J.C. Penney Co Inc reported a decline in same-store sales for Nov. and Dec., the latest department store chain to reflect the malaise in the sector as shoppers increasingly eschew brick-and-mortar stores and shop online.
Disappointing holiday-season sales at Macy's Inc and Kohl's Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel.
Online shopping continues to gain ground in Europe with two-thirds of internet users e-buying in 2016, according to a survey from Eurostat. And fashion is a key product category, especially for young shoppers.
Celebrating 45 years, the sunglass brand is showcasing its dynamism with a special anniversary collection for the French market, as well as collaborations with Anya Hindmarch and Roksanda slated for 2017.
Nike and Crystal Group are the only apparel brands to make Fortune magazine's 'Change The World' global list for 2016. Each year, the ranking selects those firms tackling major social and environmental problems, while still lifting their bottom lines.
Framed by Swarovski crystal figurines and crocodile skin-clad smart phones, sales promotions at Moscow's exclusive TsUM department store are being publicized in two languages: Russian, of course, and now Chinese.