December 2018 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 5.2 percent year on year while total sales including online sales also increased by 5.2 percent. The company said in a statement that same-store sales rose year on year in December as […]

Ahead of its full year results announcement on February 27, Van de Velde said in a statement that its the fiscal year 2018, reported turnover decreased 1.8 percent from 209 million euros to 205.2 million euros, while at constant exchange rates, revenues were down by -0.8 percent. Comparable turnover […]

International bank HSBC forecasts growth in the luxury sector to slow down from 9 percent in 2018 to 6 percent in 2019. But that isn't necessarily bad news. In a report titled Expecting the Unexpected, shared by email with FashionUnited, the bank said the main reason why it believes the sector is likely […]

OPINION Say Au Revoir to Raf Simons at Calvin Klein. It was a short, albeit brilliant tenure of two years and four collections. The man even became the second designer in CFDA history to win the award for menswear and womenswear designer of the year, a feat only ever accomplished before by Calvin Klein […]

Olymp Bezner KG has announced through a statement that the company recorded a 3.1 growth in annual turnover to 266 million euros (305 million dollars) compared to 258 million euros in 2017. The company added that it continues to grow within a very difficult market environment, despite the contrary trend, […]

Chanel is looking to strengthen its position in the watchmaking market. The French fashion house has acquired a 20 percent stake in Kenissi, a Swiss company making small timepiece parts, Reuters reports. Kenissi joins a number of other watch companies in Chanel’s investment portfolio, which also includes […]

We could be saying goodbye to Sears sooner than we think. The company is preparing itself for liquidation after their chairman Eddie Lampert's bid to buy the stores out of bankruptcy fell shorts of bankers qualifications. The news was first reported by Bloomberg. Last Friday an emergency meeting was […]

Callaway Golf Company (Callaway) has completed the announced acquisition of Jack Wolfskin from the previous shareholders on January 4, 2019 for 418 million euros or approximately 476 million dollars at an exchange rate of 1,140 euros to the US dollar. While Callaway is headquartered in Carlsbad, California, […]

Outdoor apparel and footwear brand, Columbia Sportswear Company has confirmed that it has closed its buyout of the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, its joint venture in China with Swire Resources Limited. The joint venture began operations on January […]

CEO INTERVIEW Much is discussed about the competition between brick and mortar stores and ecommerce, and the need for retailers to be “omnichannel”. But, for Danish company Miinto, this is not a battle. Rather, one can build a bridge between the high street and the Internet. Miinto is an online marketplace […]

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