Rent the Runway Inc. said demand for workwear has been surging as more subscribers are going to the office more regularly, underpinning stronger-than-expected revenue growth in the most recent quarter.
Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker demand for luxury goods, according to people with knowledge of the closely held firm’s financial results.
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.
Target Corp. has erased almost $14 billion in market value since it reported earnings last month, and some on Wall Street see more pain ahead for the retailer.
Grund’s total payout included special awards that the company’s compensation committee said reflected exceptional performance, the company disclosed in its annual report Friday.
The luxury brand committed to a three-year lease for the ground-level retail space at Capitol Centre starting in mid-May, according to government records.
Monthly Swiss watch exports to the US declined for the first time in more than two years, signalling a slowdown in demand from the biggest market for pricey timepieces.
Macy’s Inc. said earnings will be weaker than previously expected for the full year, underscoring the uncertainty around US consumer spending through the remainder of 2023.