Today's Digital Daily
The fashion community is in wait-and-see mode as President Trump kicks off his agenda.
January 22, 2017
• Evan Clark
As Dior and Schiaparelli mark anniversaries, Versace has canceled its Atelier Versace couture show in favor of client events.
• Joelle Diderich
Consolidations are said to take place this week in advance of a trove of annual meetings.
• Alexandra Steigrad
For cosmetics companies, beauty bloggers can mean big, big business.
The company said November comps rose 6 percent.
Strategic investment in product, marketing, digital content and infrastructure dented the bottom line over the past year.
Results were impacted by costs related to the brand’s March acquisition by TPG Capital and Leonard Green & Partners and merchandise issues.
The jobs front still presented a mixed picture in March: those who said jobs are “plentiful” rose, as did those who said jobs were “hard to get.”
Sales rose 3.8%.
Comps also fall in the quarter.
Retailers’ fourth-quarter sales and earnings season kicks off Thursday and the sector isn’t sitting as pretty as it did a year ago after a tough holiday.
Scott Friend, the co-founder and former president of ProfitLogic, which was acquired by Oracle this year, likes to tell a funny story about what retailing was like before the age of massive chains and mergers.
Second-quarter profits at Parlux Fragrances Inc. fell 44.3 percent to $2 million, or 10 cents a diluted share, from $3.6 million, or 18 cents a share, in the prior year, which included earnings from discontinued operations related to the Perry Ellis…
Chargebacks are fees charged to a vendor by a retailer, and relate to everything from customer returns and advertising fees to mislabeled products and incomplete orders. Over the past decade, chargebacks have become a contentious issue between…
The company also said it was decreasing promotional event to protect brand equity.
The luxury group predicts its performance will see an upturn for the rest of the year.
The company in 2014 reduced its carbon-dioxide emissions by 50 percent versus 2005.
No-nonsense bons mots are legendary in the technology and operations halls at David Yurman, the luxury jewelry brand.