The U.S. Senate voted on Wednesday in favor of keeping open-internet rules in a bid to overturn the Federal Communications Commission decision to repeal net neutrality rules, a decision not favoured by the White House.
U.S. jewelry chain Samuels Jewelers has hired a turnaround adviser at the request of its creditors in a bid to avoid the fate of brick-and-mortar retailers that filed for bankruptcy amid intensifying competition.
The United States is still pushing for a deal to revise the North American Free Trade Agreement, the White House said on Wednesday, while a Mexican official held out the possibility of an agreement in the coming weeks.
The apparel company released its Q1 2018 results on Wednesday, posting widening losses due to declines in its wholesale segment, and announcing the appointment of Maria Borromeo as president of Hudson Jeans.
Major global brands Nike, H&M, Burberry and Gap have signed up to an initiative that aims to improve the industry's record on sustainability after a study found less than one percent of clothing is recycled.
Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
Macy’s raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism, a new loyalty program and a greater product assortment.