US sees momentum in Asia-Pacific trade talks
Talks on a free trade agreement between the United States and eight countries in the fast-growing Asia-Pacific region made good progress over the past week, but tough issues remain, the...
Today's News
Yoox and PPR in talks on e-commerce plan
Italian online fashion retailer Yoox and French luxury and retail giant PPR said on Thursday they were in talks on a possible e-commerce project. Both companies said no final agreement...
India's Lodha in talks to buy DLF's Mumbai land-sources
India's Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF , the country's largest listed real estate developer, for about $500 million, two sources with direct...
Global demand for gold dips 5%
Global demand for gold fell 5.0 percent in the first quarter of 2012 but demand in China hit record highs and outstripped that of megabuyer India, the World Gold Council said on...
Target posts higher first-quarter profit
Target Corp posted a higher profit on Wednesday as warm weather and an early Easter helped boost sales at the beginning of the quarter and it raised its expectations for the year.
Swatch eyes single or double digit sales growth
Swatch Group, the world's biggest watchmaker, is expecting high single or double-digit sales growth this year as demand from China and for middle and lower-price products holds up in the...
Peek & Cloppenburg recruits Miriam Lahage
Miriam Lahage, who stepped down as Managing Director of eBay Fashion last March, will join department stores Peek & Cloppenburg on 1st June. The retail expert will become Managing...
Coty withdrawal pressures Avon for turnaround
Avon Products Inc's loss of a $10.7 billion takeover bid from smaller cosmetics rival Coty Inc leaves shareholders hoping that new Chief Executive Sherilyn McCoy has a great turnaround...
Talbots, Sycamore extend exclusivity deal
Women's apparel retailer Talbots Inc and Sycamore Partners extended the exclusivity period for the private equity firm's non-binding $214.6 million takeover offer.
Strong Asia demand keeps Richemont optimistic
Richemont, the world's second-largest luxury goods group, said on Wednesday it was cautiously optimistic for the future despite the unstable economic environment as it posted...
J.C. Penney posts loss, sales tumble, cuts dividend
J.C. Penney Co Inc's attempt to remake itself as fashion-oriented chain and wean costumers off of coupons took a bigger toll on sales than expected in the first quarter.
Canada smartphones soon to double as credit cards
Canadians may soon be able to pay for purchases with a quick tap of their smartphones after a major bank and the country's largest wireless carrier struck a deal to embed credit card...
April retail sales hint at slower spending pace
Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.
John Lewis ups sales guidance, sees UK recovering
John Lewis, Britain's biggest department store group, has raised its sales guidance after outperforming a flat retail market in its first quarter and believes the economy is on course for...
Abercrombie quarterly profit shrinks
Abercrombie & Fitch Co posted an 88 percent drop in quarterly profit on Wednesday, hurt in part by difficult market conditions in Europe.
Chico's Q1 beats on robust sales
Women's apparel retailer Chico's FAS Inc reported better-than-expected quarterly results, boosted by strong sales at all its brands and the opening of new stores.
TJX raises profit view, shares rise
Off-price retailer TJX Cos Inc posted a bigger quarterly profit that topped Wall Street estimates on strong sales in Europe, and raised its full-year forecast, sending shares up as much...
Vatican, Benetton settle dispute over pope kiss ad
Italian fashion firm Benetton has agreed to make a donation to a Catholic charity to end a legal dispute with the Vatican over an advertisement that showed Pope Benedict kissing an imam...
London show celebrates 60 years of British glamour
A decadent gown made from feathers and a printed lace latex dress designed by some of fashion's luminaries will go on display as part of a new exhibition to celebrate the glitz and...
Historic diamond sells for $9.7 million
A centuries-old diamond passed down through generations of European royalty fetched nine million Swiss francs ($9.7 million) at auction in Geneva on Tuesday.
Saks sees gross margin down in current quarter
Saks Inc cautioned on Tuesday that gross margin will fall in the current quarter as it increases price cuts to clear inventory in areas like designer women's clothing, where sales...
Cotton: large stockpiles are driving prices down
The price of cotton fell to 77.16 cents last weekend as a result of an expected rise in American production and world stockpiles reaching a historic high.
Video: The Body Shop, Beauty with Heart in Action: Shea
The Body Shop recently unveiled model and actress Lily Cole as its Global Brand Advocate and face of its 'Beauty with Heart' campaign.
Dick's Sporting 1st quarter beats market expectations
Dick's Sporting Goods Inc reported quarterly results that comfortably beat Wall Street estimates, helped by stronger sales at its online business and Golf Galaxy stores.
Video: Royal Mail launches Great British Fashion series of stamps
The Royal Mail has launched a series of stamps celebrating Great British Fashion. Featuring designs from Vivienne Westwood, Alexander McQueen, Zandra Rhodes and Ossie Clark, the images...
