Month: February 2016
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Chinese shoppers in South Korea shun luxury for local brands
By Minwoo Park and Joyce Lee SEOUL (Reuters) – Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favor of cheaper homegrown brands, as young, independent travelers make up a bigger share of tourists. Lured by the “Korean Wave” of culture exports, from soap operas and…
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Nipple pasties hit the mainstream in 2016 lingerie trend
This year's Salon International de la Lingerie, held late last month in Paris, France, saw the biggest names in the lingerie industry arrive in the French capital to show off their 2016 collections. Trends spotted at this year's event include the season's key theme, 1990s minimalism, spiced up with risqué bondage-inspired details, such as nipple…
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Weak sales at Kohl’s, Ralph Lauren spark selloff in retailers
Ralph Lauren's stock fell 18 percent, touching a more than five year-low of $94.02. Kohl's said it discounted heavily in the quarter, hurting margins, as it worked to clear inventories, after a slow start to the winter season led people to spend less on sweaters, gloves and coats. Ralph Lauren said it would aggressively try…
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Chicago’s Driehaus marks final season of ‘Downton Abbey’ with special exhibition
The Driehaus Museum in Chicago is marking the sixth and final season of the television series “Downton Abbey” with a special exhibition entitled, “Dressing Downton: Changing Fashion for Changing Times”. The exhibition highlights changes in fashion over the course of four seasons of the series set in England in the early 20th century and based…
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Succession issue looms large at world’s top glasses maker
Positions are not being filled, two of the sources said, complicating Del Vecchio's avowed search for a second-line manager from within to step up to the plate. Del Vecchio has pledged to develop e-commerce, where the company lags, investment that could hit profitability. Luxottica has ambitious growth plans and a reputation for top-notch managers.
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Kohl’s cuts profit forecast; Ralph Lauren sinks on sales miss; Royal Dutch Shell gains on job cuts
Time for your daily dose of trending tickers, the stocks you’re following based on your Yahoo Finance ticker searches.
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Ralph Lauren beats 3Q profit forecasts
The New York-based company said it had profit of $1.54 per share. Earnings, adjusted for restructuring costs, were $2.27 per share. The results exceeded Wall Street expectations. The average estimate of …
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Tommy Hilfiger puts out prep aimed at younger set
NEW YORK (AP) — Will preppy ever go out of style? Not if Tommy Hilfiger can help it.