Tiffany & Co reported lower-than-expected quarterly sales and a surprise drop in comparable sales, underscoring the jeweler's struggles with a strong dollar that has crimped tourist spending and weak demand at home.
It may only have been a 0.7% rise but an uplift in Japanese department store comparable sales during April was welcome nonetheless. It was the first increase in 14 months but came alongside a dip in clothing sales.
Zalando, Europe's biggest pure online fashion retailer, said on Wednesday it would open its new Nordic distribution hub in Brunna, near Stockholm, with the aim to speed up delivery across the Nordic region.
Dubai's Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Germany's Rocket Internet for $151 million (£116.5 million) as competition for technology deals heats up in the Middle East.
Marks & Spencer made headlines Wednesday morning as profits went into freefall and fashion sales dipped. But a full-price sales rise and other upbeat news meant the turnaround is on track and the share price is rising.
Nylon Media Inc. is taking one step deeper in influencer marketing and has announced its acquisition of Simply Stylist, the premier fashion and beauty event and conference company linking influencers and brands.
Pre-tax profit may have fallen at UK property firm Shaftesbury in the six months to March 31 but net profit rose 28% and it said its retail tenants saw strong sales as tourist spending helped central London “flourish”.
Liz Earle is leaving the brand she founded 22 years ago with friend Kim Buckland in order to focus on “new projects and partnerships” in the health and wellness arena, as well as on her Liz Earle Wellbeing magazine.