Fossil Group shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
LL Bean changed its lifetime return policy last Friday, transitioning to a more restrictive one year term. The company has now been sued by a consumer seeking to create a class action against the company for the change.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
Stockmann’s Performance is getting better but the firm isn’t in the clear yet as the Lindex chain owner is still facing big challenges. One of the biggest is that Lindex operation which is finding sales growth elusive.
H&M's e-tail business and new chains will be its biggest growth drivers in the next few years and are a focus for investment, it said Wednesday, as it also said that the start of the year has seen it discounting heavily.
Australia’s No. 1 department store chain Myer Holdings said on Wednesday CEO Richard Umbers would step down after its third profit warning in a year, boosting demands from its biggest shareholder for a board overhaul.
Much has been made of millennials’ dedication to sustainable brands but, according to a new study from LIM College, a fashion product’s eco-friendliness may be far from their first consideration when making purchases.