Industry News

The latest updates from the accessories world

LVMH Fined $10 Million Over Stake Accumulation in Hermès

LVMH logo

Paris—The Autorite des Marches Financiers (AMF), the French stock market regulator, today fined LVMH 8 million euros (about $10.4 … [Read more...]

America’s Wealthiest Women’s Favorite Brand? Tiffany, Michael Kors

From Tiffany's Ziegfeld Collection

New York—Which brands do America’s ultra-wealthy consumers like best? Tiffany & Co. and Michael Kors.That’s what the … [Read more...]

Finish Line Q1 Profit Fall, But Sales Rise on New Macy’s Shops

Sales of women's athletic footwear, like this pair of Nike Free Bionic workout shoes, are on the rise at The Finish Line thanks to its new Macy's shops.

Indianapolis—Finish Line reported Friday that its first quarter profit fell nearly 60% due to costs associated with open its shops … [Read more...]

Burlington Coat Factory Hopes to Raise $175 Million in IPO

Burlington Coat Factory

Burlington, NJ—Private equity firm Bain Capital, which owns Burlington Coat Factory, last week told the Securities and Exchange … [Read more...]

Belk Becomes the Latest Retail Sponsor for “Project Runway”

Project Runway

Charlotte, NC—With its announcement that its stores will be the retail partner for the 12th season of “Project Runway,” Belk Inc. … [Read more...]

Nike Q4 Surprises with Profit Up 22% on Strong Sales

nike

Beaverton, OR—Nike reported Thursday a better-than-expected fourth quarter earnings thanks to strong sales in North America and … [Read more...]

Games Giant Tiptoes into Sock Licensing Deal

candycrushsocks

San Francisco and Stockholm—Time was when the film, television and music industries sought out licenses as a way to promote their … [Read more...]

Loehmann’s Leases Shoe Departments to DSW

Beginning in December, Loehmann's will be leasing out its shoe departments

New York—Loehmann’s, long known for its off-price offerings of designer and brand womenswear, accessories, footwear and menswear, … [Read more...]

Week in Review: Top Accessories, Retail Stories

stuartvevers

New York--Life has its ups and downs and this week had plenty of gains and losses.On the gain side, Saks Inc., parent to Saks … [Read more...]

Chanel Tops List of China’s 50 Most Popular Luxury Brands

Backstage at the Cruise 2013/14 fashion show with Karl Lagerfeld and models

Shanghai—With China the key target for expansion among luxury brands (nearly all brands for that matter), the top ranked brands … [Read more...]

Another Vestige of Johnson-Era JCPenney Ends

JCPenney

Plano, TX—Another top executive brought into JCPenney during the tenure of ousted CEO Ron Johnson has left. What’s more, her … [Read more...]

NRF Asks Congress to Delay Health Care Reform Implementation

ACA

Washington–The National Retail Federation (NRF) today urged Congress and the Obama Administration to delay implementation of the … [Read more...]