Department store operator J.C. Penney Co Inc's shares fell more than 4 percent Friday as analysts questioned the company's ability to keep cutting costs and its vulnerability to customers being shocked by rising gas prices.
Mid-tier department store operator Kohl's Corp expects more sales gains this year, while discount retailer Target Corp said fewer shoppers were defaulting on their credit card debt, signs that consumers' finances are gradually getting better.
Until recently, Paule Ka only conducted business within the company itself, but the women’s fashion brand, created by Serge Cajfinger, has just signed its first license agreement with the eyewear company L’Amy until 2016 for eyeglasses and sunglasses.
In tribute to the opening of its first boutiques in the United States, Maje is going to launch a new capsule collection exclusively at Barney's department stores before anywhere else in the world. The 14-piece line was designed by Vanessa Traina, the American model who is also the face of the new campaign.
Former Primark director, Julian Kilmartin, has been appointed the new head of design and merchandising at New Look. Meanwhile, the company’s design director, Barbara Horspool, is moving to fashion chain Oasis.
Grupo Pao de Açucar, Brazil's largest diversified retailer, said on Wednesday that fourth-quarter net income surged 145 percent as red-hot demand propelled sales of everything from food products and apparel to consumer electronics.
Scheduled for the end of London Fashion Week, the opening of Roland Mouret’s first ever boutique has been highly anticipated by consumers and fashionistas in London. The new store is located at 8 Carlos Place in Mayfair.