Financial

Accessories News

Financial

A Takashimaya store in Tokyo, Japan.

Takashimaya Q1 Net Jumps on Gain

Sales for the period slid, although tourism helped sustain the business.

H&M, Conscious Commerce

H&M Profits Gain 11% in Q2

The Swedish retailer came up against currency headwinds, cool spring weather and negative calendar effects.

Retailers Cut Jobs as Pressures Mount

The continuing migration of sales to the Internet and digital space is leading to job reductions in stores and at retailers' corporate headquarters.

L Brands Renews Share Buyback Program

L Brands Inc. said this morning that it was board of directors approved a $250 million share repurchase program that includes $600,000 left over from its prior stock buyback program.

Apple Mines Big Profits From Watch Band

Nearly 20 percent of Apple Watch buyers are not only shelling out hundreds of dollars for the timepiece but are springing for a spare band too.

Material Wrld and Intermix to Host Trade-in Events

Intermix will become Material Wrld's newest retail partner.

House Bill Aims to Close Internet Sales Tax Loophole

Industry groups lauded the new bill and said they hope it will level the playing field between brick and mortar stores and online and remote sellers.

Neiman Marcus

Neiman Marcus Sees Gains Despite Tourism Declines

Neiman Marcus Group LTD LLC posted a 5 percent sales gain in its third quarter to $1.22 billion from $1.16 billion with net income coming in at $19.8 million as compared to a loss of $8 million in the same period last year.

Retail Inventory Chart

Retail Inventories on the Rise

This reflects the slowdown of consumer spending.