Fashion retailer Meccano has faced financial difficulties, including expensive leases, almost since it got acquired by De Vere Investments in February 2016, a new report from the company’s administrators reveal. Being just able to deliver three months of profits after the investment firm took over Meccano, […]

Amazon Inc. has announced that Australian consumers will now have to use the company's Australian website rather than the U.S. one beginning July 1 in order to avoid a new sales tax on certain imported goods. The news was first reported by Business of Fashion. Amazon has said that it would redirect […]

Lotte, the South Korean retail giant, has announced the unification of all its fashion businesses under the group's apparel affiliate to secure competitiveness in the local fashion industry. This new approach to pursue the efficiencies derived from centralised management received a nod of approval from […]

American Eagle Outfitters, Inc. recorded EPS of 0.22 dollar for the quarter ended May 5, 2018, compared to 0.14 dollar for the quarter ended April 29, 2017. Excluding restructuring charges of 0.01 dollar, the company’s adjusted EPS increased 44 percent to 0.23 dollar compared to 0.16 dollar last year. […]

Burlington Stores, Inc. announcing its first quarter results for the thirteen weeks ended May 5, 2018, said that total sales increased 12.8 percent to 1,518 million dollars. New and non-comparable stores contributed an incremental 82 million dollars in sales during the quarter. Accounting for the calendar […]

Total revenue for the first quarter of fiscal 2019 at Perry Ellis International was 255 million dollars, a 5.4 percent or 4.5 percent constant currency increase. The increase in revenue includes a 1.5 million dollars increase due to the adoption of the new revenue recognition standard, offset by declines […]

For the thirteen weeks to May 5, 2018, Express, Inc. reported net sales increased 1 percent to 479.4 million dollars, while comparable sales including ecommerce sales increased 1 percent, compared to a 10 percent decrease in the first quarter of 2017. Ecommerce sales increased 35 percent to 132.6 million […]

Announcing its results for the first quarter ended April 30, 2018, Mavi Giyim Sanayi ve Ticaret A.Ş. said that the company saw strong double-digit revenue growth quarter-on-quarter and an exceptional rise in profits across channels and categories, driven by increased basket sizes and transaction volumes […]

First quarter revenue at PVH Corp increased 16 percent or 10 percent on constant currency basis to 2.3 billion dollars. Earnings per share on a GAAP basis were 2.29 dollars compared to 0.89 dollar in the prior year period. Earnings per share on a non-GAAP basis were 2.36 dollars compared to 1.65 dollars […]

Guess, Inc. for its first quarter ended May 5, 2018 recorded GAAP net loss of 21.2 million dollars, a 0.3 percent improvement compared to 21.3 million dollars for the first quarter of fiscal 2018. GAAP diluted loss per share deteriorated 3.8 percent to 0.27 dollar from 0.26 dollar for the prior-year […]

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