New York—Although a new survey of ultra-wealthy U.S. consumers by the Luxury Institute found pentamillionaires plan to spend more … [Read more...]

Neiman Marcus Q3 Profit Up 13%

Neiman Marcus

Dallas—Amid various rumors that Neiman Marcus Group might launch an IPO or even be part of a merger with rival Saks Inc., the … [Read more...]

G-III Swings into Q1 Profit on Strong Sales, Better Margins

Calvin Klein

New York—Shares of G-III Apparel, producer of licensed apparel and accessories for brands such as Calvin Klein, Tommy Hilfiger and … [Read more...]

LVMH to Face $13 Million Fine Over Stake in Hermès?

LVMH and Hermes

Paris—Luxurygood giant LVMH could have to pay a fine up to 10 million euros (about $13 million) from France's financial markets … [Read more...]

Genesco Q1 Profit Hit by Charges, Low Comp Sales

Lids

Nashville, TN—Hit by charges and lower comparable store sales at its Lids Sports Group and Schuh stores, Genesco, Inc. today a … [Read more...]

Despite Profit Fall, Express Beats Q1 Expectations

Express

Columbus, OH—Express Inc.'s first quarter earnings fell 23% as the youth-oriented fashion retailer posted flat comparable store … [Read more...]

Delia’s Q1 Loss Widens, Names New CEO

Delia's

New York—Noting “disappointing” performance in what the company called a “challenging retail” environment, Delia’s today reported … [Read more...]

Costco’s 3Q Profit Tops Views, Sales Disappoint

Costco storefront and logo

Issaquah, WA—Continuing to attract consumers seeking to save money, Costco today reported a 19% increase in third quarter profit … [Read more...]

Michael Kors’ Q4 Profit Nearly Doubles on Strong Sales

michaelkorssummer

New York—True to its reputation as "one of the fastest growing fashion accessories brands in the U.S.,” Michael Kors Holdings Ltd. … [Read more...]

Weather, Margins Chill Chico’s Q1 Profit, Comp Sales

From Chico's "Travelers' Collection"

Fort Myers, FL—Chico's FAS, Inc. today reported its first quarter profit fell 4.7% as comp store sales were flat and gross margin … [Read more...]

Charges Hit DSW Q1 Profit, But Still Beats Estimate

Summer promotions at DSW

Columbus, OH—Despite a sales boost from new stores, DSW Inc. today reported that its first quarter net income declined 13% hit by … [Read more...]

Despite Profit, Sales Decline, Wet Seal Shows Improvement in Q1

Chain Strap Halter Maxi Dress and Accessories from Arden B

Foothill Ranch, CA—In what some analysts say is indication that its turnaround is working, Wet Seal Inc. reported Tuesday that … [Read more...]