Macy’s Inc., the second-largest U.S. department-store company, posted earnings that trailed analysts’ estimates after discounts meant to lure shoppers eroded profit margins.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Apple’s much-anticipated wearable device, which will reportedly debut this fall, may not pose a direct threat to luxury watchmakers. But it does signal opportunity.
NEW YORK, United States — Kate Spade & Co., the handbag maker with aspirations to be a global lifestyle brand, jumped as much as 12 percent in early trading after beating quarterly earnings estimates and raising its annual forecast.
According to studies, between twenty to forty percent of all clothing purchased online is returned, often due to issues with fit, costing fashion e-tailers millions. A host of tech start-ups are aiming to solve the problem. But is a technical solution the most effective approach?
NEW YORK, United States — Barneys New York has agreed to pay $525,000 to settle a lawsuit over claims that it targeted black and Latino customers for credit-card fraud checks and surveillance while they shopped in its luxury clothing stores, city officials said on Monday.
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