Tiffany CEO Kowalski To Retire, President Cumenal To Take Over

President Frederic Cumenal will take over as CEO at Tiffany's | Source: Courtesy

NEW YORK, United States — Tiffany & Co. Chief Executive Officer Michael Kowalski will step down in 2015 after more than 15 years running the luxury jeweler, passing the reins to President Frederic Cumenal.

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Primark Plans US Expansion, But Will They Succeed?

Shoppers in a Primark store | Source: Reuters

MADRID, Spain — Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices. The secret of its success: placing huge orders for top-selling items like socks, tops and jeans and passing on the savings to shoppers.

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Analysts Downgrade Michael Kors Due to Slowing Sales Growth

Michael Kors S/S 2014 campaign | Source: Michael Kors

NEW YORK, United States — Michael Kors has been riding high with investors, but the retailer's stock is falling this week as some analysts take a look at slowing sales growth and deeper discounts. Two analysts cut their price targets on the stock.

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Australia’s David Jones Shareholders Back $2 Billion Bid

David Jones department store | Source: Reuters

SYDNEY, Australia — Shareholders of David Jones Ltd, Australia's No. 2 department store by sales, on Monday backed a $2 billion bid by South Africa's Woolworths Holdings Ltd, ending weeks of uncertainty over the intentions of top shareholder Solomon Lew.

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