Mid-priced U.S. department store chains are beginning to eye the outlet store concept, which has worked for their upscale rivals, the chief executive of Tanger Factory Outlet Centers Inc said.
TJX Cos Inc said on Tuesday 23 June it reached a settlement with 41 states resolving an investigation of a data breach in its computer system, which the off-price retailer revealed in 2007.
Safilo Group, one of the world's biggest eyewear makers, is still in talks to find a partner to strengthen its balance sheet and has started talks with creditor banks to seek a waiver to its debt covenants.
Stricken fashion house Escada said it still saw a chance that it could raise cash and reduce debt sufficiently in the next two months to avert an insolvency.
After years of breakneck expansion, retailers in China are scaling back and delaying their growth plans as the maturing market enters a new phase of consolidation fueled by slowing demand and fierce competition.
Last September, Jil Sander announced its entry into the jewellery sector alongside Damiani. After a first line essentially based on earrings, the brand is now preparing a complete collection of jewellery and watches, all under a global licence agreement with Damiani.
Equipped with a new managing director, Stefanel has signed an agreement with El Corte Ingles with a view to open fourteen concessions between now and 2010 in their Spanish department stores.
India will try to reduce taxes and interest rates for the textile industry to provide relief for the embattled sector, according to Textiles Minister Dayanidhi Maran.
Luis González Herrero has been named director of Springfield. Having made his name in the retail sector on a national and international level, he will now lead the teams at Alcampo and C&A.
The former president of Mulberry has taken the role of CEO for the fashion house Loewe. After the artistic director Stuart Vevers, it is now Lisa Montague’s turn to be tempted away by the LVMH group.
Designers at Milan's fashion shows are putting a dash of the exotic in their collections for men's wardrobes next spring and summer, looking to places like Africa or Brazil for inspiration.
Where does the gold used for a ring, a necklace or an earring come from? How was it extracted? In what social conditions? What environmental impact? “Ethical gold” wants to outline the answers.
Italian fashion group Aeffe SpA has seen a tough year so far, with no turnaround forecast until early 2010, Chairman Massimo Ferretti said.
Zumiez Inc, which sells action sports-related gear and apparel, has seen a 30 percent fall in its shares in the past couple of months, but are still up 69 percent from their year-low in November last.
French police probing a record heist at Harry Winston jewelers in Paris have arrested 25 people and recovered some of the 85 million euros worth of precious stones.
