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.
Asos Plc reported its first annual profit decline in three years as the U.K.’s biggest online-only fashion retailer spent more on logistics and technology and after a fire at a warehouse disrupted operations.
Oscar de la Renta, the Dominican-born fashion designer who spent more than 50 years dressing royalty, Hollywood celebrities and U.S. first ladies, has died at the aged of 82 after a long battle with cancer.
Qatar Investment Authority agreed to pay about HK$4.78 billion ($616 million) for a stake in a Hong Kong department store operator as the sovereign wealth fund diversifies its global portfolio.
Steven Madden’s stock fell in Monday premarket trading as the footwear and accessories company announced third-quarter revenue that missed analysts’ expectations and gave a profit outlook for the period below Wall Street’s view.
Sears Holding Corp. will lease seven standalone stores in the U.S. to the U.K.’s Primark budget- clothing chain as the department-store owner seeks to better leverage its selling space.