Coty withdraws takeover bid for Avon
Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday evening, saying the world's largest cosmetics direct seller had missed a deadline to...
H&M April comparable sales fall 10 percent
Swedish budget fashion giant H&M said on Tuesday sales at stores open a year or more dropped 10 percent in local currencies in April, right in line with a Reuters poll forecast.
Swiss body extends Swatch watch components measures
The Swiss competition commission said it will extend measures for Swatch Group to supply mechanical components to competitors through 2013.
Switzerland, the land that time begot
A growing number of people are attracted to a career in horology as Swiss watch firms vie to meet buoyant Asian demand and to fill the hole left when industry heavyweight Swatch decided...
Italy's Ferragamo Q1 net rises 10 percent
Italian luxury shoemaker Salvatore Ferragamo said on Monday its net profit including minorities in the first quarter rose 10.2 percent to 17 million euros boosted by higher sales.
British label Paul Smith to re-enter China
British fashion label Paul Smith said Tuesday it was planning to open 24 stores in China over the next five years in its second attempt at tapping the country's booming luxury market.
Moscow show recalls fashion behind the Iron Curtain
A sweeping new Moscow fashion exhibit illustrates the evolution of Soviet couture behind the Iron Curtain from the post World War One era to Perestroika.
Platinum surplus expected this year: study
Platinum will remain in surplus this year, weighing on prices, but sister metal palladium will switch into a deficit as demand recovers, industrials group Johnson Matthey predicted Monday.
Selfridges named Department Store of the Year
Selfridges has won the title of department store of the year at the Global Department Store Summit, held in Paris on 10th and 11th May.
Avon shares up after saying to consider Coty bid
Avon Products Inc shares rose more than 5 percent in premarket trading on Monday, a day after the cosmetics company said it would consider the latest proposal from Coty Inc, raising hopes...
Levi’s opens on the Champs Elysées, Paris
It had been the American brand’s dream for so long. And now it’s become reality: Levi’s opened last week its flagship store on the Champs Elysées in Paris.
Video: Central Saint Martins & Lacoste Eau de Lacoste L.12.12 design competition winner
To celebrate the launch of the Eau de Lacoste L.12.12 Rouge fragrance, Lacoste teamed up with Central Saint Martin's and challenged students to design original visual statements that...
Diamond prices seen up in 2012 on sparkling demand
Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.
Francesca's fires CFO over social media activity
Women's specialty retailer Francesca's Holdings Corp said it fired its chief financial officer Gene Morphis after an internal probe found that he had improperly communicated company...
Italy's Safilo to cut 1,000 jobs
Italian eyeglasses maker Safilo said on Friday it plans to cut 1,000 jobs after losing a contract to manufacture eyewear for designer Giorgio Armani to larger rival Luxottica last November.
Avon to consider Coty's $10.7 billion takeover bid
Avon Products Inc on Sunday said it told Coty Inc that it would consider the smaller company's $10.7 billion (6.6 billion pounds) takeover bid and it expected to respond within a week.
Topshop in France: speculation resurfaces…
The highly anticipated British brand has provoked rumours of its arrival in France to resurface by hiring a French press agency. After previous failed attempts and the launch of Topshop...
Italy vies for fashion medal with Armani suits
Will Italians be the best-dressed squad of the London 2012 Olympic Games? The Italy team is pinning its hopes of striking gold in the style stakes on fashion guru Giorgio Armani, and his...
John Lewis sales rise as rain keeps falling
Britain's biggest department store chain John Lewis posted another double-digit rise in sales last week as the nation's wet weather proved favourable for its key household goods business.
Lectra appoints Bruno Mattia as Director, Strategic Accounts Fashion
Lectra has announced the appointment of Bruno Mattia as Director, Strategic Accounts Fashion.
Because the guys are worth it, too
Boutiques like Aesop and big multinationals such as L'Oreal, Estee Lauder and Unilever are finding that men, especially Asian men, are increasingly willing to shell out sizeable sums to...
Consumer morale takes a knock
Consumer morale in Britain worsened in April as people became more worried about the availability of jobs and shied away from buying big-ticket items like cars, a survey by lender...
Nordstrom takes hit on e-commerce expenses
Retailer Nordstrom Inc reported a quarterly profit below Wall Street's expectations after pouring tens of millions of dollars into its e-commerce business, and said it would spend more on...
Procter & Gamble to move beauty unit to Singapore
Procter & Gamble Co will move its skin care, cosmetics and personal-care headquarters from Ohio to Singapore to be closer to the growing Asian market, and the president of the group will...
Historic 'Beau Sancy' gem for sale next week
Glittering atop a succession of royal crowns, the 35-carat "Beau Sancy" diamond has been witness to 400 years of European history.