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Business and Market Activity, Week of 23 May 2016

Luxury Goods Sales to Grow By No More than 2 Percent in 2016 via Bain & Co released its spring update on the global luxury market. Sales will grow by...

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Prada Store Closures to Offset Openings and Protect Profit Margins

MILAN — Italian fashion house Prada S.p.A. will offset new shop openings with selective retail store closures this and next year in an effort to protect profit margins from weaker demand....

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Market Activity: Hermès, Condé Nast, Neiman Marcus, Tiffany & Co.

Hermès Hermès International SCA reported full-year earnings that beat analysts’ estimates, supported by sales of leather goods and demand in Japan. Operating profit rose 19 percent to 1.54 billion euros ($1.7...

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Omni-Channel

I recently attended an International Center of Shopping Centers (ICSC) conference that focused upon retail development and law. One of the subject matters was omni-channel - the integration of web/app-based...

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