Lifestyle

Michael Hill reports decline in first quarter sales

Michael Hill reports decline in first quarter sales

Tough operating conditions of the Canadian operations of Michael Hill International declined its total same store sales by 0.4 per cent to $77.2 million during the first quarter of current financial year.

Australian same store sales, on the other hand, surged 0.2 per cent to $54.5 by September end based on NZ dollar.

Five month sales for Richemont falls 16%

While reporting a 16% plunge in five-month sales, luxury goods maker Compagnie Financiere Richemont SA, on Wednesday, met forecasts and specified it is careful in spite of the indications of slowdown in the fall of its demands.

Jaeger team to purchase luxury brand Aquascutum

Jaeger team to purchase luxury brand Aquascutum

The UK fashion chain, the team behind Jaeger led by clothing entrepreneur Harold Tillman, is mulling to purchase 158-year-old British luxury brand Aquascutum.

Quarterly profit of jewelry retailer Tiffany plunges 62%

Quarterly profit of jewelry retailer Tiffany plunges 62%

The quarterly profit of the New York-based jewelry retailer Tiffany & Company plunged a whopping 62 percent, largely because consumers cut back on luxury purchases leading to a sharp drop in sales, especially in the US. 

Abercrombie & Fitch Plans Further Price Cuts After 1Q Loss

Abercrombie & Fitch Plans Further Price Cuts After 1Q Loss

Reporting a deeper-than-anticipated first-quarter loss, Abercrombie & Fitch Co.

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