Inventories in the quarter ended July 30 rose 48 percent from a year ago because of lower sales and other factors, including investments to support the opening of 400 Sephora shops at Kohl’s locations in 2022.

The fragrance and skin care company said Thursday that it expects an 8 percent to 10 percent drop in sales this quarter, compared with a year ago.

Anne Pitcher will leave the company at the end of the year as the group is wrapped into its new owners' portfolio of luxury department stores.

The renowned couturier, who built a multi-million-dollar fashion house best known for its use of butterfly motifs, earning her the nickname “Madame Butterfly,” died on August 11, aged 96.

Exports rose 8.3 percent in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said Thursday.

Lululemon Athletica Inc. employees have withdrawn their petition to unionise a store in Washington, D.C., marking a setback for the recent wave of organising at previously union-free US retail firms.

The value of overall retail purchases was flat last month after a revised 0.8 percent jump in June, Commerce Department data showed Wednesday.

Mat Dunn, who also serves as the fast fashion e-tailer’s chief operating officer, will leave the company at the end of the year, the company said Wednesday.