Business News

Government and Trade

Cambodia Leads Import Surge in August

Overall apparel and textile imports to the U.S. from the world increased 13.3 percent in August compared with a year earlier.


M-commerce Not Leading To Big Commerce

Retailers are spending big money on mobile shopping sites, but the shopping is slow to follow.


E-Pitti to Launch App to Collect Wholesale Orders

The software, available for iPad, will be launched at the next edition of Pitti Uomo.


Stefan Larsson’s Departure Rattles Gap Debt Investors

Fitch said it’s become dramatically more expensive to insure Gap’s debt from default.


U.S. Stocks Mixed as Trade Deficit Grows

Stock markets were mixed at the open as the trade deficit grew and Alibaba's Taobao site was accused of selling fakes.


Public Fashion and Luxury Companies Globally Logged H1 Growth

Milan-based consultancy Pambianco found that revenues of public fashion and luxury companies rose 11.1 percent globally in the first half.


European Markets Down

Milan’s FTSE MIB was the only market to notch gains in midmorning trading on Tuesday.

Federico Marchetti Vogue China 10th Anniversary at 2015 Milan Fashion Week

Forecasts and Analysis

NPD: 15 Percent of Consumers Plan to Spend More on Holiday Shopping Versus a Year Ago

While the majority of consumers plan to keep their holiday spending at the same level as a year ago, a higher percentage plan to spend more this year.

Real Estate

VaynerMedia Joins Hudson Yards

Ten Hudson Yards is 85 percent committed, according to the developers.