Industry News

The latest updates from the accessories world

Expenses Put Neiman Marcus into Q4 Loss, Sales Rise

Neiman Marcus

Dallas—Neiman Marcus Group reported today that it swung into a fourth quarter loss despite an increase in sales due to expenses … [Read more...]

Richemont Sales Growth Slows in First Five Months

cartier

Geneva—Hit by currency exchanges, Compagnie Financiere Richemont AG, parent to Cartier, Van Cleef and other top luxury brands, … [Read more...]

Felix + Iris Rx Eyewear Sees Opportunity Online

Felix + Iris

Greenwood, IN—It’s getting easier and easier for consumers to find fashionable prescription eyewear online with a great … [Read more...]

Inditex Margins, Profits Hit in Overseas Markets

zara

Madrid—Inditex, owner of the Zara, delivered a strong set of first-half results as better cost control offset weaker gross margin … [Read more...]

Timberland to Hit $3.1 Billion in Revenue by 2019

timberland

New York—Timberland is on track to grow revenue by $1.4 billion over the next five years, parent company VF Corporation said … [Read more...]

Accessories Council to Sponsor Emerging Designer Competition

Cover

New York—The most famous names in accessories, such as Louis Vuitton, Coach, or Michael Kors, have had their fair share of … [Read more...]

Sears to Borrow $400 Million Following Ratings Downgrade

Chairman/CEO Edward Lampert

Hoffman Estates, IL—Sears Holdings is borrowing $400 million from an investment fund headed by the department store retailer’s … [Read more...]

Neiman Marcus Goes International with Luxury Website Purchase

MyTheresea.com

Dallas—Neiman Marcus Group hasn’t had an international presence until today. The luxury retailer revealed it is purchasing a … [Read more...]

Retailers Applaud Efforts to Reform the National Labor Relations Board

nrflogo

Washington—The National Retail Federation today expressed strong support for the National Labor Relations Board Reform Act, … [Read more...]

Macy’s Inc. Outlines Omnichannel Strategies, Including Apple Pay

macy's

Cincinnati—Macy's, Inc. today outlined its latest advancements in omnichannel strategy and technology as the company continues to … [Read more...]

Ann Inc. Again Defends Position as Investors Urge Sale

loft

New York—Ann Inc. has once again moved to defend its position after investors have again urged the women’s specialty retailer to … [Read more...]

H&M Q3 Sales Beat Forecast

Preview of Alexander Wang's collaboration with H&M coming this November

Stockholm--H&M today reported a 16% rise in its third quarter sales boosted by August revenue that exceeded estimates.In … [Read more...]