New York - International luxury e-commerce site Farfetch has reached its one millionth customer. Since the London-based company was founded in 2008, they have quickly grown into one of the biggest names in the luxury online retail market. Farfetch, a platform for selling designer brands curated from […]

London - Luxury online retailer Net-a-Porter has teamed up with Cathay Pacific to launch its debut inflight e-commerce venture. The new partnership sees Net-a-Porter and its male counterpart, Mr Porter, launch their e-commerce platforms on Cathay Pacific A350 aircrafts via its new inflight wifi to offer […]

The global fashion market is a leading industry well known for key players, such as Inditex, LVMH, H&M and Nike and is valued at 3 trillion dollars, or 3,000 billion US dollars. The fourth installment of FashionUnited’s series takes a closer look at the fashion industry in China. With 336 billion US […]

The H&M group’s sales including VAT increased by 10 percent in local currencies in July 2016 compared to the same month the previous year. The total number of stores amounted to 4,105 on July 31, 2016 compared to 3,649 on July 31, 2015. H&M, founded in Sweden in 1947, retails fashion brands such as […]

Harris Associates has reduced its stake in Prada in a moment when the European luxury retailer fights to keep its turnaround plan on track. The US equity firm first invested in Prada in late 2014. The known as an activist investor, sold more than two million shares in Prada last week, reported ‘The […]

J. C. Penney Company’s comparable sales increased 2.2 percent for the second quarter, delivering a two-year stack of 6.3 percent. Net loss improved 52 percent to 56 million dollars or 0.18 dollar per share versus the prior year. “We are pleased with the sequential improvement we achieved throughout […]

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar […]

Nordstrom earnings per diluted share were 0.67 for the second quarter ended July 30, 2016, which the company said exceeded its expectations. Total company net sales decreased 0.2 percent and comparable sales decreased 1.2 percent, compared with the same period last year. "Over the past several quarters, […]

Gap has appointed Brian Goldner to serve on the Gap board of directors, effective August 12, 2016. Goldner, 53, is currently Chairman, President and CEO of Hasbro. “Brian’s ability to drive transformative change is impressive, as his leadership has enabled Hasbro to emerge as one of the most profitable […]

The Tom Tailor Group achieved a slight rise in sales in the second quarter of the fiscal year 2016. In the first half, sales increased 2.2 percent to 451.3 million euros (503.9 million dollars). The company said that the growth was driven by the Tom Tailor brand, which posted gains in both the retail […]

Related news