Japan’s retail sales rose for a sixth straight month in December, providing evidence of a gradual recovery in private consumption as the economy climbs out of recession.
Tiffany & Co. couldn’t persuade enough customers to put a little blue box under the tree this holiday season. After a sluggish November and December — when sales fell 1 percent — the luxury jewelry chain cut its annual forecast today.
Tiffany & Co., the world’s second-largest luxury jewellery retailer, reported a 1 percent decline in total holiday sales and lowered its annual forecast, amid continued weakness in Japan.
BoF speaks to leading fashion CEOs to understand their 2015 growth priorities.
Gwenaël Nicolas has a problem with gravity, likes to present industry leaders with mysterious boxes and is on a mission to make people curious. He is also increasingly sought-after by luxury brands to design retail spaces that shine with intelligence. The Creative Class is supported by CLIO Image, an awards show honouring creative excellence in fashion, beauty and retail.
Former Daft Punk manager Gildas Loaëc and architect Masaya Kuroki launched the Kitsuné label with a unique blend of music and fashion. Twelve years later, the business is set to generate $15.9 million in annual revenue.
Fast Retailing Co., Asia’s largest clothing retailer, forecast a 34 percent rise in net income after Uniqlo sales in Japan grew 14 percent and revenue came in higher than expected in the last fiscal year.
Japanese fashion retailer Uniqlo aims to turn a profit at its small but expanding U.S. network of stores within the next couple of years, the company’s top U.S. executive, Larry Meyer, said.
Rakuten Inc. agreed to buy U.S. rebates website Ebates Inc. in Japan’s largest e-commerce deal on record as the operator of the country’s biggest online mall seeks overseas growth through acquisitions.