Marcia Bernicat, US ambassador to Bangladesh, confirmed at a press conference following a meeting at the headquarters of the Bangladesh Garment Manufacturers & Exporters Association (BGMEA) in Dhaka last week that the US is planning to increase its imports of ready-made garments from Bangladesh. “The […]

J. C. Penney Company has announced a three-year growth plan and its financial expectations for improved performance beyond 2017. In light of these sales and profit enhancing initiatives, the company expects compounded annual comparable sales growth to be 3 percent; gross margin improvement of 75-100 […]

American Eagle Outfitters reported EPS of 0.23 dollar for the second quarter ended July 30, 2016, a 35 percent increase from EPS of 0.17 dollar for the comparable quarter last year. Total net revenue increased 3 percent to 823 million dollars from 797 million dollars last year. Commenting on the second […]

Earnings per share at L Brands for the second quarter ended July 30, 2016, were 0.87 dollar compared to 0.68 dollar for the quarter ended August 1, 2015. Second quarter operating income increased 1 percent to 408.2 million dollars compared to 402.9 million dollars last year, and net income was 252.4 […]

New York - Westfield's shopping mall at the Oculus at World Trade Center is now home to numerous shops and plenty of customers. It should be noted that the grand opening of the mall was originally expected to be some time in 2001. The mall consists of 365,000 square feet of retail space spread over […]

Involved in an intense costs-cutting plan, Snapdeal would be eager to close, barely 18 months after it acquired the online fashion platform founded in 2010 by founded in 2010 by Sunjay Guleria and Mohini Boparai Guleria. According to souces close to the matter quoted by ‘Mint’, Snapdeal’s […]

London - Karen Millen, founder of the eponymous fashion brand under the same name, has lost a high court ruling regarding the right to use her own name for a homeware and lifestyle endeavor she aimed to launch in the US and China. The legal dispute stemmed from an agreement Millen made in 2004, when […]

For the 74 weeks to June 30, 2016, total Group sales were 400.9 million pounds (522.2 million dollars) compared with the 53 week period last year. Like-for-like sales grew by 4.1 percent over the same period. However, fashion category sales that includes adult fashion, fashion accessories and perfumery […]

Urban Outfitters announced net income of 77 million dollars and 106 million dollars for the three and six months ended July 31, 2016, respectively. Earnings per diluted share were 0.66 dollar and 0.91 dollar for the three and six months, respectively. Total company net sales for the second quarter increased […]

New York - Ben Sherman is a brand familiar to many of us. The British-based company has been around since 1963, and has stores everywhere from London to SoHo. Recently, the brand has started stepping up their international retail presence. Several months ago, Marquee brands announced their partnership […]

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