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Anne D'Innocenzio, Associated Press

More from Anne D'Innocenzio, Associated Press

Retail Funk: Stores Face Biggest Challenges Since Recession

This time, the culprit's not the economy but shoppers, whose habits have changed profoundly and permanently, as they shop online more and look for deals.

Coach Will Spend $2.4 Billion on Kate Spade

Coach Inc. CEO Victor Luis said that Kate Spade has a "strong awareness among consumers, especially millennials."

Ivanka Trump’s Biz Prospers as Politics Mixes with Business

The G-III Apparel Group Ltd., which makes Ivanka Trump clothes, said net sales for the collection increased by $17.9 million during the year that ended Jan. 31.

Target Is Counting on Victoria Beckham to Spice Up Sales

The latest launch comes as the Minneapolis-based chain is trying to rev up sales and traffic after its reinvention lost momentum.

Ralph Lauren CEO Stefan Larsson Steps Down

Larsson — who also serves as president — will remain with the New York company until May.