Defying stubborn department store and mall traffic weakness — and after an abysmal start to the retail year — consumers are loosening their purse strings, just in time for the critical holiday season.
Ralph Lauren Corp.'s effort to streamline and restructure its business, which includes cutting back its exposure in department stores and reducing shipments to off-price channels, is beginning to pay off.
Alibaba's strong financial performance showed no signs of slowing down in its second quarter as the Chinese Internet giant topped analyst estimates and raised its revenue outlook for the year.