Standard & Poor's on Thursday 16 April cut its ratings on five U.S. retailers, and sent Macy's Inc and J.C. Penney Co into junk territory, citing concerns over the impact of the U.S. slowdown on department store sales.
Luxury goods sales worldwide could fall 10 percent this year to $201 billion, with the U.S. market in the greatest retreat, according to a forecast reported on Friday 10 April by the Wall Street Journal.
For globally renowned Indian designer Ranna Gill, one collection fits the world. Gill incorporates Indian motifs and colors in her fashions, and says they must suit the tastes, lifestyles - and pockets - of women arou...
Upscale retailer Neiman Marcus posted a quarterly loss on Wednesday March 18th, as sales suffered through the holiday season, and said it would be conservative in its outlook until consumer spending improves.
Milan fashion week may have begun under an economic cloud due to the global financial turmoil but designers showing off their creations have sought to defy the gloomy mood, with some declaring "war" on the crisis.