TOKYO, Japan — Japan surpassed the U.S. as the top-grossing market for apps in October as use of smartphones surged and wireless carriers started billing customers directly for downloads from Google Inc.’s online store.
NEW YORK, United States — While the most well-heeled shoppers still think nothing of dropping $4,600 on an Hermes tote, cracks have appeared in the $94 billion U.S. luxury market, especially for companies that cater to “Henrys” -- High Earners Not Rich Yet.
NEW YORK, United States — Fifth & Pacific Cos. agreed to sell its Lucky Brand Jeans division to private-equity firm Leonard Green & Partners LP for $225 million, part of a plan to divest assets and focus on the Kate Spade label.
NEW YORK, United States — Abercrombie & Fitch Co. Chief Executive Officer Mike Jeffries got a new contract with the teen-apparel retailer amid weakening earnings and a shareholder’s call for him to be replaced.
No brand before or after it captured the zeitgeist quite like Juicy Couture. So why did the brand, a business with almost $500 million in annual revenue, sell this autumn in a $195 million cash deal to a licensing group better known for working with brands like Marilyn Monroe and Elvis Presley?
SAN FRANCISCO, United States — EBay Inc. Chief Executive Officer John Donahoe called the delivery of products by drones — a project that rival Amazon.com Inc. is working on — a fantasy.
NEW YORK, United States — Online shopping surged to a record on Cyber Monday as many consumers snubbed physical stores and took to the Web to buy holiday gifts.
NEW YORK, United States — Abercrombie & Fitch Co. gained after investor Engaged Capital LLC urged the teen-clothing retailer to start a search for a new chief executive officer and consider selling the company.