Prada S.p.A net revenues of 3.056 billion euros (3.766 billion dollars) for the year ended December 31, 2017, a 2 percent decrease at constant and 3.6 percent at current FX compared to 2016. Net income amounted to 249 million euros (306.8 million dollars), 8.1 percent of revenues against 8.2 percent […]

Chinese men’s fashion retailer GXG is said to be eyeing an initial public offering of stock (IPO) on Hong Kong Stock Exchange, according to people familiar with the matter. Sources close to the fashion group, controlled by L Catterton Asia, said GXG is planning a Hong Kong initial public offering that […]

ANALYSIS U.S.-based accessories chain Claire's Stores is reportedly filing for bankruptcy later this month. Same sources, who have required to remain anonymous given the private nature of the deal, also pointed out that Claire’s owner, Apollo Global Management, would pass the company’s lease to lenders […]

ANALYSIS "We are in the middle of a transformation that started in 2015 and we are going in the right direction", summarises the company the status and first results of its strategic restructuring plan. Alberto Ojinaga, corporate director of the Spanish fashion firm, explained that the future starts […]

Karen Millen and Shoe Zone feature among the list of around 180 employers named and shamed by the department for Business, Energy and Industrial Strategy (BEIS) for underpaying more than 9,000 minimum wage workers by 1.1 million pounds (1.5 million dollars). Along with recovering backpay for 9,200 workers, […]

Desigual closed the year 2017 with a turnover of 761 million euros (937 million dollars), a decrease of 11.5 percent compared to the previous year. EBITDA for the year stood at 119 million euros (146.5 million dollars) and net profit was 47 million euros (57.8 million dollars), a decrease of 28 percent […]

Emanuel (Manny) Chirico, PVH Chairman and Chief Executive, has joined more than 350 CEOs for the CEO Action for Diversity & Inclusion. The company said, by signing onto this commitment, PVH is pledging to take action to cultivate a workplace where diverse perspectives and experiences are welcomed and […]

American Eagle Outfitters, Inc. reported EPS for the 14 weeks ended February 3, 2018 of 0.52 dollar compared to 0.30 dollar for the 13 weeks ended January 28, 2017. For the same periods, adjusted EPS was 0.44 dollar compared to adjusted EPS of 0.39 dollar last year. Adjusted EPS for the quarter increased […]

L Brands, Inc. reported net sales of 853.9 million dollars for the four-week period ended March 3, 2018, compared to net sales of 765.5 million dollars for the same period ended February 25, 2017. Comparable sales increased 3 percent during the period under review. The company said that it has authorized […]

The Cato Corporation reported sales for the four weeks ended March 3, 2018 of 67.2 million dollars, a 5 percent increase over sales of 63.8 million dollars for the four week period ended February 25, 2017. Same-store sales for the month decreased 5 percent from the prior year. "February same store sales […]

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