Financial

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Financial

Inditex H1 Profits Decline 2.4%

Europe’s largest clothing retailer’s sales gained 6 percent in the period.

Johann Rupert Returns, is Named Richemont Chairman

The company reported sales slowed to 1 percent in the first five months.

Edward Lampert Loan Stirs Fears Over Sears

The firm's stock fell to a new 52-week low after its chairman and chief executive officer loaned the retailer $400 million.

Sears Stock Drops 9.4%

New $400 million loan shakes investors in the company, which logged the worst performance in the WWD Global Stock Tracker.

Sears Obtains $400M Loan From Edward Lampert

Entities affiliated with Sears Holdings Corp. have entered into a loan from affiliates of ESL Investments, of which Lampert is the sole stockholder.

Ann Inc. Rebuffs Latest Hedge Fund Push

Neither the investment community nor management was moved by the second push by activist investors to effect a sale of the retail chain.

Alibaba Worried About Facebook IPO as Considered Nasdaq vs NYSE

Nasdaq tried to persuade Alibaba that it had fixed the problem, the sources said, but it is not clear whether they were swayed.

Europe's Markets Lower

Fashion and luxury stocks had a mixed start to the week.

Cherokee Q2 Grows Despite Weakness at Target

Tony Hawk, strength in overseas markets lift royalties and profits in quarter.

Hudson's Bay Cuts Loss

The company reduced its net loss to $36 million in the quarter ended Aug. 2.

WWD Global Stock Tracker Holds Steady

Lululemon posts fashion's strongest gain, rising 3.3 percent.

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