Wall Street's continuing rally and the improving finances of America's wealthy will keep luxury spending's hot streak alive in 2011, and the less well heeled are also poised to join the party, top retail executives said.
As of last Monday, Alex Malgouyres has taken charge of the communications department at John Galliano. The post, vacant for almost 2 years, controls all of the brand’s lines in both France and internationally.
He's a fixer-upper, a turnaround king and a true connoisseur of the finely-knit Italian cashmere sweater. Industry watchers now say a surprise announcement to sell the upscale clothing chain to private equity may be h...
Macy's Inc forecast strong sales during the upcoming holiday season, saying it expects the success of its efforts to cater to local tastes and an uptick in spending at its upscale Bloomingdale's chain to continue.
Upmarket U.S. department store chain Bloomingdale's is enjoying a good fall season, although the rise in sales is not as strong as that recorded during the spring, its chairman and chief executive said.