Abercrombie & Fitch (ANF.N) has kept its cool in a recession, selling its pricey clothing at a premium. But a steady sales decline is making investors argue the brand must be practical -- and start to discount.
Watchmaker Fossil Inc posted better-than-expected quarterly results, but cut its fourth-quarter earnings outlook to reflect a weaker economy and pressure from the strengthening U.S. dollar, sending its shares down 6 p...
U.S. luxury shoppers scaled back spending in August, as concern about a declining stock market depressed consumer confidence among even the wealthiest of customers and stores braced for a prolonged downturn.
U.S.-focused consumer goods exporter Li & Fung said on Wednesday it will pay $330 million to buy U.S. handbag importer Van Zeeland to become a leading handbag supplier in the United states.Li & Fung, which counts U.S.