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Estee Lauder reported flat revenue for the first quarter of 2015, which ended September 30, with net sales coming in at $2.63 billion relative to last year's $2.68 billion. Foreseeing a number of challenges in the coming months, the company also cut its guidance for the full fiscal year. At this point, Estee Lauder expects net sales to grow 2 to 3 percent in 2015, versus its original forecast of 3 to 4 percent. Read More »
Shoemaker Converse said Tuesday, Oct. 14, that it has filed a trademark infringement lawsuit against 31 retailers and manufacturers, including Walmart, Kmart, Skechers and H&M, accusing them of ripping off the design of its sneakers, according to a press release. Converse says it's fed up with rival shoe companies selling what the Nike-owned company calls clear knock-offs of its Chuck Taylor All-Star sneakers. Converse also filed a separate complaint with the International Trade Commission. Read More »
