Wal-Mart Stores Inc's announced a new $15 billion share repurchase plan on Friday 5 June and said market share gains it has made amid the recession are permanent as a "new normal" emerges in which consumers seek to save money.
In June 2009, Yoox will be taking on clothes from Emilio Pucci. The online shop will exclusively offer 112 items which will traverse the celebrated motifs of the Italian designer from the 60s until the 80s.
Sales of luxury goods in Dubai have dropped about 45 percent since the global economic crisis prompted local shoppers to tighten their purse strings and tourists to rethink spending sprees, a top retailer said.
Lebanese fashion designer Walid Atallah did not make sales for the first four months of the global credit crisis, but business has resumed as clients continue to crave luxury brands, and cost is no object.
U.S. retailers' efforts to cut costs and reduce inventory mean sale signs offering 80 percent off could be in short supply this upcoming Christmas season, according to Barclays Capital retail analyst Robert Drbul.
Incontrovertible in fashion the 70s, the brand Dorothée Bis is coming back to its roots after almost fifty years. From the beginning of September it can be found in a new Parisian boutique at 81 Rue de Sèvres; a Parisian address that will be equal parts flashback and comeback.
The companies and trade unions of Italian fashion and textiles on the 3rd of June called on the next European Parliament to take steps in favour of their sector, which has been particularly affected by the crisis, during a press conference in Milan.
U.S. discount clothing store Filene's Basement Inc, which filed for bankruptcy protection a month ago, plans to sell its trade name, some leases and its retail inventory to an affiliate of Men's Wearhouse for $67 million.