Online personal styling service, Stitch Fix, Inc., for its third quarter of fiscal year 2018 ended April 28, 2018 reported 30 percent increase in active clients to 2.7 million, while net revenue of 316.7 million dollars, increased 29 percent year over year. The company also recorded net income of 9.5 […]

Italian luxury fashion house Gucci under the Kering umbrella said on Thursday that it targets to surpass a sales figure of 10 billion euros (11.8 billion dollars) in annual sales and replace LVMH’s Louis Vuitton as the biggest global luxury label. Financial Times quoted, Gucci’s Chief Executive Marco […]

Total net sales at Zumiez, for the first quarter ended May 5, 2018 increased 13.9 percent to 206.3 million dollars from 181.2 million dollars in the first quarter ended April 29, 2017. Comparable sales for the period increased 8.3 percent compared to 1.8 percent for the thirteen weeks ended April 29, […]

Four generations of consumers coexist today: the Baby Boomers, born between 1945 and 1968; Generation X, born between 1969 and 1983; Millennials, born between 1985 and 1993; and Generation Z, comprising those born from 1994 to 2002. Catering for the needs of younger generations is key for many businesses’ […]

Ralph Lauren Corporation announcing its strategic growth plan, “Writing Our Next Great Chapter,” said that it is to deliver sustainable long-term growth and value creation. The company also revealed its long-term financial outlook and raised its dividend by 25 percent to 0.625 dollar. Commenting on […]

Mohair South Africa (MSA), the organization that represents the South African mohair industry, has issued a “final statement” regarding the claims of animal abuse made by PETA last month. The animal rights organization released an undercover video which shows workers dragging goats by their horns and […]

Vera Bradley, Inc., for the fiscal first quarter ended May 5, 2018 reported net revenues of 86.6 million dollars compared to 96.1 million dollars for the prior year first quarter ended April 29, 2017. The company said, revenues were in line with the company’s guidance range of 84 million to 89 million […]

Luxury modest fashion website has secured 15 million US dollars (approximately 11 million pounds) during a funding round led by Vaultier7, both companies informed in a statement. Founded in 2017 by Ghizlan Guenez and a team of Net-a-Porter veterans, The Modist sells 125 brands and its own private label, […]

L Brands, Inc. reported net sales increased 10 percent to 851.9 million dollars for the four weeks ended June 2, 2018, compared to 774.3 million dollars for the four weeks ended May 27, 2017. Comparable sales for the period increased 5 percent compared to the same period last year. The company reported […]

Brussels - In retaliation for US President Donald Trump’s safeguard measures imposed on steel and aluminium imports from the EU to the United States, the European Commission took steps to neutralize these measures. As of 20 June 2018 it will be increasing taxes up to 25 percent on US products, including […]

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