The athleisure trend is here for the long term say analysts at GlobalData with its new report saying Asos’s decision to target the £2.5bn sports apparel market is a reflection of the category’s durable appeal.
Coach Inc forecast full-year revenue below Wall Street estimates as the bag maker's efforts to pull out products, including those of newly acquired Kate Spade, from department stores hits sales, sending its shares down.
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, sources said on Monday.
A federal judge on Monday said Tiffany & Co may recover at least $19.4m in damages from Costco Wholesale Corp over the warehouse club chain's illegal sale of counterfeit diamond engagement rings under the "Tiffany" name.
Japan's cautious consumers are starting to loosen up, spending more and offering hope that domestic demand - and not just exports - will be strong enough to reflate an economy that has been sluggish for many years.