Sales Archive

Luxottica Sales Soar as Ray-Ban Maker Forecasts Revenue Growth

MILAN, Italy — Luxottica Group SpA gained the most in more than seven years after the maker of Ray-Ban sunglasses said sales growth will accelerate in 2017. Revenue will probably rise by a mid-single-digit percentage next year, chief financial officer Stefano Grassi said on a call with analysts Monday. Third-quarter sales rose 3.5 percent at constant exchange rates, the Milan-based company also said. The stock rose as much …

BlackRock Increases Stake in World’s Biggest Jewellery Retailer

HONG KONG, China — One of the worst analyst-rated jewellery retailers in Hong Kong has caught the attention of the world’s largest asset manager. BlackRock Inc. increased its stake in Chow Tai Fook Jewellery Group Ltd., and added the stock to its global long/short equity fund in the third quarter, according to data compiled by Bloomberg. European investment firms Gamax Management AG and Robeco Groep NV …

US Retail Sales Rose in September by the Most in Three Months

NEW YORK, United States — Retail sales climbed in September by the most in three months, showing American shoppers began to spend freely again after shying away from merchants earlier in the quarter. The 0.6 percent advance followed a revised 0.2 percent decline in August, Commerce Department figures showed Friday. So-called core sales, used to calculate gross domestic product, rose a smaller-than-projected 0.1 percent. Years of …

Amazon to Hire 120,000 Temporary Workers for Holiday Season

NEW YORK, United States — Amazon.com Inc said on Thursday it would hire more than 120,000 seasonal employees across its fulfilment centres, sortation centres and customer service sites in the United States in the upcoming holiday season. More than 14,000 seasonal positions were transitioned to regular, full-time roles after the holidays last year, and the company expects to increase that number this year, Amazon said. …

LVMH Sales Beat Estimates On Fashion and Leather Goods

PARIS, France —LVMH, the world’s biggest luxury-goods maker, reported third-quarter revenue that beat estimates, led by a stronger-than-expected performance in fashion and leather goods. Sales rose to €9.14 billion ($10.2 billion), the Paris-based maker of TAG Heuer watches and Hennessy cognac said in a statement Monday. Analysts had predicted €8.92 billion, according to the median of 21 estimates in a Bloomberg survey. Revenue climbed 6 …

Gap Climbs After Better Than Expected September Sales

SAN FRANCISCO, United States — Gap Inc. shares rose as much as 6.7 percent in late trading after its September sales were a bit better than expected, boosted by a rebound at its Old Navy chain. Same-store sales gained 4 percent at Old Navy last month, the San Francisco-based retailer said on Thursday. Analysts had projected growth of less than 1 percent, according to Retail …

French Uproar Creates Opportunity for Israeli Burkini Makers

HOD HASHARON, Israel — France’s burkini controversy is boosting the bottom line for Israeli makers of modest women’s swimwear. The country, home to large populations of conservative Jewish and Muslim women, has cultivated a local industry of modest swimsuits, and the full-body outfits that have caused uproar in France have been a common sight on Israeli beaches for several years. Marci Rapp was among the first …

The Labor Day Sales That Are Just Too Good to Pass Up

9/01/16 Labor Day isn’t just a long weekend away from work, it’s a long weekend for you to get what you love on sale and we’ve rounded up your favorite shops with the best deals and top styles for you to shop smart and shop easy. See where the hot sales are happening and don’t miss out on the savings that will only be here …

Social Goods | Taking Counterfeiters to Court, Terrorism in Bangladesh

Alexander Wang has won $90 million in damages against counterfeiters and cybersquatters | Source: InDigital.tv “Luxury Brands Get Tough With Counterfeiters“ (The Wall Street Journal)“Luxury brands are getting more aggressive about taking suspected counterfeiters to court.” “Islamist Attack Has Bangladesh Clothing Industry on Edge“ (BBC News)“‘The medium and long-term impact will be they will try and source their products from somewhere else. That is natural. …

Inside the Business of Trump’s Trucker Hats and Clinton’s Pantsuit Tees

WASHINGTON DC, United States — This election, for democratic voters with a sense of humour, the Hillary Clinton campaign’s e-commerce site is offering “the everyday pantsuit tee,” printed with the presidential candidate’s iconic wardrobe staple, for just $30. For the more fashion conscious supporter, there’s a Clinton “campaign chic” scarf ($55) or t-shirts designed by Diane von Furstenburg and Tory Burch ($45). Catering to customers …