Music doesn't account for a large portion of Hot Topic's overall business. In fact Betsy McLaughlin, the CEO of the teen apparel and lifestyle retailer, says music CDs and DVDs are only "a single-digit part of what we sell."
Slowing purchases of clothing and accessories may spur consolidation in the fashion industry, Liz Claiborne Inc's chief executive said on Friday, but the owner of the Juicy Couture and Kate Spade brands is not looking to make acquisitions right now.
IT Holding , the Italian company behind fashion brands including Malo and Gianfranco Ferre, mandated its chairman to continue exclusive talks with Chinese businessman Billy Ngok until the end of the year.
Stella McCartney, one of the only luxury fashion houses that does not use animal furs and leather, has poached the business development director of Lanvin to lead the British fashion brand, part of the Gucci Group.
Italian luxury shoe and bag maker Tod's SpA will have "an optimal" 2008 if the current trend continues, or even if it slows a little, Chairman and Chief Executive Officer Diego Della Valle said on Tuesday.
For years the undisputed leader at high-end hair salons, L'Oreal is losing its shine as hair stylists turn to cheaper products from rivals such as Germany's Wella and Schwarzkopf to weather an economic downturn.
Italian eyewear maker Luxottica Group SpA sees 2009 being difficult as consumer spending slows, its chief executive told Corriere della Sera newspaper, but added that the company would continue investing.
U.S. teen apparel retailer Abercrombie & Fitch Co named advertising agency executive Jonathan Ramsden as its new chief financial officer on Friday, erasing a degree of uncertainty ahead of the key holiday shopping season.
Hermes on Thursday became the latest European luxury group to cut its sales growth target, caught by global consumer spending gloom, and said trading worsened in October, sending its shares down sharply.