The Los Angeles-based fashion retailer Nasty Gal is reducing the number of employees by 10 percent as part of its strategic restructuring. The increasing market competition and uncertainty in financing aspects are forcing the company to reduce the costs. Several former employees moved court against Nasty Gal against layoffs.
Levi's 5012 jeans were very famous and highly demanded globally in 1990s. They were so popular and expensive that they could be traded for heroin in Mexico at that time. These apparels were also a sign of wealth and success.
South Korea is famous for its skin care and cosmetic products that use unusual traditional ingredients, including snail slime. This ingredient is said to be very helpful in the skin collagen formation as well as to be used as moisturizer. More and more Korean beauty products enter the U.S. as the demand is also increasing.
The lawsuit claims a penalty of $18 million as well as the returning of $2 million royalty payment because Jay Z was not abiding by the agreement that he would promote his signature fragrance. Parlux Fragrances claimed that they have lost millions from potential sales and development costs and demanded a compensatory fine.
Adidas released its laceless soccer boot called “Ace 16+ purecontrol” to bring comfort, stability and especially control for football players, like German footballer Mesut Ozil, who is one of this shoe line's major faces.
The store who designed and manufactured the shirt keeps getting surge of orders. El Chapo, the drug lord captured last Friday, was shown wearing that shirt on a photograph with actor Sean Penn.
The New York based teen retailer plans to eliminate its corporate headcount as its sales fall. The company also reaffirmed its outlook for the fourth quarter.
The shopping volume during the US holiday season registered an overall growth of 2.4 percent during 31 October 2015 to 4 January 2016. However, physical sales at malls were not equally rosy as online sales rose 4.6 percent. It's estimated that restaurants and travel segments recorded good business this holiday season as US consumers prefer to spend more.
One innovative product appears in CES 2016. OMsignal, the pioneer of smart clothing introduces a smart bra that is able to function as fitness tracker.
Victoria's Secret owner became a billionaire as his company soared 71 percent after its initial public offering in the Hong Kong exchange in October.
Average watch wearers who dream of wearing that $40,000 Rolex watch, but don't have enough funds to buy one can simply join the Eleven James membership club, which allows its members to try out luxury watches for a period of time.
A 16.08 carat rare pink diamond sold for more than $28.55 million (28.73 million Swiss francs) at Christie's Geneva Magnificent Jewel sale. The largest cushion shaped vivid pink diamond in the auction was purchased by a Chinese client based in Hongkong. The private buyer dubbed the diamond as "The Sweet Josephine".
UGG has been marked as one of the leading brands to the shoe fashion market. Recently, it has come up with another of the upgraded idea, which is strongly anticipated to 'win' winters this year.
Nike prepares to launch shoes from future, as portrayed on a classic sci-fi action movie, Back to the Future. After securing the patent for its self-lacing shoes, the shoes will be ready to enter the market in the near future.
Retail giant H&M is looking forward to boosting its brand awareness throughout China with the opening of majority of its new establishments this year in the country regardless of the global concern over Asia's unstable economy, The Drum reported.