Latest in Business Features
Coach Sees Better Holiday Ahead
Fourth-quarter profits fall 31.7 percent for Coach, and sales slip 0.5 percent.
Nike CEO Earnings Drop 17 Percent
Mark Parker, president and ceo of Nike, saw his total compensation decline 17 percent, while the entire…
Coach’s Reed Krakoff to Launch Signature Collection
Reed Krakoff, the creative force behind Coach, is out to build the next great American fashion house — under…
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LVMH Profits Slip 23 Percent in First Half
French luxury group LVMH said it still expects to gain a market share in 2009, despite reporting a 23 percent…
Tory Burch Sells Minority Stake to Tresalia
Mexico City-based equity firm Tresalia Capital purchases stake in Tory Burch, completing the designer's…
VF Earnings Fall 27.9% in Second Quarter
Declining revenues across all but one of its business segments, coupled with a spike in expenses, took a bite…
Luxe Accessories Brand Mary Norton Closes
The accessories label Mary Norton, whose bags make frequent appearances on the red carpet, has shuttered due…
CIT Said in $3B Deal to Stave Off Ch. 11
A worst-case scenario appeared to have been avoided late Sunday as CIT Group Inc. was reported to have…
CIT Peril Puts Industry at Risk
CIT crisis jeopardizes holiday and fall shipments.
Fears Over CIT’s Future on the Rise
CIT Group Inc.’s bonds and stock prices fell Friday amid concerns the financial powerhouse might be unable to…
Weak Comps Predicted for June
Cool weather and flagging confidence are seen hurting June sales results.
Consumer Confidence Falls in June
Both components decline.
Ken Hicks Leaves J.C. Penney, Named Foot Locker CEO
Ken C. Hicks has resigned as president and chief merchandising officer of J.C. Penney to become president and…
Soft Sales, Charges Lower Nike 4th-Qtr. Profits
Currency weighs on results as apparel sales for Nike slip 16 percent.
TJX Settles Cyber Thefts With 41 States
Hackers obtained information on 45.7 million credit and debit cards.