Even the world's mega-rich are feeling the effects of the worst recession in seven decades. Luxury isn't what it used to be. According to research, conspicuous consumption is frowned upon and greed has been replaced by a new frugality.
The European Commission is expected to propose next month extending anti-dumping duties on imports of Chinese-made shoes for two years instead of the normal five-year period, diplomatic and industry sources said.
Donald Fisher, who co-founded Gap Inc with his wife Doris forty years ago, died after a battle with cancer, the clothing retailer said. He was 81.
Swedish fashion retailer H&M has signed up French designer Sonia Rykiel for its next two collections, the latest in a string of big-name partnerships aimed at helping the brand reach more upmarket shoppers.
British fashion retailer New Look is interested in returning to the London stock market, but the earliest this is likely to happen is spring 2010, a source close to the matter said.
A new fashion magazine built on daydreams, fantasy and fairy-tales in an unashamed flirtation with teenaged girls has become this season's "must read" at London Fashion Week.
Blumarine's Anna Molinari incited a riot of colours at Milan Fashion Week as muted hues clothed Alberta Ferretti's babydolls and Gianfranco Ferre's sophisticates.
Anglo-Dutch food and cosmetics giant Unilever said it had made a binding offer of 1.28 billion euros (1.83 billion dollars) for the personal care operations of US giant Sara Lee Corp.
John Lewis, the employee-owned group seen as a barometer of UK retailing, posted a 6.6 percent rise in weekly department store sales, helped by a weak figure the same time last year and demand for its new "Value" range.
Giorgio Armani let the body do the talking in Milan, with his spring/summer 2010 collection using bold linear cuts to set off bare shoulders and legs.
The next generation of Savile Row tailoring set out its stall this week, revealing a gentle change to centuries of sartorial service.
Mauritius-based clothing group Ciel Textiles Limited posted a 51.16 percent slump in full-year net profits that it blamed on a fall in demand and aggressive price cutting.
British retailer Marks & Spencer is expected to report, at best, a slight improvement in its sales trend during its second quarter, as the debate over the successor to executive chairman Stuart Rose rumbles on.
Swiss watchmaker Omega has extended its deal as one of the IOC's top sponsors and will be the Olympic Games' official timekeeper until 2020, the International Olympic Committee said.
Finish Line Inc swung to a second-quarter net loss from a year-ago profit as its now-discontinued Man Alive chain weighed on the athletic shoe and apparel retailer.
