French luxury firms are seeking to increase their presence in the Gulf to help offset the impact of the global financial crisis on the sector, a group repesenting 70 top-end labels said Friday 12 June.
Japan's Yohji Yamamoto is cancelling the house's June catwalk show at Paris men's fashion week due to the crisis.
Top retail and luxury executives are sacrificing watches, vacations and new cars in the economic downturn, but keep your hands off their newspapers, nonfat lattes and bicycles.
The recent wave of retail bankruptcies has left lots of empty storefronts in shopping centers and malls, and landlords may be in for a long drought as retailers curtail expansion plans amid recession.
Canada's Hart Stores Inc, an operator of mid-sized department stores, said it has suspended regular dividend to use the cash flow from operations to fund its growth plan.
Fashion and retail executives are adding new ingredients like extensive customer data and streamlined websites to their marketing mix to get consumers to buy in the recession.
Just as China's "world factory" of the Pearl River Delta sees its first signs the worst of the global crisis is over, it faces a fresh threat from a drive to upgrade its rusting, low-end industrial zones.
Dubai Culture and Arts Authority said on Wednesday 10 June it was aiming to build a fashion and design district and change legislation to persuade foreign artists to take up residence in a new arts neighborhood.
Malaysia's conservative opposition Islamic party has urged a ban on skimpy outfits in public parks in a northern state it controls, a state official has confirmed.
Lululemon Athletica, which makes trendy yoga and workout wear, reported lower quarterly earnings on Thursday 11 June and said it expects profit to be flat in the current quarter because of the troubled economy.
Retailers who scoffed at the web during the flush days of consumer spending are now diving head first into online initiatives, lured by that channel's resilience in the downturn.
The grand-daughter of Bulgaria's former communist dictator Todor Zhivkov, Socialist deputy Evgenia Zhivkova, announced Thursday 11 June that she was quitting politics to focus on her career in fashion.
US retail sales rose in May, for the first time in three months, fueled mostly by higher gasoline prices, the government said Thursday 11 June amid signs a prolonged recession is easing.
Leading British jewelers and retailers braved a public transport strike to admire the latest platinum jewelry designs at a chic party hosted by Platinum Guild International.
Canadian teenage clothing retailer West 49 Inc posted a narrower quarterly loss, helped improved margins, better demand for its products and cost cutting.
