Marks & Spencer Group Plc shares fell the most in more than two months after the U.K.’s largest clothing retailer experienced delays delivering some customers’ online orders at the busiest time of the year.
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Delia’s Inc. said it was liquidating assets and would file for Chapter 11 bankruptcy protection “in the very near term,” becoming the second teen retailer to go out of business in as many days.
Prada SpA reported a 44 percent drop in third-quarter profit as weaker spending by wealthy Chinese consumers weighed on the luxury-goods maker’s revenue growth.
BoF compiles the most important professional moves of the week.
L Brands, whose brands include Victoria’s Secret, Bath & Body Works and others, said that sales at stores open at least a year rose 8 percent in November. This easily topped analysts’ estimates.
Sears Holdings Corp., the department- store chain controlled by hedge fund manager Edward Lampert, posted its 10th straight quarterly loss as sales continued to decline.
From American Eagle to Apple Stores, beacons are popping up everywhere. Are they a shopper’s best friend or another pesky Big Brother monitoring our every move?
Aeropostale Inc. on Wednesday reported a loss of $52.3 million in its fiscal third quarter. On a per-share basis, the New York-based company said it had a loss of 66 cents.
As Miami readies for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
Guess Inc. on Wednesday reported fiscal third-quarter net income of $20.8 million. The results topped Wall Street expectations.
PayPal and Google Wallet are offering deals and discounts to entice customers to use their services. The promotions come as competition among such services intensifies, with the recent launch of Apple Pay.