Industry News

The latest updates from the accessories world

Retail, Business Leaders Decry Congress’ Actions in U.S. Budget Gridlock

Debt Crisis

Washington—President Obama today took Congress to task over its 11th hour resolution of the government shutdown and lifting the … [Read more...]

Report: Private Equity Firm Makes Bid on Lancel

Lancel

Paris—Even though owner Richemont, the Swiss luxurygoods conglomerate, won’t confirm intended sales, sources said Wednesday that … [Read more...]

Retailers’ Holiday Hit: Free-Shipping Offers

Free Shipping

Washington–From Neiman Marcus to Walmart, free-shipping offers will not be hard to find this holiday season.According to … [Read more...]

H&M Helps American Red Cross Provide Disaster Relief

Delia Jimenez, of Evans, Colorado reaching out to hug Red Cross worker, Jody Weyers, for her comfort and support as she was viewing her damaged home for the first time following the floods in Colorado last month. Photo: Hector Emanuel/American Red Cross

New York—Stockholm-based H&M may have built its business into the second largest clothing retailer in the world due to its … [Read more...]

Paris Show Offers Contest for Leather, Fur Innovators

"Sculpture on fur" by
Atelier Marion Chopineau

Paris—A Paris-based “tailor-made design area” at a leather and fur trade show is looking for a few good designers—basically 10 who … [Read more...]

NRF Survey: Congressional Gridlock to Stymie Holiday Shoppers?

Debit Ceiling Crisis

Washington–It appears that the proposed bipartisan settlement the U.S. Congress is considering today to avoid default will be … [Read more...]

False Bankruptcy Rumor Sinks JCPenney Stock

JCPenney

Plano, TX—Although the United States government may face default Thursday should the U.S. Congress fail to pass a compromise debt … [Read more...]

NPD on Holiday: Consumers to Spend More But Seek Out Better Deals

Holiday Shopping

Port Washington, NY–While consumers say they plan to spend more this holiday compared to last year, their comparison shopping and … [Read more...]

Wet Seal Lowers Q3 Forecast on Weaker Traffic

Wet Seal

Foothills Ranch, CA—Citing the need for more promotions amid a competitive retail environment where traffic is down, Wet Seal Inc. … [Read more...]

LVMH Q3 Sales Edge Up as Fashion, Leathergoods Sales Slow

LVMH

Paris—What has been seen as a juggernaut of luxurygoods seemingly immune to recession repercussions, LVMH, today reported that its … [Read more...]

Macy’s to Open on “Grey Thursday” (Thanksgiving Day)

Macy's Thanksgiving Day schedule: Parade, 9 a.m. to noon; stores open 8 p.m.

New York—Americans this year may have to eat their Thanksgiving dinners a bit faster (or leave off the dessert) as it looks as if … [Read more...]

Coldwater Creek Mulls “Strategic Alternatives” Including Sale

Fall style at Coldwater Creek

Sandpoint, ID—With forecasts that its third quarter sales are falling even further behind, Coldwater Creek said Monday that it … [Read more...]