Financial

Accessories News

Financial

Fashion Sector’s Sales Growth Seen Slowing Due Trade Deals, Weak Economies

Euromonitor forecasts that luxury goods sales growth will slow to 3 to 4 percent a year in 2016 to 2020, compared with just over 4 percent annual sales growth in 2010 to 2015.

Concerns Grow Over China’s Growing Bad Loans

Bad credit in shadow banking, or off-balance sheet lending by banks, could amount to 4.6 trillion yuan, or $707.8 billion at current exchange.

Italy’s Fashion Districts Fuel Nation’s Growth

In 2015, sales in Italy’s fashion industry rose 1.5 percent at current exchange.

Shoppers at King of Prussia Mall in suburban Philadelphia.

U.S. Markets Tick Up Despite Weak Jobs Report

The effects of stores closures was seen in the decrease of retail jobs for April, while Revlon beat its earnings estimates but Bebe delivered another big loss.

Exterior of J.C. Penney store.

J.C. Penney Stock Declines Over 6 Percent on Reports of Expense Challenge

J.C. Penney stock plunged on news that the company was facing expense challenges forcing a cut back in worker hours.

Europe’s Stock Markets Down in Midmorning Trading

Retail, luxury stocks also fall.

Victoria's Secret Swim 2016 Catalogue vover featuring Elsa Hosk.

L Brands’ Stock Slides as April Sales Deflate

L Brands’ stock was slammed after the company reported its same-store sales fell in April.

Bebe Stores Inc.

Bebe Reports Loss, Considers Selling Assets

Bebe reported another quarter of losses and chief executive officer Manny Mashouf says he is looking for assets to sell.

Bath & Body Works

April Retail Sales Fall for L Brands, Cato, Buckle and Zumiez

April same store sales from L Brands, Cato, Buckle and Zumiez were lower than expected.