Consolidated net sales at Express Inc., decreased 3 percent to 606.7 million dollars, with consolidated comparable sales down 3 percent, comparable retail sales, which includes both Express stores and e-commerce, decreased 5 percent compared to the fourth quarter of 2018. In total, retail sales decreased […]

On a day when many airlines have banned flights to Italy, Marco Bizzarri, president and CEO of Gucci, has donated 100,000 euros in a personal capacity to the Reggio Emilia healthcare company, which operates local hospitals including the Santa Maria Nuova Hospital. “Our healthcare system, which in these […]

Turkish luxury streetwear label Les Benjamins has secured an undisclosed investment from Esas Holding, a private equity firm in Turkey, which has offices in Istanbul and London. The investment is led by entrepreneur Fethi Sabanci Kamişli, founder and managing partner of Esas Ventures, and is supported […]

In 2019, Adidas delivered currency-neutral revenue increase of 6 percent or 8 percent in euro terms to 23.6 billion euros, which the company said increased despite supply chain shortages which the company had experienced following a strong increase in demand for mid-priced apparel. The company’s sales […]

As of December 31, 2019, the Salvatore Ferragamo Group reported total Revenues of 1,377 million euros (1,561 million dollars), up by 2.3 percent at current exchange and 1.3 percent at constant exchange rates. The company said in a statement that revenues in the fourth quarter registered a 2.1 percent […]

As if the recent decision by the European Union to partially withdraw Cambodia's preferential access to the European market under the "Everything but Arms" (EBA) programme wasn’t bad enough, now the coronavirus outbreak is threatening the country’s apparel and textile industry further: With textile […]

A global area of concern, the coronavirus has quickly become the topic at the front of all minds. As a result of responses to the health crisis, the stock market experienced sharp declines, demonstrating the impact of the virus on consumer industries. While the impact on fields including travel, entertainment […]

Dick’s Sporting Goods, Inc., reported consolidated net income for the fourth quarter ended February 1, 2020 of 69.8 million dollars or 81 cents per diluted share compared to 102.6 million dollars or 1.07 dollars per diluted share in the previous year. On a non-GAAP basis, the company reported consolidated […]

Italian luxury house Marni closed 2019 with turnover of 170 million euros, buoyed by a strong demand for its accessories, which accounts for 58 percent of its total sales. Often regarded as the designer’s designer, Marni’s subtle and subversive creations have always charted their own course with its […]

French Connection Group plc announced that though the first half of the financial year saw an improvement in underlying profitability, the second half of the year proved to be particularly challenging. The company said in a statement, underlying result for the full year to January 2020 was a loss of […]

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