LIFT: Luxury Indian Fashion Tour will hold a U.S. pop-up shop for Itsom by Ssomya and Huma Adnan at the Lake Chateau in Woodbridge, New Jersey on August 18 to showcase the brands’ latest festive collections.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.
Nordstrom Inc said on Monday its founding family had suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season.
United Nations sanctions on North Korea’s important textiles industry are expected to disrupt a business largely based in China and pose compliance headaches for clothing retailers in the US and around the world.