Everyone knows high fashion and high incomes go hand in hand, and clothes, cosmetics and perfume have put plenty of people on Forbes' billionaires list. But here's a surprise: The latest list has 34 new names, and 10 came from the world of fashion.
That bootleg Louis Vuitton bag you proudly dangle from your arm? Someday soon, it could get you fined, or worse, thrown in jail. Anti-counterfeiting crusaders' new campaigns are designed to shame and scare shoppers out of buying fakes.
Walgreens, the nation's largest pharmacy chain unveiled a new flagship store in Chicago that re-imagines the drugstore experience. Among the "unexpected" new offerings: fresh sushi, salon services, more than 700 fine wines and a juice bar. But will we really buy wine with our aspirin?
If you're not done with your holiday shopping, let DailyFinance help: Six of the nation's biggest retailers gave us the scoop on what's been flying off the shelves this year. So here's our exclusive rundown of some of the top sellers at Macy's, Target, J.C. Penney, Best Buy, Toys R Us and Sephora.
Recognizing that even the well-heeled have money problems these days and trying to expand their customer base, many luxury-goods sellers now have something for (almost) everyone. Here's a rundown of some less-pricey goodies you can get at the toniest shops in town.
Italian fashion label Prada is considering an IPO with primary listing in Hong Kong, rather than home-base Milan, accroding to reports. Four of its previous attempts at an IPO have been scrapped in the past 10 years, but now the time could be right.
According to accounts from several former employees, Prada Japan may have hit upon a creative -- if unethical -- method for boosting its sales: forcing employees to buy its merchandise.
The fashion industry's trend toward discrimination over physical attributes has moved off the runways and into retailers. A former senior retail manager at Prada Japan and two other employees, are accusing the famed fashion house of sexual harassment and appearance-based discrimination.
