Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
Menomonee Falls, United States
Kohl’s Promises Wary Investors Margin Boost
The retailer plans to increase activewear sales to be at least 30 percent of its business, up from about 20 percent in 2019.
Kohl's CEO Says the Pandemic Is Transforming Its Stores
The department store chain is making greater use of protective gear and curbside pickups as it prepares for a business cycle that’s significantly different from previous years.
Kohl's Beats Profit Estimates as Amazon Partnership Pays Off
The department store chain partnered with the e-commerce giant to attract younger shoppers.
Retail
Hit by Tariffs and Discounting, Kohl's Cuts Profit Margin Forecast
With the cost of more aggressive promotions and a potential hit from new tariffs on Chinese imports, the department store chain has forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings.
Hit by Tariffs and Discounting, Kohl's Cuts Profit Margin Forecast
With the cost of more aggressive promotions and a potential hit from new tariffs on Chinese imports, the department store chain has forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings.
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Kohl’s Shares Drop After Big Quarterly Miss
The surprising results signal that the retailer needs to do more than rely on its Amazon partnership to drive sales.
Kohl's Shares Surge on Expansion of Amazon Return Partnership
The department chain store said it will begin accepting returns for Amazon customers at all of its stores, starting in July.
Kohl's Tops Same-Store Sales Estimates, Raises Forecast
The American department retailer has benefitted from a makeover of its stores, as well as partnerships with Amazon and Under Armour.
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The News in Brief
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.