Adidas Is Seeing Hot Demand for Sambas and Yeezys
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Jeff Gennette, who has been CEO of the US retailer since March, was widely expected to become chairman as part of a succession plan announced in June last year.
The move underscores the pressing need for the two chains to better monetise their real estate assets.
The new Apple shop is on the main floor of Macy's Herald Square, in the heart of the busy cosmetics and fragrance area.
The inaugural event drew a cast of characters from pro-skater Tony Hawk to executives from Calvin Klein, LVMH and Lululemon.
Macy’s has picked career insider to be its next chief executive officer, betting that a manager with a background in merchandising can figure out a way to reinvent the struggling department-store chain.
Macy’s chief executive officer Terry Lundgren is set to pass the job to president Jeff Gennette in the first quarter of 2017.
Macy’s Inc., the largest US department-store chain, may be offering investors a deal on more than just clothes on Black Friday.
Macy’s Inc. plans to close as many as 40 stores early next year as it trims costs and works to improve e-commerce operations.
Macy's Inc's plan to open a virtual store on Alibaba offers a cheap way into China, but as the latest in a long list of initiatives to spur growth it could spread management thin.
Macy’s Inc., the largest U.S. department-store chain, posted second-quarter earnings that missed analysts’ estimates as the retailer relied on discounts to clear seasonal inventory delayed at the West Coast Ports.
Far from offering retailers a promised land of milk and honey, China’s department store sector is clearly a troubled market. So why the surge in interest from foreign names?
Macy’s Inc. boosted its full-year earnings forecast, citing a “strengthening trend” starting in the fourth quarter, and announced a deal to purchase beauty and spa chain Bluemercury.
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.
The company, which named chief brand officer Ije Nwokorie as its next CEO, said it was anticipating a double-digit percentage decline in US wholesale revenues, which would dent overall profits.
Rising prices of personal care products could quash Americans’ habit of buying big-brand-name items for their household pantries, posing a threat to Procter & Gamble, one of the world’s biggest makers of packaged goods.
The merger arbitrage investor community turned increasingly bearish on the deal last week, as they interpreted some comments from FTC officials at a conference as negative for the deal.
The value of retail purchases, unadjusted for inflation, increased 0.7 percent from February, Commerce Department data showed Monday.
The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, still awaits approval from the United States.
E-commerce marketplace Verishop bought data analytics firm Trendalytics in a cash and equity deal that closed in March. Financial terms of the deal were not disclosed.