Shoe Carnival, Inc. reported net sales increased 14.2 percent to 268.4 million dollars, with approximately 19.7 million dollars of this increase attributable to the one-week shift in the calendar due to fiscal 2017 being a 53-week year and comparable store sales increased 6.7 percent. Gross profit margin […]

Italian men’s luxury group Ermenegildo Zegna has acquired 85 percent stake in the American luxury label Thom Browne from Sandbridge Capital for around 500 million dollars, reports Financial Times quoting a statement from the company. The report further quoted Gildo Zegna, Chief Executive of Ermenegildo […]

Naked Brand Group Limited has announced term sheet for 25 million dollars strategic investment from Sapinda Holding B.V. The company said in a statement that if the investment contemplated by the term sheet is completed, it will provide unique operating synergies, investment capital that would support […]

INTERACTIVE DSW Inc. said in a statement that total revenue for the second quarter increased by 16.4 percent to 795 million dollars, including 72.5 million dollars from the consolidation of its Canadian retail business. Comparable sales increased 9.7 percent for the 13-week period excluding results […]

IC Group has reported 9.2 percent revenue decline measured in local currency from the Group's continuing operations to 1,535 million Danish krone (240.4 million dollars) for the fiscal year 2017/18. The company said, gross margin was 1 percentage point higher than last financial year. The operating […]

Paris - In the fashion industry we have Western brands on one hand, and Chinese brands on the other. Occasionally we see both intertwined which raises the question: how can these very different cultures coexist in the same industry, and what roles will they play? China already has its foot in the door […]

Li & Fung Limited announcing its interim results for the six months ended June 30, 2018 said that in the period under review, the company was affected by a challenging macroeconomic and retail environment which saw continued destocking, store closures and bankruptcies. Core operating profit of its continuing […]

ANALYSIS New York- Move on athleisure, plus-size fashion is here to stay and has already conquered the hearts and budgets of many in the apparel industry. Spending on this niche is on the rise and so are the opportunities for retailers wanting to tap on the 46 dollars billion opportunity. Over the past […]

INTERVIEWUnsold inventory is a big issue for luxury fashion labels. While affordable and mid-range brands can make use of discounts and sales to try to get rid of excess stock, luxury brands avoid using this strategy out of fear of harming their image of exclusivity. British label Burberry has recently […]

Foot Locker, Inc. reported net income for the company’s second quarter ended August 4, 2018 of 88 million dollars or 0.75 dollar per share compared to 51 million dollars or 0.39 dollar per share in the same period of fiscal 2017. The company said, second quarter comparable store sales increased 0.5 […]

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