The Swiss luxury goods group Compagnie Financière Richemont SA has acquired 100 percent of the share capital of Watchfinder.co.uk limited, pre-owned premium watch specialist, in a private transaction with its shareholders. The company said, together with Yoox Net-A-Porter and its stake in Dufry, the […]

REPORT London - The need for greater transparency in the garment industry's supply chain remains a global issue, as evidence of gender-based violence and sexual harassment continues to emerge. Now three new reports documenting gender-based violence within H&M, Gap and Walmart's Asian garment supply […]

SERIES Operating outlets across 29 provinces, region and major cities in China, Zhejiang Semir Garment Co Ltd, is one of the leading and most recognizable casual apparel companies in the country.The group's total revenue increased 12.74 percent, hitting 12.026 billion RMB (approximately 1.8 billion […]

Net sales for the first quarter at Abercrombie & Fitch were 730.9 million dollars, up 11 percent from last year, with comparable sales up 5 percent. Changes in foreign currency exchange rates and the calendar shift resulting from the 53rd week in fiscal 2017 benefited first quarter net sales by approximately […]

What makes a good online fashion store? What features does it need to have and what trendsetters are there? FashionUnited has asked an expert. New (fashion) web shops are needed and they should be functional and easy to use. These were the first adjectives that customers came up with when asked to describe […]

Businesses from France and Italy dominate Deloitte’s annual list of Top 100 luxury goods companies once again. The latest report covers the luxury goods sector in fiscal year 2016 (ending on June 30, 2017). Italy leads in number of companies making the list (24), but the nine French corporations that […]

Caleres , in its results announcement for the first quarter said that consolidated sales were 632.1 million dollars. Famous Footwear total sales of 363.4 million dollars were down 0.8 percent, as were same-store-sales. The company operated 39 fewer doors year-over-year. Brand Portfolio sales of 268.7 […]

Lululemon Athletica Inc., for the first quarter ended April 29, 2018 reported net revenue of 649.7 million dollars, an increase of 25 percent compared to the first quarter of fiscal 2017. On a constant dollar basis, net revenue increased 23 percent. Total comparable sales increased 20 percent or 19 […]

ANALYSIS The quarterly reshuffle of the UK’s benchmark index comprehended of the 100 largest companies by market capitalisation hasn’t be precisely soothing for the ailing apparel retail sector. Mothercare and Moss Bross have dropped from the FTSE 100 while Marks & Spencer has barely survived this cut. […]

Fashion retailer Meccano has faced financial difficulties, including expensive leases, almost since it got acquired by De Vere Investments in February 2016, a new report from the company’s administrators reveal. Being just able to deliver three months of profits after the investment firm took over Meccano, […]

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