Penske Media Corp. has acquired Fairchild Fashion Media’s trade magazines, including WWD and Footwear News, from Condé Nast Publications for allegedly $100 million, say sources.
The troubled teen retailer has re-hired its former chief executive Julian Geiger to improve performance.
Skinny jeans have reigned supreme for years. But now a whole host of alternatives, from yoga pants to fancy sweatpants, have cropped up.
BoF compiles the most important professional moves of the week.
SEATTLE, United States — Nordstrom Inc., the largest U.S. luxury department-store chain, missed same-store sales estimates in the most recent quarter as the retail industry struggles to lure customers with promotions.
Macy’s Inc., the second-largest U.S. department-store company, posted earnings that trailed analysts’ estimates after discounts meant to lure shoppers eroded profit margins.
LOS ANGELES, United States — American Apparel Inc., the clothing retailer whose founder is fighting to regain control of the company, posted a preliminary second-quarter net loss of $15 million as it failed to boost sales.
NEW YORK, United States — Kate Spade & Co., the handbag maker with aspirations to be a global lifestyle brand, jumped as much as 12 percent in early trading after beating quarterly earnings estimates and raising its annual forecast.
NEW YORK, United States — Barneys New York has agreed to pay $525,000 to settle a lawsuit over claims that it targeted black and Latino customers for credit-card fraud checks and surveillance while they shopped in its luxury clothing stores, city officials said on Monday.