The parent company of Coach, Kate Spade and Stuart Weitzman reported first-quarter earnings that beat analyst estimates even as sales disappointed due to ongoing weakness at Kate Spade.
Hamley, the world’s oldest toy retailer, is set to be acquired by Reliance Brands Ltd., part of a Mumbai-based conglomerate owned by Mukesh Ambani, the richest man in India.
It was only five years ago that Palm Beach Outlets opened in West Palm Beach, Fla., yet in that brief time the 440,000-sq.-ft. center has become an important magnet in the region.