Michael Kors Holdings’ first quarter revenue increased 0.2 percent to 987.9 million dollars from 986 million dollars in the same quarter of fiscal 2016. On a constant currency basis, total revenue was flat. Commenting on the first quarter trading, John D. Idol, the company’s Chairman and CEO, said, […]

Swatch Group, the world's largest watchmaker, posted a 52-percent fall in first-half profits on Thursday, with sales hurt by declining tourism after attacks in France and Belgium. The Swiss-based company also said revenues were down in its crucial market of Hong Kong. The entire luxury watch sector […]

The fashion industry is one of the world's most important business sectors. Globally worth a total of approximately 3 trillion US dollars, it is clear that fashion sells. Although the majority of the attention is usually focused on the designers behind the fashion houses, it is the business men and […]

It is no secret that fashion sells. The global fashion industry is currently valued at an astounding 3 trillion US dollars, according to FashionUnited's global statistics page, making it one of the most valued sectors in the world. The only thing which sells more than fashion, is "fast fashion", which […]

Coach net sales totalled 1.15 billion dollars for the fourth quarter, an increase of 15 percent on both a reported and constant currency basis. Net sales totalled 4.49 billion dollars for fiscal year 2016, an increase of 7 percent on a reported basis and 9 percent in constant currency from fiscal 2015. […]

London - US retail giant Wal-Mart Store has agreed to acquire Jet.com in the biggest deal made for an e-commerce startup - approximately 3.3 billion US dollars, as it aims to go head ot head with online mongul Amazon. Wal-Mart, the world's largest retailer, announced on Monday it agreed to acquire Jet […]

ANALYSISThe Gap Inc. comparable sales fell more than expected in July, dragging the stock a further 4 percent down and adding to the 27 percent the shares have withdrawn since the beginning g of the year. This time, Old Navy´s steady performance wasn´t enough to offset Banana Republic and Gap brands […]

Gap net sales for the four-week period ended July 30, 2016 were 1.10 billion dollars compared with net sales of 1.12 billion dollars for the four-week period ended August 1, 2015. For the second quarter, net sales were 3.85 billion dollars compared with 3.90 billion dollars for the same quarter last […]

London - At the moment there are no signs of a potential boycott concerning Britain or its British goods following the UK voting in favour of leaving the European Union. However, there is still plenty for British retailers to be worried about - especially those overseas - as more than a quarter of people […]

Do employees at luxury fashion house Dolce & Gabbana have reason to be concerned? The Italian company is said to have a plans to make a series of layoffs in the near future, according to industry sources, reports WWD. Dolce & Gabbana is said be to planning to cut roles at its two factories in Legnano, […]

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