Ballantyne is making the most of all branches of style; after having announced the arrival of a collection from designer Philippe Starck, modern and ergonomic, the label is opening its first boutique dedicated to vintage clothes in the heart of Notting Hill.
Saks Inc sought refuge in cost cuts to post a smaller-than-expected quarterly loss amid falling sales as department stores lose customers to lower-priced outlets like TJX Cos Inc, which reported higher revenue.
A hedge fund firm with a stake in Saks Inc called for governance reforms, contending the struggling luxury retailer needs to adopt annual elections for all directors and become more responsive to investors.
Sales by chain-stores in the USA have increased, in the week ending the 9th of May, reversing for the first time the decline which started in December, indicated the International Council of Shopping Centres.
Shares of Esprit, the world's No.6 fashion brand by market capitalization, fell more than 6.7% on concern over its earnings outlook amid a recession in its core markets in Europe, in particular Germany, which constitutes half of its revenue.