South Korea's trade ministry said the collapse of Hanjin Shipping was unlikely to affect exports as it contributes to just 6 percent of all shipping-related exports. However, textile exports may experience "some difficulties."
Oxford Industries recorded double-digit net sales growth for the second-quarter ended July 30, urged on by positive revenues across Tommy Bahama, Lilly Pultizer and the newly acquired Lanier Apparel brand.
The former American Apparel CEO has shared images at factories via social media this month. Charney was reported to be launching a new fashion business with Chad Hagan, Group President of Hagan Capital Group.
The United States has accused the European Union of grabbing revenue intended for U.S. coffers when it ordered Apple Inc to pay up to $14.5 billion in back taxes, a decision that could cause friction at an international summit in China next week.
Samsung Electronics unveiled two new smartwatches on Wednesday which boast a range of digital features that seek to outshine the Apple Watch, including connecting to the internet without the need of a smartphone.