Today's News

Retail sales fell at their fastest monthly pace in more than two years in April, after a record drop in fuel sales and a weather-related drop in clothing sales, official data showed on Wednesday.

Ralph Lauren Corp announced alongside its 2012 results its plan for (re)conquering the Chinese market. It intends to review its position in the country after closing 95 points of sale during the last financial year.

The Japanese online retail group and a number of other companies have invested 100 million dollars in social network Pinterest, whose value today stands at around 1.5 billion dollars.

Macy's Inc said on Wednesday it will start selling some items in its private brand assortment directly to shoppers in China through a deal with a new online retailer there.

American Eagle Outfitters Inc's tepid profit forecast for the year overshadowed a bigger quarterly profit that came on higher sales from a new line of clothes.

British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million pounds ($316 million) in new outlets and expanding existing stores in London, Chicago and Hong Kong.

Footwear retailer DSW Inc posted first-quarter results above analysts' estimates, helped by a strong performance at its namesake stores, prompting the company to raise its full-year profit outlook.

Worsening political and economic turmoil in the euro zone has knocked investment in Europe's shopping centers and stores to its lowest level since the collapse of Lehman Brothers investment bank in 2008, data...

Tesco boss Philip Clarke has passed up an annual bonus of about 372,000 pounds ($588,000) after the retailer's poor performance in its main British market, heading off a potential outcry by investors increasingly...

A study commissioned by MasterCard, official sponsor of the Champions League, showed that 35 billion euros are spent each year by the "Fans Without Borders" to support their favorite football club abroad.

Ralph Lauren Corp reported a higher-than-expected quarterly profit on Tuesday, helped by soaring sales, but said it expected the pace of revenue growth to slow, in part because of Europe's economic problems.

Kazakh billionaire Goga Ashkenazi, best known for her opulent lifestyle and high-society friends, has agreed to buy a majority stake in fashion house Vionnet, the latest acquisition of a European luxury brand by...

Budget fashion giant Hennes & Mauritz, which is experimenting with new store chains alongside its core brand, will need these different segments to keep up its growth pace in the long term, its top executive said.

U.S. clothing maker Guess Inc reported a quarterly profit that beat market expectations, helped by fewer discounts at its North American retail business and higher sales in Asia, sending its shares up about 6 percent...

Ralph Lauren Corp said it expects lower wholesale sales this fiscal year, hurt by a slowdown in Europe and the closure of some China wholesale operations it will eventually replace with its own stores.

Specialty apparel retailer Express Inc reported lower-than-expected quarterly results and cut its full-year earnings guidance as it goofed up on its strategy to move sales to pricier-knitted tops for women.

In the traditional rice-growing region of southern India, Victoria's Secret's luxurious bras are enhancing the lives of poor rural women.

Karl Lagerfeld’s label, Karl, has turned to a collective of English graphic artists for a series of men’s and women’s t-shirts featuring an image of the designer. It’s the “masstige” label’s first offering for men...

Available in 107 countries throughout the world since its partnership with online retail group FiftyOne, American brand J.Crew is due to open a store in London by the end of 2013. According to J.Crew President Mickey...

The first shops could throw open their doors in the redeveloped World Trade Center by March 2015, Australian mall operator Westfield said on Monday, 13-and-a-half years after the New York landmark was destroyed in the...

Urban Outfitters Inc reported a quarterly profit above market expectations as the clothing retailer managed to sell more women's apparel at regular prices, sending its shares up as much as 7 percent in...

Roman Polanski on Monday delivered as promised his latest film at Cannes but it turned out to be an ad for the Italian luxury design house Prada.

Bellwether British retailer Marks & Spencer posted a 1.2 percent fall in full-year underlying profit, its first decline in three years, as even its relatively older and more affluent customers were touched by the...

A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc of copying its trademarked designs, a small fraction of the more than $120 million sought by the Italian luxury...

The British Fashion Council has just announced a new initiative aimed at promoting its designers: ‘London Collections: Women’. Starting 18th June, the programme will bring together all the pre-collections available...

In celebration of the Diamond Jubilee, the famous Knightsbridge department store is currently displaying in its windows 34 crowns designed by iconic British and international brands.

Online jewelry retailer Bidz.com Inc said it will be taken private by Glendon Group Inc, valuing the company at about $14.3 million.

Chinese shoe retailer C.banner International Holdings said it has secured investors including a firm linked to Chanel Inc to help fund its expansion.