Macy’s Q2 performance not enough to offset weak start to the year Wednesday, 13th August 2014
US department store group Macy’s Inc. on Wednesday announced it had cut its full-year same-store sales, stating that a 3.3 per cent rise in second-quarter sales would not offset weakness from the first quarter.
Prada suffers its worst half-year sales in 3 years Wednesday, 6th August 2014
Luxury fashion brand Prada SpA suffered its slowest half-yearly sales growth in three years as it continues to battle against weak demand for its brand in Asia, and European markets remain unstable.
Michael Kors shares dip despite 43% leap in revenues Monday, 4th August 2014
Shares fell more than 7 per cent in early trading on Monday after the luxury fashion retailer warned that it expects margins to shrink for the year after investing more in European expansion.
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