The fashion retail group, which operates 148 stores for global brands in Singapore, Malaysia and Indonesia, reported net profit of 3.5 million Singapore dollars (US$2.58 million) for the full fiscal year.

Executives, industry organisations and law enforcement agencies say that criminal organisations are increasingly stealing millions of dollars of merchandise to illegally resell.

The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded watches on the secondary market by value, declined by 1.1 percent in a month. But mid-tier timepieces from brands like Cartier outperformed.

Leonard A. Lauder, the billionaire heir to the Estée Lauder Companies cosmetics fortune, plans to step down from the company’s board of directors in November of this year.

Ulta Beauty on Thursday raised its annual earnings and revenue forecast, bolstered by resilient demand for its premium cosmetics and fragrances despite a broader decline in discretionary spending, and posted a better-than-expected quarterly profit.

Gap Inc. on Thursday forecast a steeper-than-expected decline in current-quarter sales after missing expectations in the second quarter, hit by slowing demand for its accessories and apparel as budget-strained American customers cut back on spending.

Canada’s corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart and Hugo Boss to probe allegations of Uyghur forced labour in the companies’ supply chains and operations.

Rolex SA is buying the luxury retailer Bucherer AG in a deal that will give the biggest Swiss watch brand a major presence in consumer sales for the first time.