For the first quarter, Under Armour, Inc. said revenue was up 6 percent or 4 percent currency neutral to 1.2 billion dollars. Operating loss for the quarter was 29 million dollars while adjusted operating income was 16 million dollars. The company reported net loss of 30 million dollars. Excluding the […]

HanesBrands, for the quarter ended March 31, 2018, reported net sales growth of 7 percent to 1.47 billion dollars versus a guidance range of 1.42 billion to 1.44 billion dollars. The company said, GAAP diluted earnings per share for continuing operations increased 16 percent to 0.22 dollar compared […]

Net sales at Tapestry for the third quarter totalled 1.32 billion dollars, an increase of 33 percent on reported and 30 percent on a constant currency basis. The company now projects earnings per diluted share in the range of 2.57 dollars-2.60 dollars, an increase of about 19 percent to 21 percent for […]

Authentic Brands Group LLC (ABG), owner of a brands including Juicy Couture, Jones New York, Herve Leger, and Judith Leiber, has finalised its purchase of Nautica from VF Corporation, to mark the company’s largest brand acquisition to date. The addition of Nautica propels ABG’s portfolio to nearly 7 […]

J Sainsbury Plc and Walmart Inc. have agreed to a proposed combination of Sainsbury's and Asda Group Limited, a wholly owned subsidiary of Walmart, to create an enlarged business. The news of merger between Sainsbury’s and Asda, according to The Guardian, led the Britain’s stock market to its highest […]

Chico's FAS has announced that the brand’s apparel and accessories will soon be made available on Amazon.com. "We are thrilled to be collaborating with Amazon on this new initiative," said Shelley Broader, CEO and President of Chico's FAS in a media statement, adding, "Chico's FAS will be one of the […]

The board of directors of IC Group has announced that the company has completed the process of selling Peak Performance to Amer Sports Corporation at 1.9 billion Danish krone. Commenting on the completion of deal with Amer Sports, the Chairman of the IC Group board of directors Peter Thorsen said in […]

Luxottica closed the first quarter of 2018 with sales down by 0.8 percent at constant exchange rates and 10.7 percent at current exchange to 2,136 million euros (2,591 million dollars), which the company said were due to the temporary slowdown in Europe caused by a delayed sun season and the restructuring […]

ANALYSISApparel stocks are back in fashion, on the trading floor: shares of quoted fashion retailers Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Guess (GES), Burlington Stores (BURL) are attracting the attention of investors as they near historic highs. Abercrombie & Fitch shares are […]

Marc Jacobs’ eponymous fashion label is taking yet another step in its digitisation journey: the apparel company is collaborating with Microsoft to take its accounts payable and invoice processing on to the cloud, aiming at optimising its supply chain and payments systems. The fashion group has deployed […]

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