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Tod’s 9-Month Profit Falls 21.6%

In Industry News, What's New by Jeff PrineLeave a Comment

Ancona, Italy—Tod’s reported that its nine-month profit dropped 21.6% as costs rose and fewer of its high margin leathergoods were sold. For January to September, the leathergoods and footwear brand posted earnings before interest, tax, depreciation and amortization (EBITDA) at 156.4 million euros (about $194.3 million), missing analyst expectations for …

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Retailers Applaud Extended Chinese Visas, Encouraging International Shopping

In Industry News, What's New by Accessories StaffLeave a Comment

Washington–The National Retail Federation today was among the retail groups that applauded the announcement that the United States and China have agreed to extend Chinese business and tourist visas from one year to 10 years. “We applaud the administration for moving to reduce travel restraints on international shoppers and tourists,” …