Handbag maker Tapestry Inc., formerly Coach, reported a drop in third-quarter margins and a steeper-than-expected decline in same-store sales in its Kate Spade business on Tuesday, sending its shares down 11 percent.
Deckers has named William L. McComb, former CEO of Liz Claiborne, Inc., to its Board of Directors, hoping to tap his experience leading e-commerce and omni-channel initiatives, and turning retail brands around.
Coty unveiled a blended reality experience in its recently redone Bourjois boutique in Paris where customers can physically hold product samples and virtually test them without hygienic concerns using augmented reality.
After OrotonGroup received a takeover proposal from shareholder Will Vicars earlier in the month, creditors of the Australian accessories company said the firm will back the AU$25 million rescue plan proposed.
Major shareholder Will Vicars has proposed he will acquire the ailing Australian leather goods brand for the sum of AU$25 million. The bid has been approved by administrations and will go to a vote on March 29