Bloomberg News | The Hell’s Angels have sued Alexander McQueen and Saks, charging trademark infringement over use of the club’s death-head mark on fashion accessories.
Saks
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Teen retailers pace Sept. gains in same-store sales
Teen apparel retailers led generally stronger-than-expected same-store sales in September, with a late start to the back-to-school season helping those chains beat Wall Street forecasts.
Department stores and luxury chains also posted forecast-beating results, though retail experts warn the gains could be short-lived as consumers draw up budgets for the holiday shopping season. Get the full story »
Smaller inventories help Saks narrow loss in 2Q
Saks Inc. posted better-than-expected quarterly results Tuesday, helped by an uptick in luxury spending and selling fewer items at a discount. That sent its shares up more than 3 percent.
Saks said sales at stores open at least one year, or same-store sales, rose 4.6 percent, with its flagship department store on Manhattan’s Fifth Avenue performing well. Get the full story »
