Tiffany & Co raised its full-year profit outlook as more shoppers worldwide snapped up its jewelry during the bridal season, helping it overcome rising gold and diamond costs and sending its shares up more than 6 percent.
Brown Shoe Co Inc forecast a bleak year ahead as it grapples with rising costs, rapidly declining sales of once-popular toning footwear and wavering consumer confidence, sending its shares to their lowest in over two years.
The closing down of the manufacturing plant dedicated to the production of its women’s line had sown some doubts in our minds, but this time it is official: Italian label Brioni has terminated its womenswear in order to concentrate on its men’s range.
Could Marc Jacobs become the new creative director at Christian Dior? Although rumours started getting more serious during the weekend, this is yet to be confirmed. If the move does happen, Phoebe Philo from Céline would supposedly take the reins at Louis Vuitton.
In the aim of becoming a premium menswear brand, Ben Sherman has just announced the appointment of Adrian Ward-Rees as its new commercial director. Prior to this, Mr. Ward-Rees had served as the head of merchandising at Burberry since 2007.
Off-price store chain Ross Stores Inc reported a higher quarterly profit as shoppers continued to seek out top brands at discount prices, but warned of a difficult consumer environment for the rest of the year.