REPORTMacy's reported earnings per share of 36 cents in the third quarter of 2015, ended October 31, 2015. Excluding asset impairment charges of 111 million dollars, or 20 cents per share, primarily related to the previously-announced plans to close 35 to 40 stores in early 2016, third quarter earnings […]

Richemont, the world's second-biggest luxury goods group, is planning to cut up to 350 jobs in Switzerland this year amid a "difficult" watch market, a Swiss newspaper reported Saturday. Richemont, second only to France's LVMH in the luxury world, is "studying an adjustment of the production capacities […]

Richard Perry, the majority owner of Barneys New York, has retained Goldman Sachs to sell a piece of the luxury retailer. Perry has been unavailable for comment since he made this announcement Wednesday morning, July 6. It is presumed that the billionaire hedge fund manager would still retain his majority […]

Bespoke and custom tailor Esq clothing has launched their e-commerce site. The launch comes just after the company opened their first brick-and-mortar store in Chicago at 555 West Jackson Blvd. in Chicago's West Loop neighborhood. Esq offers custom suits, shirts, and shoes, in addition to ready-to-wear […]

Los Angeles - Fast-fashion retailer Forever 21 recently has made some changes to its business ties. The company has agreed to officially separate from its two-year long partnership with shipping firm EZ Worldwide Express. EZ Worldwide Express, operating at EZ Mailing Services Inc., had filed for bankruptcy […]

Nike has renewed their partnership with La Liga, a top division of the Spanish Football League. The partnership will extend through 2019. La Liga will be playing their games with the new Ordem 4 ball, which features the latest in proprietary aerodynamic technology and is built to deliver accurate flight […]

Switzerland adopted on Friday regulations requiring that locally-made parts account for at least 60 percent by value in order for watches to bear the coveted and lucrative "Swiss Made" label. The government said in a statement that the change, to go into effect on January 1, expands the criteria for […]

Italian luxury brand Dolce & Gabbana has signed a global licensing agreement with Japanese beauty company Shiseido for an undisclosed amount. The agreement will come into effect October 1 and will include distribution of Dolce & Gabbana's beauty and fragrance lines, as well as product development and […]

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