"In light of the current economic and currency uncertainty, we no longer wish to provide a written guidance," Chief Executive Axel Dumas told journalists on a conference call, adding Hermes continued to aim to outperform the market. This was how the French luxury goods maker Hermès announced on Wednesday […]

London - Spanish fashion conglomerate Inditex continues to expand its global reach by opening its first Zara store in Vietnam. Zara, the leading fashion brand from the company, recently opened its debut store in the former city of Saigon, Ho Chi Minh City’s Vincom Centre. The new store spans a total […]

The Hermès Group's consolidated revenues amounted to 2,440 million euros (2,739 million dollars) in the first half of 2016, up 7 percent at constant exchange rates. After adjustment for the negative currency effect, growth was 6 percent. Operating income, up 11 percent, amounted to 827 million euros […]

Ahead of the Annual General Meeting, Compagnie Financière Richemont has announced that its sales for the first five months of the current financial year ended August 31, 2016 decreased by 13 percent at constant exchange rates and 14 percent at actual rates. Excluding exceptional watch returns taken […]

The global fashion market is currently worth a staggering total of approximately 3 trillion US dollars - that's 3,000 billion US dollars - but what is any dress worth without the bare necessities, aka lingerie, underneath it? As FashionUnited is turning its editorial focus on womenswear this month in […]

New York Fashion Week kicks off the international ready-to-wear fashion week season, today. But how beneficial is it financially for a city to hold a fashion event twice a year? According to calculations carried out by FashionUnited, the total income for New York during New York Fashion week is 574 […]

Karl Lagerfeld has entered into a multi-year licensing agreement with Overland Shoes for the design and distribution of its men’s and women’s footwear in Europe and the Middle East. The first collection will launch for autumn/winter 2017, with deliveries set to hit stores from June 2017. The collection […]

Gap net sales for the four-week period ended August 27, 2016 decreased 2 percent to 1.17 billion dollars compared with net sales of 1.20 billion dollars for the four-week period ended August 29, 2015. “While we are pleased with the continued progress at Old Navy, we remain focused on improving results […]

Lululemon Athletica said that for the second quarter ended July 31, 2016, its net revenue increased by 14 percent to 514.5 million dollars from 453 million dollars in the second quarter of fiscal 2015, or increased by 15 percent on a constant dollar basis. Total comparable sales, which includes comparable […]

L Brands reported net sales of 852.9 million dollars for the four weeks ended August 27, 2016, an increase of 3 percent, compared to net sales of 826 million for the four weeks ended August 29, 2015. Comparable sales increased 2 percent for the four weeks period. The company reported net sales of 6.356 […]

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