A pair of nearly 5-inch black satin heels with a large gold alligator that serves as the front strap retails for almost $1,600 at the first Saks Fifth Avenue store to open in Puerto Rico, more than what the average person here earns in a month and where nearly half the population lives in poverty.
Hermès International SCA announced a bonus dividend and said 2014 earnings climbed 7 percent as the French maker of Birkin bags sold more high-margin leather goods in the Americas.
Hennes & Mauritz AB reported first-quarter profit that beat analysts’ estimates as the company extended its offering of sportswear, shoes and beauty products.
By bringing on some fashion brands, Revolve will be able to quickly fill holes in its marketplace when necessary.
Omega President Stephen Urquhart said the US is one of the Swiss watch brand’s most promising markets this year amid a lull in spending by the Chinese, the biggest buyers of luxury timepieces.
BoF compiles the most important professional moves of the week.
Tiffany & Co. on Friday reported fiscal fourth-quarter net income of $196.2 million, after reporting a loss in the same period a year earlier.
Next Plc, the U.K.’s second-biggest clothing retailer, lowered its full-year sales forecast, saying some collections aren’t as strong as they were a year ago.