It's now a race between Amazon and Walmart to see who will get to claim the coveted prize of Flipkart. As FashionUnited reported last month, Walmart seemed to be on its way to closing a deal to take a majority stake in Flipkart. Walmart seemed better poised to buy Flipkart because the transaction would've […]

French kid's fashion group Kidiliz and China’s Semir Group, having a combined turnover of two billion euros (2.4 billion dollars) are in the final stages of merger talks, said a joint-statement released by Semir and Kidiliz. Transaction between the two will culminate into Semir group taking over Kidiliz, […]

For the first quarter ended June 2018, Hermès Group's consolidated revenue amounted to 1,394 million euros (1,669.6 million dollars), up 11 percent at constant exchange and 3 percent at current exchange rates, due to the strengthening of the euro. The company said, this growth was driven by 11 percent […]

Adidas has reported currency-neutral revenue increase of 10 percent in the first quarter. In euro terms, the company’s sales were up 2 percent to 5.548 billion euros (6.645 billion dollars). This currency-neutral development, Adidas said, reflects an 11 percent increase at brand Adidas, which was driven […]

Consolidated revenue amounted to 379 million Danish krone (60.9 million dollars) at IC Group, a reduction of 13.9 percent or 11.9 percent in local currency driven by the wholesale channel as well as physical stores. During the quarter, three stores were closed. Gross profit amounted to 228 million Danish […]

Clothing and fashion make up the majority of the more than 530 billion euro the European e-commerce sector is worth. The fashion industry is buoyed by online marketplaces and new technology primarily applied to the improvement of the supply chain and the customer’s experience. “The next generation of […]

Gildan Activewear Inc. has said that its first quarter performance was largely in line with its expectations and the company is on track to attain its full year financial targets. Net earnings for the quarter were down to 0.31 dollar per share on a diluted basis, in the quarter. Net sales of 647.3 million […]

Macy's, Inc. has announced that it has acquired Story, a concept store in New York City and that Rachel Shechtman, Story’s founder and chief executive officer, will join Macy's as Brand Experience Officer, reporting to Hal Lawton, President of Macy's. In her role, Macy’s said, Shechtman will focus on […]

Hugo Boss said that the company achieved sales growth in all three regions in the first quarter. Group sales increased by 5 percent to 650 million euros (779.7 million dollars). The company added that group’s own retail business again provided the growth driver, with comp store sales up 7 percent. The […]

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 […]

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