In its May update, Myer Holdings anticipated EBITDA growth to exceed sales growth in FY2017 and NPAT to be higher than 69.3 million Australian dollars (54.7 million dollars). However, on the back of continued weakness in retail trading conditions, particularly in July, the company now anticipates FY2017 […]

London - With sports bra sales on the rise across the globe, thanks in part to the rise of athleisure, retailers, and brands are doing everything they can to protect their assets. So it should come as no big surprise that Canadian activewear label Lululemon Athletica filed a lawsuit against US sportswear […]

Inditex CEO Pablo Isla has unraveled the keys to the future of the world's largest fashion retailer: "solid, sustainable and integrated" growth that revolves around a business network model that integrates traditional stores and online sales. On Tuesday, Inditex held its General Shareholders' Meeting, […]

German sporting goods firm Puma raised its sales and profits forecasts for the full year Monday, saying it enjoyed strong second-quarter performance and was confident for the second half. The Bavaria-based firm now expects to increase sales between 12 and 14 percent, adjusting for currency effects -- […]

UPDATESir Phillip Green’s flagship brand will be shuttering down half of its stores in Australia, as the business struggles to find a viable alternative for its financial struggles. Topshop Australian subsidiary fell into administration back in May, having its administrators closed five of its underperforming […]

ANALYSISAfter announcing it was putting itself up for sale, high-end shoemaker Jimmy Choo has started to receive serious interest from potential new owners. News reports point to Michael Kors and Hony Capital as the first bidders. As reported by ‘Sky News’, Michael Kors would have indicated that it […]

The board of directors of Fast Retailing said that the company generated rises in both revenue and profit in the first nine months of fiscal 2017, with consolidated revenue totalling 1,477.9 billion Japanese yen (13 billion dollars) , up 3 percent and operating profit reaching 180.6 billion Japanese […]

London - Alpargatas, the company behind the iconic Brazilian flip-flop brand Havaianas, has been sold for 1.1 billion US dollars (850 million pounds). J&F Investimentos SA has agreed to sell its controlling stake in the flip-flop manufacturer to three investment firms held by some of Brazil's leading […]

Retail sales at Burberry increased 3 percent underlying and 13 percent at reported FX in the first quarter to June 30, 2017. The company’s comparable sales rose 4 percent. Burberry said, timing of store footprint changes in the quarter resulted in lower average space year-on-year, reducing revenue by […]

Net revenues at Levi Strauss grew 6 percent on a reported basis and 7 percent excluding 11 million dollars in unfavourable currency translation effects to 1,068 million dollars, for the second quarter ended May 28, 2017. Net income, Levi Strauss said, however, declined 13 million dollars primarily due […]

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