REPORTFoot Locker reported net income of 158 million dollars for the 13 weeks ended January 30, 2016, which equates to earnings of 1.14 dollars per share, an increase of 13 percent. For fiscal year 2015, the company reported net income of 541 million dollars, or 3.84 dollars per share. On a non-GAAP […]

German designer Karl Lagerfeld has welcomed a new investor for his eponymous fashion house, namely G-III Apparel Group. The group, who acted as Lagerfeld’s joint-venture partner for his entry into the US, has acquired a 19 percent stake in Karl Lagerfeld Group through a capital increase, reported Women’s […]

REPORTGap reported adjusted diluted earnings per share of 0.57 dollar for the fourth quarter of fiscal year 2015 and 2.43 dollars for fiscal year 2015. On a reported basis, the company’s diluted earnings per share were 0.53 dollar for the fourth quarter and 2.23 dollars for fiscal year 2015. The company […]

REPORTGap reported adjusted diluted earnings per share of 0.57 dollar for the fourth quarter of fiscal year 2015 and 2.43 dollars for fiscal year 2015. On a reported basis, the company’s diluted earnings per share were 0.53 dollar for the fourth quarter and 2.23 dollars for fiscal year 2015. The company […]

REPORTBillabong International for its half-year to December 31, 2015 said that total group sales were up 7.6 percent and down 0.8 percent on a constant currency basis. The Group's big three brands grew in wholesale equivalent revenue (including sales to own retail) with Billabong up 2.6 percent, Element […]

REPORTJ. C. Penney Company reported comparable store sales grew 4.1 percent for the fourth quarter and 4.5 percent for the full year. The company said that combination of strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of 715 million […]

Beijing has surpassed New York City to become the "billionaire capital of the world" with 100 resident billionaires to the US business and cultural capital's 95, a survey showed. The number of Beijing billionaires rose by 32 from last year, while New York's tally rose by just four, according to the […]

REPORTL Brands earnings per share for the fourth quarter ended January 30, 2016, increased 14 percent to 2.15 dollars from 1.89 dollars for the quarter ended January 31, 2015. Adjusted earnings per share for the year, which exclude a 78.1 million dollars (0.23 dollar per share) first quarter pre-tax […]

REPORTThe TJX Companies reported net sales for the fourth quarter increased 8 percent to 9 billion dollars and consolidated comparable store sales increased 6 percent over last year's 4 percent increase. For the 52-week fiscal year ended January 30, 2016, net sales were 30.9 billion dollars, a 6 percent […]

REPORTFor the full year ended December 31, 2015, net sales at Steve Madden increased 5.3 percent to 1.4 billion dollars from 1.3 billion dollars in the prior year. Net sales increased 0.5 percent in the fourth quarter to 344.3 million dollars compared to 342.6 million dollars in the same period of 2014. […]

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