Is your sweaty old tracksuit a fashion statement or just comfy clothing? A new exhibition at London's Victoria and Albert Museum explores how high fashion and sport have paired up over the last decade to become a potent clothing and retail force just in time for the Olympic Games in Beijing.
Gold prices tumbled underneath 800 dollars per ounce on Friday August 15th, hitting a ten-month low point as the precious metal was hampered by the strong US currency and weak oil prices, analysts said.
Bankrupt U.S. department store chain Boscov's Inc will begin store closing sales at 10 stores on Saturday as part of its restructuring plan, according to liquidation company Gordon Brothers Group on Friday.
John Lewis, the employee-owned retailer seen as a barometer of high street trading, said latest weekly sales at its department stores rose 9.3 percent, reflecting helpfully poor weather and weak comparative numbers.
Shares of Estee Lauder Cos Inc jumped 6.76 percent to $48 in premarket trade on Thursday after the U.S. cosmetics company posted higher quarterly profit, helped by higher sales across all categories and the weak U.S. dollar.
Retailer says toughest areas of business are still California and women's apparel and rivals have become more promotional. Il explains although consumers in the aggregate are spending less in this environment, it sees no evidence that they are trading down.
- Clothing and home goods retailer Urban Outfitters Inc posted a 79 percent jump in quarterly profit, beating market estimates, driven by strong same-store sales across all its branded stores and fewer markdowns that boosted gross profit margins.
Online fashion firm ASOS hasn't noticed a downturn in consumer spending and is planning a range of initiatives aimed at staying ahead of growing competition from store groups, its chief executive said.