Fashion accessory and jewelry retailer Claire's Stores Inc posted a narrower first-quarter loss on a 10 percent revenue decline on Thursday 11 June, and warned that sales are getting worse in the second quarter.
You've "never had it so good," British Prime Minister Harold Macmillan told the first generation of mass-market consumers in 1957. "You may never have it so good again," appeared to be the message of many of executives and analysts at the Reuters luxury goods and retail summits.
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.
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.