[ad_1] Burberry Group warned that the global slowdown in luxury demand is hurting its performance and that it is unlikely to achieve its guidance if the trend continues, despite beating…
Tag: Clothing/Textiles
Coach Saves Tapestry From Unraveling
[ad_1] Luxury demand isn’t quite what it used to be. Neither is demand for accessible luxury, but it seems strong enough that brands like Coach are still able to push…
The Workers Who Make Your Clothes Want Higher Pay. Who Should Pony Up?
[ad_1] DHAKA, Bangladesh—The armies of people who make clothes for Western brands—some of the lowest-paid factory workers in the world—are protesting for better wages, a fresh sign that the era…
Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening
[ad_1] Updated Nov. 5, 2023 12:01 am ET HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to…
Stocks, Bonds Extend Post-Fed Meeting Rally
[ad_1] The S&P 500, Nasdaq and Dow industrials all rose at least 1.7%. [ad_2] Source link
Stocks End October With Gains, Post Monthly Losses
[ad_1] A busy day for corporate earnings reports ended with major stock indexes higher, though not enough to prevent them from a third-straight monthly decline. The S&P 500 climbed 0.6%…
How a $100 Sweatshirt Is Taking on European Fashion Houses
[ad_1] With his Los Angeles–based label, Jerry Lorenzo has bucked business wisdom to build a homegrown brand that’s staring down the European behemoths. [ad_2] Source link
Bond Yields Hit Fresh Multiyear Highs After Hot Retail Sales Data
[ad_1] U.S. government bond yields hit fresh decade-plus highs Tuesday after another hot economic-data release fueled concerns that interest rates could remain elevated for longer. Copyright ©2023 Dow Jones &…