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TJ Maxx has become a force in luxury retail, taking advantage of department stores canceling orders and brands clearing end of season lines. But whilst it’s good for shoppers as the average price of luxury goods increases, the strategy has risks for the store and the high-end labels, explains Bloomberg Opinion columnist Andrea Felsted. (Source: Bloomberg)
Three repeat offenders have been sentenced to up to two years and two months behind bars for stealing 83 Jellycat and Labubu plushies worth a total of HK$115,200 (US$14,770) from a Hong Kong shopping centre last year. The District Court heard on Friday that the three men had stolen the popular merchandise from two claw machine shops at Kwai Chung Plaza on the instructions of other suspects who remain at large. A waiter, Tang Lik-ming, 35, and a wood painter, Wong Wai-chun, 36, pleaded guilty to...
Apollo Global Management Inc.-owned retailer Michaels Cos. used a windfall from tariff refunds to help cut its leverage, according to people familiar with the matter.
Coffee bars. Water parks. Retail therapy. North Korea – a country few would associate with leisure or pleasure – is experiencing an unlikely outbreak of fun. Leader Kim Jong-un, himself no stranger to indulgence, is orchestrating new ways for his citizens to spend their wealth. North Korea’s imports of massage equipment have surged 40-fold over the past decade, according to Chinese customs data. Treadmill shipments jumped over 600 per cent. Pianos and even bumper cars are pouring in, too. The...
Canada’s buy-local movement remains strong, but new tariffs could test how much more shoppers are willing to pay.
Barington Capital Group, the activist investor with a long track record in retail, has taken another stake in Bath & Body Works Inc. and is recommending the personal-care and fragrance store chain to explore a sale.
Macy's shares fell after the retailer offered third quarter guidance that disappointed investors. Bloomberg's Romaine Bostick spoke to CEO Tony Spring on the phone and has more. (Source: Bloomberg)
Six months’ salary in a single day. That’s the kind of payoff China’s boom in initial public offerings is handing to a lucky few.
Sao Paulo prosecutors have named Casas Bahia as a beneficiary of an alleged tax credit scheme. The retailer says it has not been formally notified. The post Casas Bahia Is Named in the Sao Paulo Tax Credit Investigation appeared first on The Rio Times.
Dana Telsey, CEO & chief research officer at Telsey Advisory Group, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the fashion statements being made by players at the US Open and how that translates to consumers. (Source: Bloomberg)