Fossil Group shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
Sustainability-focused coastal brand Banks Journal has opened its first brick-and-mortar flagship in Los Angeles' The Row DTLA. In addition to apparel, the store features curated goods from "like-minded brands."
As many labels seek alternatives to traditional Fashion Week runways, the NYC-based brand announced this Wednesday that its Spring 2018 show will take place in a rather more original setting: Disneyland.
Lanvin staff will grill management and Fosun at a meeting on Thursday, seeking guarantees about jobs following the Chinese group's deal to buy a controlling stake in the brand, sources have told FashionNetwork.com.
Japanese retailer Uniqlo will be entering the Dutch market this autumn with its first Netherland store opening in Amsterdam. The 2,040 m2 shop will be located on the city's main shopping street, Kalverstraat.