Cherokee Global Brands has announced the sale of Flip Flop Shops, its franchise retail chain, to Bearpaw Holdings, LLC for an undisclosed amount. The company added that it intends to use the sale proceeds to reduce its long-term debt. “We’re pleased with the transaction, which aligns with our strategy […]

Hudson’s Bay Company (HBC) reported revenue of 3,088 million Canadian dollars (2,374.7 million dollars), an increase of 30 million Canadian dollars (23 million dollars) or 1 percent for the thirteen week period ended May 5, 2018. Overall comparable sales declined 0.7 percent, with total comparable digital […]

G-III Apparel Group, Ltd. recorded net sales for the first quarter increased 16 percent to 611.7 million dollars compared to 529 million dollars in the year-ago period. The company reported net income of 9.9 million dollars or 0.20 dollar per diluted share compared to a net loss of 10.4 million dollars […]

Indian organic and fair trade clothing label No Nasties not only talks the talks but proves with its latest initiative that it walks the walk too. To offset the impact of its production, packing and shipping, the label decided to start planting trees - its own grove in fact, in Odisha, India. To date, […]

Flash sale brand Rue La La has confirmed that it is to acquire Gilt, from the Hudson’s Bay Company to create a “multi-brand growth platform”. Both e-commerce destinations will continue to operate independently a statement confirmed, with both Rue La La and Gilt “retaining their unique identities and […]

Luxury footwear brand Tamara Mellon has raised 24 million dollars in a Series B round of financing led by existing investors New Enterprise Associates with new investor, Quadrille Capital. The Series B round of funding brings the total amount of capital raised by the luxury footwear brand ‘designed […]

Ascena Retail Group, Inc., for its fiscal third quarter ended April 28, 2018 reported a GAAP loss of 0.20 dollar per diluted share compared to 5.29 dollars per diluted share in the year-ago period, which included a significant non-cash impairment charge to write-down a portion of the company's goodwill […]

May 2018 same-store sales including online sales decreased by 2.7 percent year on year at Uniqlo Japan, a part of Fast Retailing Group. Sales at the company-owned stores decreased by 5.3 percent, while total sales including online sales decreased by 2.5 percent. The company said in a statement that […]

Compagnie Financière Richemont SA has said in a media statement that it has completed the sale of its wholly-owned subsidiary, Lancel, a French luxury leather goods company, on June 2, 2018 to Piquadro S.p.A., an Italian leather goods group listed on the Milan Stock Exchange. The company added that […]

VF Corporation has announced that it has completed its previously announced acquisition of the Altra brand, an athletic and performance-based lifestyle footwear brand, from Icon Health & Fitness, Inc. As a result of this transaction, the brand has now become a wholly owned subsidiary of VF Corporation. […]

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