Industry News

The latest updates from the accessories world

New York & Co. Swings into Q4 Profit

High stepping into Spring at New York & Co.

New York—It almost got lost in the flurry of big brands both here and in Europe reporting their most recent earnings report. But … [Read more...]

Leather Naturally Campaign Continues to Gain Momentum

Leather Naturally

Hong Kong--An initiative to help reposition leather as a high quality, environmentally friendly and sustainable product—as well as … [Read more...]

Hermès 2012 Profit Beats Expectations and Records

Vive le sport! Hermès' spring campaign

Paris—In marketing terms, Hermès enjoys a place at the top as “absolute luxury.” That rarified niche is proving lucrative, too, … [Read more...]

Ferragamo Full Year 2012 Profit Up 30%

From Ferragamo's Spring/Summer 2013 ad campaign

Florence, Italy—Helped by rising demand from Asia and foreign tourists buying its top quality, Italian-made footwear and … [Read more...]

Kering Buys French High-End Crocodile Tannery

Crocodile skin handbag as seen in the Fall/Winter 13/14 runway at Gucci, one of Kering's brands.

Paris—Kering, the French luxurygoods conglomerate previously known as PPR, said today that it has acquired French crocodile skin … [Read more...]

Limited Brands Adopts Temporary Name Change

Limited Brands will be known temporarily as "L Brands"

Columbus, OH—Springtime is known as time to renew and refresh so maybe that explains recent corporate name changes. Last … [Read more...]

Solid Nike Q3 Increases Surprise Wall Street

NIKE

Beaverton, OR—Shares of Nike leaped 12% on Friday after the world’s largest athletic wear and footwear maker reported third … [Read more...]

Tiffany Q4 Beats Estimates, Predicts 2013 Sales to Rise 6% to 8%

Tiffany & Co.

New York—Tiffany & Co. today forecast sales growth of 6% to 8% with improved sales in Asia and a promising new sterling silver … [Read more...]

Due to “Disappointing Sales,” Mulberry Expects Lower Full Year Profit

From Mulberry's Spring/Summer 2013 collection: Classic English tweed, floral-inspired detailing and signature Mulberry layered looks.

Somerset, England—Citing disappointing sales and a drop in tourist spending in its London stores, Mulberry Group Plc today issued … [Read more...]

Reporting Another Loss, Wet Seal Looks to a Fast Fashion Solution

Stay tuned: Wet Seal to hold its annual Model Search soon.

Foothill Ranch, CA—Wet Seal Inc. reported Thursday that it swung into a $85.8 million loss hit by taxes and other costs while its … [Read more...]

It’s Official: PPR to Be Renamed “Kering”

PPR Kering

Paris—PPR, the luxury and sport brands conglomerate behind Gucci, Yves Saint Laurent, Puma, Bottega Veneta etc., confirmed today … [Read more...]

H&M to Open 350 Stores This Year

Beyoncé is the face for H&M's summer campaign.

Stockholm—H&M announced Thursday that it plans to open more stores this year than expected, even as its first quarter profit … [Read more...]