ANALISIS Bondholders of New Look have appointed Rothschild investment bank to protect their interests in case the financial struggles the company is going through provoke a corporate overhaul. The market expects the troubled retailer to report continued losses and falling sales when it publishes a trading […]

Aditya Birla Fashion and Retail Ltd (ABFRL), the company managing Forever21 in India, has started downsizing the American brand presence in the country following a decline in sales. The Indian licensee of the American fast fashion brand is downsizing the brand’s stores and cutting costs as sales from […]

The Bon-Ton Stores announced on February 4, 2018 that the company has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The company added that it is currently in discussions with potential investors and its debt-holders regarding […]

January 2018 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, decreased by 2.4 percent while sales at the company’s own stores decreased by 4.2 percent. Total sales including online sales decreased by 2.3 percent. The company said, despite the record cold weather […]

Deckers Brands for the third fiscal quarter ended December 31, 2017 reported net sales increase of 6.6 percent to 810.5 million dollars compared to 760.3 million dollars for the same period last year. On a constant currency basis, net sales increased 6.3 percent. Diluted earnings per share for the quarter […]

The Dune Group has reported an increase in like for like retail sales of 6.5 percent for the autumn/winter season and 5.2 percent for the 52 weeks ended January 27, 2018. Retail sales for the six weeks to December 30, the company added were up 7.2 percent on a like for like basis driven by growth across […]

Ralph Lauren Corporation reported loss per diluted share of 1 dollar on a reported basis and 2.03 dollars on an adjusted basis, excluding restructuring and related charges as well as the impact of tax reform, for the third quarter of fiscal 2018. This compared to earnings per diluted share of 0.98 dollar […]

Chinese e-commerce giant Alibaba Thursday posted a 35 percent surge in net profit in the third quarter, fuelled by a record-breaking sales bonanza during its annual Singles Day shopping festival. The company said profit jumped to 24.1 billion yuan (3.7 billion US-dollar) between October and December, […]

The Salvatore Ferragamo Group, in its preliminary results statement for fiscal year 2017 said that total consolidated revenue amounted to 1,393 million euros (1,728.9 million dollars), down 3.1 percent at current exchange and 1.4 percent at constant exchange rates against FY16. Revenues in the fourth […]

Marks and Spencer Plc (M&S) today announced that as part of its transformation plan, the company intends to reposition 25 percent of clothing & home space through a combination of closures, downsizes, relocations and conversions to food-only stores. The company said, six stores at Birkenhead, Bournemouth, […]

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