ANALYSIS New York – Shares of European luxury brands Burberry and LVMH continued to fall on Tuesday morning trade on the companies’ exposure to the Chinese market, which has been hit by an outbreak of Coronavirus. Data from Bain & Co. indicates that Chinese customers - shopping both at home and abroad […]

Swiss watch exports to Hong Kong, the sector's biggest market, plunged 11.4 percent in 2019 due to a wave of pro-democracy protests there, the Swiss watch industry federation said Tuesday. Overall, however, watch exports were up by 2.4 percent to 21.7 billion Swiss francs (20.3 billion euros, 22.4 billion […]

For the week to January 25, 2020, John Lewis announced total sales decline of 2.5 percent as Clearance came to an end and competitor promotions impacted home sales. The company said in a statement that fashion sales were up 0.4 percent. Market changes drove strong sales of nursery products sending childrenswear, […]

Tendam Brands, the parent company of the Tendam Group posted a 3.6 percent increase in sales and 2.5 percent in like-for-like sales to 256.3 million euros (282.3 million dollars) during the third quarter. The company said in a statement, sales for the first ninth months of the 2019/2020 totalled 815.8 […]

The Department of Homeland Security (DHS) has released its first report on combatting counterfeit and pirated goods into Amercia. Its memorandum comes as apparel, accessories, hangbags, watches and jewellery are the top four category items seized in 2018, 56 percent of the year’s annual seizure statistics. […]

UPDATE New York – Earlier this week, fashion retailer Express announced its plans to close 91 locations over the next couple of years, including 31 stores by the end of January and 35 by the end of January 2021. The first wave of closures entered into effect this weekend. Talking to ‘Business Insider’, […]

New York - Fashion retailer H&M (HMb.ST) said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team has taken a range of action and is in close […]

American brand Amiri is suing Zara for allegedly copying its Amiri MX2 jeans the former selling them under the name Combination Skinny Biker Jeans. Amiri filed its complaint in federal court in Los Angeles demanding 3 million dollars in compensation from Zara's parent company Inditex. The lawsuit Amiri […]

VF Corporation has announced that it is commencing a review of strategic alternatives for the occupational portion of its Work segment. “Driving and optimizing our portfolio continues to be a top strategic priority for VF, and exploring strategic alternatives for our occupational Work brands is the […]

Third quarter revenues at VF Corporation increased 5 percent or 6 percent in constant dollars to 3.4 billion dollars, driven by VF’s largest brands, and its international and direct-to-consumer platforms. Excluding the occupational Work business, the company said in a statement, revenue increased 6 […]

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