Finally a bit of good news for the storied American retailer: Sears reported its first quarterly profit in nearly two years on Thursday, buoyed by the sale of its Craftsman brand and a program to cut $1.25B in costs.
A new online survey has found that 31% of people would firmly prefer to have more time than money, and 44% believe experiences are more important than things, revealing new opportunities for retailers.
The window of Topshop’s global flagship store on London’s Oxford Street has been transformed into an interactive pool scene, complete with a 360º VR water slide, “ready to take customers on a fully immersive ride.”
PVH Corp reported $2 billion in revenue for the first quarter, buoyed by its two fashion flagship labels, but net income took a dramatic dive, due to various one-off expenses, including relocating Tommy Hilfiger's NY HQ.
He’s one of jewelry’s most influential creators; he’s founded and built De Grisogono into a 100 million-euros-plus brand; his creations adorn the world’s most beautiful women and Fawaz Gruosi throws a great party.
While some chains struggle in the Australian market, Inditex’s Zara is committed to the country and is seeing its operations growing but profit has fallen. The chain saw higher sales last year as it opened new stores.