Amazon.com Inc’s sales projections for the crucial holiday quarter disappointed, and third-quarter results missed Wall Street’s targets, sending the online retailer’s shares 9 percent lower.
A shortage of transportation equipment and possible labor disruptions at the Long Beach port complex is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.
Oscar-winning actress Halle Berry is reviving Scandale, a lingerie label born in France in 1932.
Debenhams Plc, the U.K.’s third- largest department-store chain, said it’s reducing the level of discounts ahead of the key Christmas season to avoid the damage to profitability that price cuts caused last year.
Under Armour Inc., the second- largest U.S. athletic-apparel maker, declined in early trading after growth slowed last quarter, raising concerns that the company’s torrid expansion is waning.
Struggling retailer Sears Holdings Corp will lay off at least 5,457 employees and close over 100 stores, many before Christmas.
L’Oreal SA, the world’s largest cosmetics maker, announced on Oct. 20 that it has an agreement to acquire recently reorganised beauty brand Carol’s Daughter through a U.S. unit.
Swatch Group AG, the biggest Swiss watchmaker, said it doesn’t rule out forming agreements with consumer-electronics companies to help produce smartwatches amid increasing competition in timepieces with more functions.