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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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