Department store operator Kohl’s Corp reported a lower-than-expected quarterly profit, hit by higher costs and store closures due to hurricanes, sending its shares down 7 percent and dragging the sector down.
Beauty products maker Coty Inc posted a quarterly profit on Thursday that beat estimates, selling more products geared toward millennials and making progress with newly-acquired brands in an expanded global portfolio.
M&S may have seen a lot of change over the past 20 years but it hasn’t really got to grips with the changes that have happened in the retail sector and that’s what’s causing its current woes, says its new chairman.
Supermarket results aren’t always exciting for anyone interested in fashion but with the Sainsbury’s Tu range grabbing market share and launching new range extensions, this is one supermarket that can’t be ignored.
Shiseido Americas Corporation announced it has acquired Giaran, Inc., a data company known for its artificial intelligence platforms. Shiseido Americas will use the technology to personalize its consumer experience.
Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.