Lululemon Athletica has quietly closed its men’s standalone stores in New York City and Toronto even as it plans to more than double its men’s business in the next five years.
Apple expands Goldman credit card test to thousands of retail workers
Apple Inc. is ramping up a test of a digital-first credit card with Goldman Sachs Group Inc. by expanding its use to tens of thousands of the iPhone maker’s U.S. retail employees.
Barnes & Noble, poised to go private, posts another sales drop
Barnes & Noble Inc., on the verge of going private in a deal with Elliott Management Corp., reported another quarter of declining sales -- underscoring the challenge the New York hedge fund will face in turning the book retailer around.
The world now has three people worth more than US$100 billion each
Bernard Arnault, chairman of LVMH, entered the ranks of centibillionaires Tuesday as the luxury-goods maker climbed 2.9 per cent to a record 368.80 euros a share.
A former senior official with one of Canada’s largest pension plans defended Hudson’s Bay Co. Executive Chairman Richard Baker’s attempt to take the iconic retailer private, saying criticism that Baker was doing this for his financial benefit is just “Canadian negativity.”
Goldman, Citi among banks postponing assets move as Brexit looms
Goldman Sachs Group Inc. and Standard Chartered Plc are among global firms postponing the transfer of several billion euros of capital outside the U.K. despite regulatory pressure to complete the move.
Fresh off posting a fiscal second-quarter profit that beat analyst estimates and a sequential decline in loan loss provisions, Bharat Masrani touted his company's lending practices in the face of some recent dire calls against the Big Six in an interview with BNN Bloomberg.
DavidsTea sales fall $1.5 million in first quarter
The Montreal-based company says its sales for the first quarter were $44.3 million -- down $1.5 million or 3.3 per cent from $45.8 million in the same quarter the previous year.
Airbus edges back into lead with Paris orders for newest jet
Airbus SE muscled its way to the front again on the third day of the Paris Air Show, adding orders for its newest plane after U.S. rival Boeing Co. stole the spotlight with a mega-deal for its grounded 737 Max.
Adobe gains as revenue tops estimates on expanded portfolio
Adobe Inc. reported quarterly revenue that topped Wall Street estimates, signaling the Photoshop maker’s expanding product suite is continuing to fuel growth.