There was a time, as recently as five years ago, when putting the locations of garment factories in supplier countries on a map seemed like a Utopian fantasy. There was fear on the buyers’ side to be associated with a certain kind of (read: sub-standard) factories and on the suppliers’ side to disclose […]

For its fourth quarter, Puma reported sales growth of 20.1 percent currency adjusted and 17.9 percent reported to 1,226.4 million euros (1,384 million dollars). In the financial year 2018, Puma’s sales increased by 17.6 percent currency adjusted or 12.4 percent reported to 4,648.3 million euros (5,246.7 […]

Nike, Inc. has announced a quarterly cash dividend of 22 cents per share on the company’s outstanding Class A and Class B Common Stock payable on April 1, 2019 to shareholders of record at the close of business March 4, 2019. For its second quarter, the company said, revenues increased by 10 percent […]

Kinnevik’s NAV decreased by 10 percent to 70.5 billion Swedish krona (7.6 billion dollars), or 256 Swedish krona per share, in the fourth quarter, which the company said was driven mainly by the negative share price development in Zalando. The company today also announced investment of 0.9 billion Swedish […]

One week after a groundbreaking research revealed the abuses endured by home-based garment workers in India, of whom 95 percent are female, Human Rights Watch (HRW) has published a report calling on the apparel sector to do more to combat sexual harassment against women and girls across the supply chain. […]

Iconic denim jeans company Levi Strauss & Co. Wednesday said it has filed for an initial public offering. The 145-year old company plans to list its shares on the New York Stock Exchange under the symbol "LEVI." The company said the number of shares to be offered and the price range for the proposed […]

VIA Outlets, the joint outlet shopping venture between Hammerson, APG, Value Retail and Meyer Bergman, has reported that total brand sales has increased to 1.07 billion euros in 2018. The strong FY 2018 results shows that the outlet shopping destinations, which are located in nine European countries, […]

For its fourth quarter, Under Armour, Inc. reported 2 percent or 3 percent rise in currency neutral revenue to 1.4 billion dollars. Wholesale revenue for the quarter increased 1 percent to 737 million dollars and direct-to-consumer revenue was flat at 577 million dollars, representing 41 percent of […]

Gone are the days when international fashion brands considered Brazil a promising market. Versace closed down its last store in the country in December, followed by Ralph Lauren one month later. Local real estate company JHSF, which brought the American brand to Brazil in 2015 with a shop in São Paulo’s […]

French luxury group Kering still has plenty of spring in its step despite cutting loose sneaker brand Puma, with Gucci grabbing the financial glamour with a profit margin nearing 40 percent. With the Stella McCartney, Volcom and Christopher Kane brands also off the books, the group saw sales soar 26.3 […]

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