Macy’s Inc, the department store chain, posted a wider quarterly loss on Wednesday 13 May, hurt by a persisting decline in sales as shoppers shunned unnecessary items.
Italy's Bulgari posted improved sales in its own stores in April after a first-quarter net loss, hurt by the financial crisis sapping demand for luxury jewellery, watches and perfumes.
As one leaves the other arrives. Though 007 swapped his Brioni suit for a Dunhill in the latest James Bond film, Quantum of Solace, Tom Hanks’ character Professor Robert Langdon has adopted the ‘power suit’ from the Italian tailor in the new film based on a Dan Brown novel, Angels & Demons.
Italian luxury shoe and bag maker Tod's turned in a 4.4 percent increase in first-quarter core profit as sales were boosted by demand for its shoes.
The creator of the international hair salon chain Toni&Guy, Guy Mascolo, died on Wednesday 6 May aged 65 of a heart attack. He and his brother, Giuseppe – more commonly called Toni – founded their company in London in 1963 at the age of 19.
Online jewelry retailer Blue Nile Inc's posted better-than-expected quarterly net profit that dropped by nearly a quarter as receding demand in a recession offset waning diamond prices.
Watchmaker Fossil Inc posted a first-quarter profit that exceeded analysts' estimates, helped by tighter expense controls and better inventory management, and raised its outlook for the year.
Gold eased on Monday 11 May, weighed down by a recovery in investor confidence, but losses were limited by the dollar's sharp decline.
Trading at the British publishing and exhibitions group United Business Media has remained resilient and is broadly in line with expectations despite the "extremely challenging economic environment".
French retail and luxury group PPR on Thursday 7 May pledged to focus on cutting costs and generating cash to emerge stronger from the current consumer downturn.
The former artistic director of the brand Boss Orange has been named vice-president of the Italian outdoor label Napapijri, a member of the VF Corporation. He will replace Massimiliano Tosi.
British mining group Anglo-American published a report on Thursday 30 April showing that iron ore is one of the only products for which production has increased in the first quarter, activity in general being strongly affected by the global slowdown.
Thought Sacha Baron Cohen couldn't get any more outrageous? Think again. The British actor debuted a video excerpt on Friday from his new mockumentary style movie "Bruno" featuring a gay, Austrian fashionista alter-ego to rival his 2006 over-sexed Kazakh TV reporter Borat.
Retail veteran Vittorio Radice, who made his name in the 1990s by turning London department store Selfridges into a trend-setter, said on Friday 8 May there is unlikely to be recovery in the retail sector until 2012.
TV star Kiefer Sutherland planned to turn himself into New York City police on Thursday 7 May, a police spokesman said, after media reports the actor had assaulted another man.