While most Swiss watchmakers have been reluctant to go into e-commerce, Omega may have just started the domino effect. The company has officially started selling their watches online, thereby disrupting the way expensive watches are bought. Watch aficionados have been buying and selling online for quite […]

Barclays takes sides with Inditex, sending H&M stock down Barclays analysts downgraded Hennes & Mauritz (NHHMY) shares on Tuesday, arguing that its direct competitor, Inditex owned Zara, is the fast fashion retailer performing the best in Europe. H&M Hennes & Mauritz AB (HNNMY) stock was under pressure […]

In its interim trading update, Billabong International has announced that the company’s EBITDA for the year of 51.1 million Australian dollars (38.5 million dollars) was up 2.8 percent on a constant currency basis, and was less than a million dollars below the guidance range that it provided at the […]

Urban Outfitters reported net income of 45 million dollars and 107 million dollars for the three and nine months ended October 31, 2017, against 47 million dollars and 154 million dollars, respectively. Earnings per diluted share were 0.41 dollar and 0.94 dollar for the three and nine months ended October […]

Abercrombie & Fitch’s GAAP net income per diluted share was 0.15 dollar for the third quarter ended October 28, 2017, compared to 0.12 dollar for the third quarter last year. Excluding certain items, the company reported adjusted non-GAAP net income per diluted share of 0.30 dollar for the quarter, […]

Foot Locker has reported third quarter net income of 102 million dollars or 0.81 dollar per share, compared with 157 million dollars or 1.17 dollars per share in the same period of 2016. Third quarter comparable-store sales decreased 3.7 percent and total sales decreased 0.8 percent, to 1,870 million […]

Developer of designer outlets, McArthurGlen Group has announced that total sales across its 24-centre portfolio increased to 4.5 billion euros (5.3 billion dollars) in 2017. The company recently also announced the appointment of Tom Enraght-Moony as its new Chief Customer Officer. Commenting on the […]

The Accord on Fire and Building Safety in Bangladesh (Accord) has issued its quarterly progress report, finding that the overall remediation progress for the more than 1,600 factories covered by it stands at 80 percent. There is even 100 percent remediation from initial inspections at 120 factories […]

Shoe Carnival reported net sales of 287.5 million dollars for the third quarter of fiscal 2017, a 4.7 percent increase, while comparable store sales increased 4.4 percent. Gross profit margin decreased 0.1 percent to 29.8 percent compared to 29.9 percent in the third quarter of fiscal 2016. Net income […]

Gap’s third quarter diluted earnings per share were 0.58 dollar, while total company comparable sales increased 3 percent versus a 1 percent decrease last year, which the company said, excluded an estimated negative impact from the Fishkill distribution center fire of approximately 2 percentage points. […]

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