New York—While Ralph Lauren Corp. today beat estimates with a 35% rise in its fourth quarter profit, the company’s sales and … [Read more...]
Industry News
The latest updates from the accessories world
Report: Neiman Marcus + Saks Deal Pending?
New York—Could longtime luxury retail rivals Neiman Marcus and Saks Inc. be headed for a corporate marriage? That’s the … [Read more...]
May 23, 2013 -
Sales Rise Bolsters L Brands Q1 Profit
Columbus, OH—L Brands Inc. (formerly known as Limited Brands) posted Wednesday a 14% increase in first quarter earnings as sales … [Read more...]
May 23, 2013 -
American Eagle Outfitters Q1 Profit Hit by Sales Decline
Pittsburgh—“A tough macro-environment as well as cooler weather” hindered sales in American Eagle Outfitters Inc. first … [Read more...]
May 23, 2013 -
Cato Q1 Profit Down 3% on Softer Sales
Charlotte, NC—Cato Corp. said today its first quarter profit declined 3% as sales fell due to “difficult economic … [Read more...]
May 23, 2013 -
Weak Sales Cut Target’s Q1 Profits by 29%
Minneapolis—Following up its April warnings that its first quarter results would be weaker than expected, Target Corp. today … [Read more...]
May 22, 2013 -
TJX Q1 Profit Up 8% on Comp Sales, Margins
Framingham, MA—TJX Companies, one of the largest off-price retailers, said Tuesday that its fiscal first quarter profit rose 8% … [Read more...]
May 22, 2013 -
Neiman Marcus Alters Approach to Chinese Market
Dallas—With many top luxurygoods brands warning of a slowdown in China, Neiman Marcus seems to be taking a cautious … [Read more...]
May 22, 2013 -
Burberry Gains 14% Profit as Asia Sales Prosper
London—In what was viewed as a dramatic turnaround in the luxury market, Burberry Group PLC today reported a pretax profit ahead … [Read more...]
May 21, 2013 -
Saks Inc. Beats Earnings Estimates Despite 38% Profit Decline
New York—Saks Inc. today reported that its first quarter profit sank 38% from last year, but its adjusted figures actually beat … [Read more...]
May 21, 2013 -
Style Guru to Launch Lingerie-Inspired Handbag Collection
New York--Fun, fearless fashionistas can now take the lingerie out of the bedroom and onto the streets. Bestselling author of … [Read more...]
May 21, 2013 -
Urban Outfitters Q1 Profit Jumps Despite Sales Miss
Philadelphia—Urban Outfitters Inc. Monday reported a 39% increase in profit in its first quarter, helped mainly by higher sales … [Read more...]
May 21, 2013 -
