L'Oreal sees the world cosmetics market flat or growing slightly this year and is forecasting the group's trading to improve in the quarters ahead, the French beauty products giant said on Thursday 4 June.
Hugo Boss has announced that Christoph Auhagen has been appointed as a member of the managing board, as Chief Brand Officer. He will be responsible for the development and product-relevant control of Hugo Boss' brands.
Snowboarding gear retailer Zumiez Inc posted a worse-than-expected 20.7 percent drop in May same-store sales, hurt by lower transactions. Analysts on average were expecting same-store sales to fall 20.
Hot Topic Inc posted a worse-than-expected 6.4 percent drop in May sales at stores open at least a year, hurt by lower transactions and a fall in average transaction amount, sending the mall and web-based retailer's shares down 8 percent.
L’Oréal, celebrating its centenary on Thurday 4 June, has risen to the top of the global cosmetics markets through acquisitions and innovations, but the economic crisis could weaken a well-oiled strategy.
British department stores group Debenhams plans to raise over £300 million ($499 million) on Thursday 4 June in a placing and open offer of new shares, two sources familiar with the matter told Reuters on Wednesday 3 June.
The hold-up perpetrated on Saturday 30 May at the Parisian jewellery store Chopard, Place Vendôme, is, with a haul of an estimated value of €6.6 million, one of the biggest jewellery heists recorded in France.
Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.
As part of its strategy of “consolidating the management of the brand”, Tommy Hilfiger has taken control of its Turkish division, which consists of “thirty three boutiques and a selection of multibrands” the group explained.
Dollar Tree Inc shares touched a new year-high after the retailer posted a higher quarterly profit and raised its forecast for the year, buoyed by shoppers who headed to its stores for rock-bottom prices.